HÀ NỘI — Việt Nam’s real economic growth is expected to slow to 4.7 per cent this year before recovering to 5.5 per cent in 2024 and 6.0 per cent in 2025, according to Việt Nam’s Macro and Poverty Outlook released by the World Bank on Monday. According to the outlook, after last year’s strong rebound, the economy has been facing domestic and external headwinds in 2023. Weaker global growth and trade have dampened external demand for Vietnamese exports, in turn weighing on growth. Despite external headwinds, Việt Nam’s external position improved in Q1-2023, recording a current account surplus of 1.5 per cent of GDP. WB experts pointed out that slower-than-expected growth in advanced economies and China could further dampen external demand for Việt Nam’s exports.

Source: Viet Nam News October 04, 2023 07:09 UTC