The State Bank of Vietnam has issued a directive urging credit institutions to accelerate credit growth from the early months of 2024, a pivotal step toward propelling economic growth.

VOV.VN - Positive economic signs recorded last year are anticipated to serve as the foundation for the Vietnamese economy to grow well in the year ahead, according to Minister of Planning and Investment Nguyen Chi Dung.

VOV.VN - Despite facing global headwinds, Ho Chi Minh City, the country’s largest economic-financial centre that was hardest hit by the COVID-19 pandemic in 2021-2022, secured high growth in 2023, creating an essential prerequisite for the city to move ahead in 2024 and beyond.

VOV.VN - The 15th National Assembly’s sixth session recently adopted a resolution on the socio-economic development plan for the year, with GDP targeted at 6% to 6.5% and per capita GDP at US$4,700 to US$4,730.

More than VND662.59 trillion (US$27.14 billion) of public capital allocated for 2023 was disbursed as of January 31, fulfilling 93.12% of the Prime Minister’s assigned plan, according to the Ministry of Finance.

VOV.VN - The Ho Chi Minh City Institute for Development Studies (HIDS) outlined three scenarios for the southern city’s economic growth in the first quarter of the year at a meeting held on February 1 aimed at reviewing the situation and socio-economic performance in January, as well as proposing solutions for February.

VOV.VN - 2024 is widely considered to be a pivotal year for Vietnamese economic recovery, with insiders believing that there are bright prospects ahead.

Effective public-private partnership and support from partners are key to the success of the project on developing 1 million hectares of high-quality, low-emission rice linked with green growth in the Mekong Delta region by 2030, Minister of Agriculture and Rural Development Le Minh Hoan said at a talk on January 30.

Credit growth will be the main focus for the banking industry in 2024, as it is closely related to economic growth, according to analysts.

As the room for the fiscal policy remains quite large, Vietnam in 2024 should continue to pursue the counter-cyclical fiscal policy, with a focus on increasing spending and maximising tax and fee exemption and reduction, to support economic growth, experts believe.