VOV.VN - The benefits of free trade agreements (FTAs) have exerted a positive impact on the socio-economic development of localities across the country, especially in terms of accelerating trade growth and market expansion, according to insiders.

The State Bank of Vietnam (SBV) has set a credit growth target of 15% for the domestic banking system in 2024.

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.

VOV.VN - Despite failing to achieve its growth target, Vietnam is still considered to be a country with high growth in the region and remains highly regarded as a destination by international investors ahead in 2024.

Amid global uncertainties, the continued maintenance of macro-economic stability will form an important foundation for Vietnam to achieve next year’s growth target, said General Director of the General Statistics Office (GSO) Nguyen Thi Huong.

VOV.VN - Vietnamese gross domestic product (GDP) grew by 5.05% in 2023, higher than 2020 and 2021, according to the General Statistics Office (GSO).

VOV.VN - The Vietnamese economy has weathered global headwinds to secure an estimated growth rate of 5.05% for this year, according to the General Statistics Office (GSO) in its report released on December 29.

Credit rating agency Fitch Ratings has forecast Vietnam’s growth in the medium term at around 7%, with many favourable signs.

Savings interest rates have set a new record low of only 1.9% per year for a 1-2-month term.