Vietnam Macro Monitoring, September 2023

• Ngôn ngữ: eng
• Ký hiệu phân loại: 959.7 Vietnam
• Thông tin xuất bản: Washington, DC, 2023
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 302570
• Chủ đề: 1. DOMESTIC CONSUMPTION; 2. GDP GROWTH; 3. INDUSTRIAL PRODUCTION; 4. INFLATION RATE; 5. RECENT ECONOMIC DEVELOPMENTS

Tóm tắt

This brief discusses the economic development of Vietnam for September 2023. While economic growth picked up in Q3-2023 thanks to a gradual recovery of the exports, domestic consumption remained subdued and credit growth continued to be slow reflecting weak private domestic investment and investors' confidence. A sharp upward trend in headline inflation continues to warrant close watch. Continued efforts to implement public investment could support aggregate demand and economic growth in the short run. A strategic and well-prepared investment pipeline for 2024 and the next Medium-Term Investment Plan (MTIP) with a focus on green, resilient, and regional infrastructure will help bolster long term economic development. Further improving the business environment and stepping up investment in human capital would help the country: attract high-tech and high-value-addition FDI and boost productivity in the long run.