(VOVWORLD) - Vietnam’s economy is experiencing a strong rebound in 2024, with growth projected at 6.8% to 7%, surpassing the target set by the National Assembly, according to a government report presented at the ongoing NA session in Hanoi on Monday.
 The National Assembly session on November 4, 2024. (Photo:quochoi.vn) |
The report noted a shift toward a digital and green economy, with 14 out of 15 key targets anticipated to be met or surpassed this year. The International Monetary Fund (IMF) forecasts that Vietnam will be among the 10 fastest-growing economies in the world, with an average growth rate of 6.4% from 2024 to 2029.
Tran Quoc Tuan, a deputy from Tra Vinh province, said that strong export growth and growing foreign investment highlight Vietnam’s appeal as a safe destination for investors.
With inflation under control and coordinated fiscal and monetary policies, Vietnam has been able to maintain stability and support sustainable development. Social security and national defense and security have been ensured.
"Together, these factors show Vietnam's adaptability to changes in the global economy," Tuan said.
Tran Thi Quynh, a deputy from Nam Dinh province, suggested ways to boost socio-economic development, including clearer macroeconomic solutions, the maintenance of the reduced value-added tax (VAT), and stronger support for families and businesses affected by natural disasters.
Quynh added that the disbursement of public investment capital should be accelerated and the State Bank should offer credit packages to support businesses in agriculture, aquaculture, tourism, and export processing. "It’s also important to maintain a stable foreign exchange rate," she said.