Vietnam’s economic growth is likely to rebound in 2024 and 2025, according to Dorsati Madani, Senior Economist at the World Bank (WB).

Despite strong efforts and more positive signals recorded, Vietnam’s economic growth stood at only 3.72% in the first half of 2023, putting heavy pressure on the realisation of this year’s GDP growth target of 6.5%, said Deputy Minister of Planning and Investment Tran Quoc Phuong.

VOV.VN - Financiers from the Republic of Korea (RoK) poured in US$2.34 billion into the Vietnamese market in the opening seven months of the year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

It’s a big challenge for the economy to reach this year’s GDP growth target of 6.5%, and economic expansion is hoped to be boosted by some important demand factors in the second half of 2023, experts have said.

VOV.VN - Vietnam is relying too much on monetary policies in order to stimulate demand. However, loosening lending standards and lowering interest rates serve to reduce asset quality, thereby creating asset bubbles, according to economic experts.

Experts gave recommendations to restore aggregate demand and promote growth in the new context at the mid-year macro-economic roundtable in Hanoi on July 11.

VOV.VN - The nation is poised to resume rapid economic growth over the medium-term economic outlook, with the “rising star” being one of the fastest growing emerging markets in Asia, according to details given by foreign newswires.

The Ministry of Planning and Investment (MPI) has built two scenarios for GDP growth in the second half of the year, based on the situation in the first half.

All economic sectors should actively implement drastic and synchronous measures to promote growth and overcome difficulties in the rest of the year, aiming to complete this year’s target of 6.5% in GDP growth, according to General Director of the General Statistics Office (GSO) Nguyen Thi Huong.

VOV.VN - According to data released on June 29 by the General Statistics Office (GSO), the Vietnamese economy is continuing to encounter difficulties as it only expanded by an estimated 3.72% during the first six months of the year.