Fitch Ratings expresses positive outlook on Vietnam's economic growth

According to Fitch Ratings, Vietnam’s GDP growth is expected to accelerate to 6.3% in 2024 and 7.0% in 2025. The agency highlighted that the country’s economic policies have shifted to provide increased support, as the growth rate slowed to 4.3% in the first nine months of this year due to weak external demand and challenges in the domestic property sector.

Standard Chartered Bank also maintains a strong GDP growth forecast of 6.7% for Vietnam in 2024. Additionally, experts from the International Monetary Fund (IMF) are optimistic about the country’s medium-term prospects, predicting a national GDP growth of 5.8% in 2024 and 6.9% in 2025. The 15th National Assembly (NA) recently adopted a resolution setting a target of 6.0 – 6.5% GDP growth for 2024 as part of its ongoing sixth sitting, further emphasizing the focus on economic development.