Vietnam’s 2024 economic growth target of 6.5% is challenging, with weak consumption demand and exchange rate risks, so signals a pressing need for hastening energy transition towards a green economy, a conference to launch the Vietnam Annual Economic Report 2024 heard.

VOV.VN - Despite a bright economic outlook for this year, Vietnamese GDP growth is unlikely to achieve the target of 6.5% set by the National Assembly (NA) due to internal and external impacts, said Nguyen Quoc Viet, deputy director of the Vietnam Institute for Economics and Policy Research (VEPR).

Vietnam aims to turn tourism into a truly spearhead economic sector with green growth and world leading development capacity by 2030.

Singapore-based United Overseas Bank (UOB) has projected the economic growth rate of Vietnam at 6% for the second quarter of this year and for the full year on increasing chip-making demand, the recovery of Chinese and regional economies, as well as ongoing supply chain shifts.

VOV.VN - The country's economic growth this year is projected to reach below 6%, according to Dr. Nguyen Quoc Viet, vice director of the Vietnam Institute for Economic and Policy Research (VEPR).

Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world.

VOV.VN - Standard Chartered Bank has moved to lower Vietnam’s GDP growth forecast for the year to 6% from the previous figure of 6.7% due to lower-than-expected growth in the first quarter of the year and global trade headwinds, according to its recent macro-economic updates about the nation.

VOV.VN - Digital transformation is a key task and a breakthrough in implementing socio-economic development targets, Prime Minister Pham Minh Chinh affirmed while chairing the eighth meeting of the National Committee on Digital Transformation held on April 24 in Hanoi.

The Vietnamese Embassy in Russia organised a seminar on April 19 on prospects for Vietnam-Russia digital economic cooperation, attracting over 100 delegates representing ministries, sectors, research institutes, and business associations of the two countries.

VOV.VN - The government will strive to meet and exceed major socio-economic development targets set for this year, with the GDP growth rate anticipated to rise to 6.5%, said Prime Minister Pham Minh Chinh after discussing and considering arguments at a monthly Government meeting in Hanoi on April 3.