Domestic fiscal and monetary policies have pivoted to provide growing support to the economy, the agency said.

It noted that the country’s growth slowed to 4.3% in the first nine months of this year amid weak external demand and lingering headwinds in the domestic property sector.

A welder works in a construction site in the central province of Thua Thien - Hue.

Earlier, Standard Chartered Bank maintained robust 2024 GDP growth forecast of 6.7% for Vietnam in its latest macro-economic updates about the Southeast Asian nation.

Experts from the International Monetary Fund (IMF) also expressed their optimism about the medium-term prospects, with the national GDP growth predicted to reach 5.8% in 2024 and 6.9% in 2025.

The 15th National Assembly (NA) on November 9 adopted a resolution on the socio-economic development plan for 2024, which sets a target of 6.0 - 6.5% growth in GDP for the year, as part of its ongoing sixth sitting.

Structure of public investment shifted in line with economic reforms: Minister

The structure of public investment capital in the last few years has changed in line with Vietnam’s economic reforms, boosting the restructuring of industries, and regions as well as balancing socio-economic development and social welfare, said Minister of Planning and Investment Nguyen Chi Dung.

Vietnam-Italy economic, commercial cooperation strengthened

The 8th meeting of the Vietnam-Italy Joint Committee for Economic Cooperation was held in Rome from October 17-18.

Bac Giang provincial leader attends Global Overseas Vietnamese Economic Forum in Japan

BAC GIANG - Receiving an invitation from the Consulate General of Vietnam in Fukuoka (Japan), a working delegation from Bac Giang province led by Permanent Deputy Secretary of the provincial Party Committee (PPC), Chairwoman of the People's Council Le Thi Thu Hong attended the 2nd Global Overseas Vietnamese Economic and Vietnam – Kyushu Business and Localities Connecting Forum from October 3 to 7.

Bac Giang enterprises proactively adapt to new economic trends

BAC GIANG - New trends in the global economy such as: Green transformation, emission reduction, sustainable development... have been applied by many countries and become requirements for businesses to bring products to the market. To adapt, many businesses in Bac Giang province have proactively changed their models to meet the increasing criteria of the shifting trend.

Bac Giang synchronously implement solutions to target 2023 economic growth of 14.5 percent

BAC GIANG - On September 20, the Provincial People's Committee (PPC) in Bac Giang province held a regular conference in September 2023 under the chair of PPC Chairman Le Anh Duong.

Source: VnExpress