VOV.VN - The Vietnamese Government will continue to priotise strongly promoting growth associated with consolidating and maintaining macroeconomic stability, controlling inflation and ensuring major economic balances in a bid to create more positive changes in making strategic breakthroughs.

Although Vietnam’s economy showed signs of recovery in the third quarter of this year, particularly in industrial production and exports, a significant increase in headline inflation has emerged as a cause for concern, prompting scrutiny from policymakers.

Vietnam’s economy has made good recovery since the beginning of this year; however, inflation risks could weight on the country’s growth outlook, according to experts.

Vietnam’s maintaining the momentum of public investment will be crucial because it will rejuvenate economic activities, generate employment, and enhance domestic consumption, said ADB Country Director for Vietnam Shantanu Chakraborty.

Vietnam’s consumer price index (CPI) is projected to grow between 3.2% and 3.6% this year, the Ministry of Finance said at a meeting of the Steering Committee on Price Management in Hanoi on October 11.

VOV.VN - Vietnam’s economic growth is predicted to expand by between 9.3% and 10.6% in the fourth quarter, thereby achieving annual GDP growth of 5.8% to 6% providing that growth drivers are fully tapped into and the global market rallies, according to economic experts at the Bank for Investment and Development of Vietnam (BIDV).

The State budget revenue was estimated at over VND1,223 trillion (US$50.8 billion) in the first nine months of this year, or 75.5% of the estimate, marking an annual decrease of 8.3%, according to the Ministry of Finance.

VOV.VN - Vietnam’s gross domestic product (GDP) in the third quarter of the year grew by 5.33% on-year while the consumer price index (CPI) in September soared by 1.08% compared to the previous month, according to the General Statistics Office (GSO).

VOV.VN - Vietnamese economy remains resilient, and recovery is expected to pick up in the near term, driven by strong domestic consumption, which is supported by moderate inflation, an acceleration of public investment, and improved trade activities, said the Asian Development Bank (ADB)'s Country Director for Vietnam Shantanu Chakraborty.

The United Overseas Bank (UOB) has maintained its economic growth forecast for Vietnam at 5.2% for 2023 and 6% for 2024 while forecasting that Vietnam will continue to cut regulatory interest rates in the remaining months of this year to balance economic growth and inflation pressure.