Viet Nam on track for a robust recovery: HSBC
Viet Nam appears to be on track for a robust recovery, noted HSBC in its recent report Viet Nam at a glance released on October 12.
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Prime Minister Pham Minh Chinh informed parliamentarians on Monday that the government has set a goal GDP growth rate of 6–6.5 percent for 2024.
IMF maintained 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.
Fitch Solutions recently lowered real GDP growth forecasts for Vietnam to 4.7% for 2023 and 5.5% in 2024 (previously 5.0% and 6.0%, respectively).
Viet Nam appears to be on track for a robust recovery, noted HSBC in its recent report Viet Nam at a glance released on October 12.
Vietnam's trade with the rest of the world reached nearly $500 billion in nine months through September, according to the General Department of Customs.
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