The Vietnamese economy is likely to expand by close to 6% in 2024, driven by a recovering export sector, robust foreign direct investment, and policy support, the International Monetary Fund (IMF) said on June 26.

VOV.VN - Prime Minister Pham Minh Chinh has applauded the practical and effective partnership between Vietnam and the International Monetary Fund (IMF), highlighting its value in policy consultations.

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 - Vietnam is viewed as an attractive destination for foreign investors thanks to its stable growth rate, its large domestic market, along with its young and well-educated human resources, said Paulo Medas, head of the International Monetary Fund (IMF) team to Vietnam, speaking at the Annual Meetings of the IMF and the World Bank Group (WB) which was held recently in the US.

Vietnam’s economic growth is predicted to expand by about 6.5% this year based on numerous potentials, significant foreign direct investment, and ongoing efforts to improve the business environment and infrastructure.

Vietnam’s macro-economic achievements were applauded at an international workshop co-organised by the International Monetary Fund (IMF) and the Bank of Laos on April 3 in Luang Prabang.

VOV.VN - Vietnam will enjoy favourable conditions to fuel its economic recovery this year despite the global moderate growth forecast, said Paulo Medas, head of the International Monetary Fund (IMF) team to Vietnam.

As the room for the fiscal policy remains quite large, Vietnam in 2024 should continue to pursue the counter-cyclical fiscal policy, with a focus on increasing spending and maximising tax and fee exemption and reduction, to support economic growth, experts believe.

VOV.VN - Many prestigious international organizations such as VinaCapital and the International Monetary Fund (IMF) have forecast that Vietnamese GDP will continue seeing strong growth in 2024, rising to be among the 20 highest growing economies globally.

Experts from the International Monetary Fund (IMF) maintained their forecast for Vietnam’s GDP growth at 4.7% in 2023 but expressed their optimism about the medium-term prospects, with GDP growth predicted to reach 5.8% in 2024 and 6.9% in 2025.