VOV.VN - Vietnam’s gross domestic product (GDP) expanded by 5.66% in the first quarter of this year, marking the highest growth rate compared to the same period from 2020 to 2023, reported the General Statistics Office (GSO).

Vietnam's GDP in the first quarter of 2024 will grow by around 5.5% as predicted, according to experts and thinktanks.

The economy of Vietnam is going through a dynamic shift, marked by robust growth and the development of several key trends supporting a stronger looking future, according to an article recently published by the Hong Kong-based news site asianinsiders.com.

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

The Vietnam Report JSC has released a white book on the Vietnamese economy in 2023, highlighting the country’s economic achievements last year and giving forecast for 2024 as well as a number of policy recommendations.

Many international financial institutions have expressed their optimism about Vietnam’s GDP growth, and shared the view that it would reach at least 6% this year.

Standard Chartered Bank expects Vietnam to have a robust GDP growth of 6.7% in 2024 (6.2% and 6.9% in the first half and second half of the year, respectively).

Kasikornbank (KBank), Thailand’s second-largest lender by total assets, is focusing on expanding its international banking business this year in Vietnam and Indonesia, given the two ASEAN economies’ high growth potential.

Prime Minister Pham Minh Chinh urged the agriculture and rural development sector to focus on innovation, speed up digital and green transformation and promoting the development of circular economy, knowledge economy, and sharing economy, towards realising the goal of ecological agriculture, modern rural areas and civilised farmers.

2023 continues to be a tough year for the world economy as COVID-19 pandemic has still taken heavy tolls while a series of new challenges have emerged, including geopolitical conflicts, tight monetary policies in major economies and world economic slowdown.