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.

VOV.VN - The Vietnamese economy has been developing rapidly over recent years, and the Indonesian economy will be left behind soon unless it makes a change, Indonesian President Joko Widodo.

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.

VOV.VN - Based on the GDP growth rate in 2024, the Ministry of Industry and Trade has set a target of increasing export turnover this year by roughly 6%, equivalent to US$377 billion, with the trade balance maintaining a surplus of about US$15 billion.

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.

VOV.VN - The investor community, businesses, and people enter 2024 with greater expectations about economic recovery and promoting growth to help the national economy make a breakthrough in the time ahead.

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.

VOV.VN - The Vietnamese Government's determination to overcome difficulties and devise strong support solutions will be factors which have a positive impact on economic growth this year, while also creating momentum for progress in the medium term, according to international organisations and economic experts.

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.