Vietnam GDP growth to expand by 6% in 2024: IMF
Fiscal policy also supports economic growth in 2024 amid expected significant public sector wage increases and ongoing efforts to boost public investment.
Fiscal policy also supports economic growth in 2024 amid expected significant public sector wage increases and ongoing efforts to boost public investment.
Thanks to the efforts of the political system, the people, businesses, and international friends, Vietnam has achieved significant and comprehensive results across all sectors.
Fiscal policy can have a greater role in support of economic growth and the poorest and most vulnerable.
The country’s positive outlook is bucking the slowing trend of the region.
The IMF forecasts Vietnam’s GDP growth in 2022 at 7-7.5%, and inflation below the 4% target set by the Government, lower than the global and regional average.
Vietnam’s prudent policies resulted in a prolonged period of high growth, price stability, and low public debt-to-GDP ratios.
Vietnam considers IMF a key partner in pursuing the goal of becoming an upper-middle-income country by 2030, and a high-income country by 2045, Prime Minister Pham Minh Chinh has said.
The country, however, continues to face risks from high inflationary pressure, which, without proper action from the Government, may lift the inflation to over the 4% target set for 2022.
The country's inflation is expected to remain below the Government's 4% target.