Vietnam’s Economy Gradually Rebounds: World Bank
WB: Vietnam’s economy is showing different signs of recovery, with growth forecast to reach 5.5% in 2024 and gradually increase to 6.0% in 2025 Signs of recovery in early 2024 After experiencing a period of deceleration in 2023, the economy is showing some signs of recovery in early 2024. Exports are recovering, domestic consumption and private investment are also on the rise. Exports at constant prices are expected to increase by 3.5% in 2024, reflecting improving global demand. In addition, the real estate sector is also expected to recover stronger at the end of this year and next year, boosting domestic demand as investors and consumers gradually regain confidence. Total investment and private consumption at constant prices are expected to increase by 5.5% and 5% in 2024, respectively. In the first quarter of 2024, the economy achieved growth of 5.66% (compared to the same period last year). Merchandise exports rebound strongly, up 17.2% year-on-year in the first ...