A number of international financiers have expressed their optimism about Vietnam’s economic growth in 2024 which is likely to be higher than last year’s figure.

Vietnam’s economy has a good start with a growth rate of 5.66 per cent in the first quarter of this year, the highest rate since 2020. However, whether the recovery is firm remains a question.

Vietnam's ineligibility for ADB's Asian Development Fund (ADF) 14 is a positive indication for the country, given its already high income level, said Tomuyuki Kymura, Head of the bank's Strategy and Policy Department.

The Vietnamese economy is expected to carry momentum in the months to come after experiencing improvements in foreign direct investment (FDI) attraction, industrial production, and retail sales, among others, in the first four months of this year.

Vietnam’s Manufacturing Purchasing Managers’ Index (PMI) rose back above the 50.0 no change mark in April, posting 50.3 from 49.9 in March.

Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world.

Several industries such as garment, textile and seafood have all recorded impressive export growth over recent times, despite conflicts in various regions globally remaining complicated, heard a forum held on April 25.

A ceremony to announce the list of the top 500 fastest growing enterprises in Vietnam (FAST500) and Top 5 and Top 10 real estate - construction - building materials companies in 2024 was held by the Vietnam Report JSC on April 25.

Standard Chartered Bank has moved to lower Vietnam’s GDP growth forecast for the year to 6% from the previous figure of 6.7% due to lower-than-expected growth in the first quarter of the year and global trade headwinds.

Vietnam's economy is showing mixed signs of recovery in early 2024, with growth forecast to reach 5.5% in 2024 and gradually rise to 6.0% by 2025, according to the latest World Bank Taking Stock bi-annual economic update released on April 23.

The resurgence of credit suggests that the economy has started to absorb capital. Experts suggest that low interest rates will continue to be effective as the economy rebounds.

VN economic growth is predicted to expand by about 6.5 per cent this year based on numerous potentials, significant foreign direct investment, and ongoing efforts to improve the business environment and infrastructure.

High-profile international organisations are urging Vietnam to quicken its public funding as an effective fiscal policy move to attract more funding from private investors, who bemoan a lack of high-quality infrastructure works in the country.

The report studies the essential factors that define the region's appeal as the best location for offshore services and sheds light on the significant changes in the industry.

Vietnam has nearly 900,000 operating private enterprises with about 7 million entrepreneurs, contributing nearly 45 per cent of the country's GDP.

Vietnam should promote the development of the creative economy in order to benefit from the numerous opportunities brought by it, the Central Institute for Economic Management (CIEM) suggested.

The Asian Development Bank (ADB) has maintained its previous forecast about Vietnam’s economic growth in 2024, despite uncertain global conditions.

Vietnam is transforming into a new global manufacturing hub, offering a diverse range of products that are competitively priced and continuously improving in quality.

The Asian Development Bank (ADB) has maintained its earlier growth projection for Vietnam this year despite lingering uncertainties in the external environment. Vietnam’s economy is expected to grow at 6.0% and 6.2% in 2024 and 2025, respectively.