Vietnam's economic stimulus policies should continue into 2024

HCMC – Vietnam should continue its economic support programs into 2024 to facilitate planned investments and boost aggregate demand, the World Bank (WB) said in its macroeconomic report released on December 18. In the face of economic concerns, WB specialists underscore the need for continued vigilance regarding weaknesses in the financial sector. They said restoring confidence and getting the troubled real estate market back on track are vital to short-term economic stability and long-term economic growth. Credit in the year through November had expanded by 10.3% year-on-year, way below the State Bank of Vietnam’s target of 14%-15%. Despite global economic uncertainties, this growth reflects investor confidence in Vietnam’s economic outlook.