International organizations have positive forecasts for Vietnam's economy in second quarter of 2024

Sunday, 16/06/2024 10:49
(CPV) - In the context of unpredictable fluctuations in the global economy, Vietnam's economy still receives many positive forecasts from international financial organizations.
Photo for illustration (Source: Internet)

According to Standard Chartered Bank's forecast, Vietnam's GDP growth in the second quarter of 2024 will reach 5.3% over the same period. This is an impressive number, affirming the ability of Vietnam's economy to recover and develop after difficulties caused by the pandemic and global economic fluctuations.

In the latest report, UOB Bank also made a positive forecast with a growth of 6% in the second quarter of 2024 over the same period, extending the increase of 5.66% in the first quarter. With the figure, Vietnam ranked second in the ASEAN-6 region, only after the Philippines. This reflects the flexibility and resilience of the Vietnamese economy before international market fluctuations.

HSBC Bank is even more optimistic when forecasting that Vietnam's GDP growth in the second quarter of 2024 could reach 6.5%. With this growth rate, Vietnam could surpass the Philippines to lead the group of economies.

Bloomberg's survey shows that Vietnam's GDP in the second quarter of 2024 could also grow at 6.5%. According to Bloomberg, the State Bank of Vietnam is likely to keep the operating interest rate unchanged in the coming time. This means that the burden of “getting the economy back to growth by attracting investors and encouraging spending” will fall heavily on the Government.

According to Bloomberg, Vietnam's GDP in the second quarter of 2024 could also grow at 6.5% (Photo:

If you look at 2024 as a whole, international financial organizations also make promising forecasts. The Asian Development Bank (ADB) forecasts that Vietnam's economic growth in 2024 will be maintained at 6%. ADB experts believe that Vietnam's policy challenge is the need to increase the efficiency of public investment to stimulate growth in the short term while ensuring stability and sustainable development in the long term.

The International Monetary Fund (IMF) forecasts that Vietnam will rank 20th in the world with a growth rate of 5.8% in 2024. However, in the medium term, the IMF expects Vietnam to have many opportunities from digitalization, green transformation and forecast economic growth of 6.5%.

The World Bank also made a positive forecast with Vietnam's GDP growth in 2024 being 5.5%. With this growth rate, Vietnam continues to be in the top group in the world of economic growth rate.

Positive forecasts from international organizations show confidence in the growth potential of the Vietnamese economy. With appropriate policies and efforts of the Government, Vietnam can achieve its growth goals and continue to affirm its position as a bright spot in the region and the world./.

Compiled by BTA