HCM city. (Photo: VNA)

Notably, Vietnam’s public debt is expected to stay at the lowest as compared with eight other ASEAN member countries, the fund said. 

The IMF also forecast that Vietnam’s GDP growth will rebound to 6.9% in 2024, the highest in Southeast Asia, and its public debt will fall to 31.3% of the national GDP in 2028 from the record 47.5% in 2016.

The debt-to-GDP ratio in 2028 will be the lowest within two decades. In terms of inflation, the lender said it will reach 5% and 3% in 2023 and 2024, respectively.