Dwindling demands in the global market are posing challenges to Vietnam to meet its considerable export target for this year.

VOV.VN - Like many countries in the world, Vietnam is keeping a close watch on the progress made in discussions on expanding membership of the BRICS bloc of emerging economies.

VOV.VN - The country’s economic growth is forecast to be positive over the short term, according to predictions made the London-based audit service supplier PricewaterhouseCoopers (PwC).

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 - Although the growth rate has slowed down amid global economic difficulties, Vietnam is outperforming most countries in the world, and is regarded as an attractive destination for direct foreign direct investment (FDI) in the manufacturing sector.

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.