The IMF believes that Vietnam’s exports will continue to increase strongly and Vietnam’s 2024 growth rate could reach nearly 6% thanks to the recovery of domestic demand and the Government’s supportive fiscal policy. However, the IMF representative also recommended that Vietnam needs to have flexible fiscal policies to cope with risks and ensure sustainable growth.
Regarding attracting foreign investment, in the context of shifting the supply chain to Asia and Vietnam is one of the investment destinations. Vietnam is continuing to receive a large amount of direct investment from abroad and is an attractive economy for foreign investors thanks to its high growth, stable economy and large domestic market. However, to maintain its attractiveness, Vietnam needs to continue to improve the business environment, reduce administrative procedures, develop infrastructure, especially green energy, and promote innovation. .
Source: THNM April 25, 2024
Tags: Vietnam attractive economy investors
