Vietnam’s 2024 GDP forecast to expand 6.12-6.48 percent

The Central Institute for Economic Management (CIEM), at a workshop in Hanoi on Monday, unveiled two scenarios for Vietnam’s economic growth in 2024 with the gross domestic product (GDP) projected to expand 6.12-6.48 percent. The CIEM also revealed two export scenarios for 2024, with shipments rising 4.01-5.19 percent. Vietnam's trade surplus was predicted at US$5.64-6.26 billion, respectively. Its recommendation underscores the importance of directing efforts toward policies aimed at stimulating economic growth recovery. Vietnam recorded an import-export turnover of $683 billion and enjoyed a trade surplus of some $28 billion last year.