HANOI, Aug 27 (NNN-VNA) – Vietnam’s economy is forecast to grow 6.1 percent this year and 6.5 percent in both 2025 and 2026, up from five percent in 2023, the World Bank said yesterday.
The country’s economic growth is expected to pick up this year, driven by a rebound in manufactured exports and tourism, and recovering consumption and business investment, the bank’s latest Talking Stock report, showed.
The development of capital markets will provide a vital source of long-term funding for Vietnam’s economy, and help the country achieve its goal of becoming a high-income nation by 2045, said the report.
Dorsati Madani, senior country economist at the World Bank Vietnam, said, the country’s economic prospects were positive with broadly balanced risks.
The focus should be on speeding up the disbursement of public investment, to promote economic growth, she said.
Vietnam recorded year-on-year gross domestic product growth of 6.42 percent in the first half of this year, the second-highest H1 growth in the past five years, according to the country’s General Statistics Office.– NNN-VNA
