Ministry projects three economic growth scenarios for 2024, highest at 6.5 per cent
Malory Anastasia
HÀ NỘI — The Ministry of Planning and Investment has outlined three potential economic growth trajectories for 2024, with the peak GDP growth rate forecast at 6.5 per cent.
These projections stem from the Government's socio-economic development strategy for the 2021-25 period, combined with endeavours to meet the 2023 growth goal of 6.5 per cent.
Given the challenges faced by the Vietnamese economy between 2021-23, 2024 is anticipated to be a pivotal year for Việt Nam to accomplish the objectives of its five-year plan.
In the first scenario, Việt Nam's GDP is predicted to rise by 6 per cent. This estimate presumes that global growth will be moderate in 2023 and the resurgence of global trade and investment will continue to face hurdles. Although the domestic market and services sector might exhibit robust growth, the import, export, and industrial production sectors may not experience a marked recovery due to their reliance on global market demand.