HANOI: The Vietnamese economy is likely to expand by 6-6.5% in the base scenario, with even recovery recorded in all sectors of agriculture, industry, construction and services, Dr. Can Van Luc, a member of the National Financial-Monetary Policy Advisory Council, has predicted.

According to the Vietnam News Agency (VNA), the economist held that the country’s economic recovery seen in late 2023 will motivate the economic recovery and development throughout 2024.

This year, inflation will continue to be kept under control, at about 3.5-4%, he said, adding that the country’s exports will bounce back, reaching a growth rate of 5% this year.

In terms of investment, foreign direct investment is hoped to maintain the rising trend, while public investment disbursement is predicted to reach the similar level like 2023, Dr. Luc said.

The economist asserted that private investment will be encouraged this year, with a rise of about 6%.
Source: Emirates News Agency