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.

The Ministry of Finance (MoF) plans to implement several policies to support the business sector and people, and promote the country's economic growth in 2024, according to Minister Ho Duc Phoc.

Vietnam needs to adopt various solutions, particularly those to improve the quality of human resources to increase productivity, in order to achieve the 2024 growth target set by the National Assembly, said Nguyen Thi Huong, head of the General Statistics Office (GSO).

The flow of overseas remittances to Ho Chi Minh City is estimated to reach about US$8.92 billion in 2023, up 35% year on year, said Deputy Director of the State Bank of Vietnam (SBV)’s Branch in HCM City Nguyen Duc Lenh.

VOV.VN- Website digitalnewsasia.com of Malaysia cited research results on December 20 compiled by consulting firm Oxford Economics, authorised by the Institute of Chartered Accountants in England and Wales headquartered in the UK, and gave assessment of economic dynamics in Southeast Asia, including a positive assessment of the Vietnamese economy in 2023 and a positive outlook in the medium term.

Public investment, domestic consumption, and export recovery will be the three main growth drivers of Vietnam's economy in 2024, the Asian Development Bank (ADB)’s Country Director for Vietnam Shantanu Chakraborty has told the Vietnam News Agency.

VOV.VN - Exports are one of the three important pillars of economic growth alongside investment and consumption, with these recording double-digit negative growth since the first quarter of the year, with a fall of up to 11.9% compared to the same period from last year.