Vietnam’s economic growth projected to rebound from 2024 - Illustrative image (Photo: baodautu.vn)In the first scenario, Vietnam’s GDP is predicted to expand by 5.34% in 2023. - Illustrative image (Photo: VNA)Vietnam’s economic growth is likely to rebound in 2024 and 2025, according to Dorsati Madani, Senior Economist at the World Bank ( WB ).Madani noted that Vietnam's major trading partners, including the US, Europe, and China, have all experienced negative impacts in recent times due to global instabilities and reduced demand.Low demand has dampened Vietnam's economic momentum , leading to a decrease in economic growth. The country is expected to enjoy a trade surplus of 9.1 billion USD.In the second one, CIEM expects the country's GDP will rise by 5.72%, with the export turnover decreasing by 3.66%, and the average CPI increasing by 3.87%. Accordingly, full-year exports will decrease by only 2.17%, while the average CPI increasing by 4.39%. The country will enjoy a trade surplus of around 6.8 billion USD.Phan Le Thanh Long, CEO of AFA Group, predicted that the exchange rate of VND/USD will slightly increase within 1%./.

Source: Viet Nam News August 14, 2023 04:35 UTC