With decisive policy actions, proactive diplomacy and strategic reform priorities, the country is now aiming for an ambitious GDP growth target of 8% or more this year - a goal lawmakers and experts believe is within reach, provided key breakthroughs are implemented effectively.
The consumer price index (CPI) in the two months increased 3.27% compared to the same period last year. State budget revenue reached 25.4% of the annual estimate, up 25.7%.
Vietnam still has significant potential to increase the presence of institutional investors in both markets. As such, the stock market status upgrade is just the first step in attracting these investors.
Vietnam’s GDP was estimated to expand 7.1% in 2024, surpassing the Government’s 6.5% target, thanks to supportive monetary policies and strong retail sales.
The macroeconomic outlook of Vietnam is bright as the country has witnessed strong domestic consumption, received foreign direct investments and maintained a surplus in trade balance with other countries, with a real GDP growth forecast to exceed 8% in 2022, wrote an article recently published on the US’s seekingalpha.com.
Vietnam’s gross domestic product (GDP) of the first quarter increased by 4.48 percent, attributable to the effective implementation of the dual goal of epidemic prevention and economic development.
