WB: Vietnam's economy will pick up pace over the second half |
The report shows that Vietnam's economic growth slowed from 8% in 2022 to 3.7% in the first half of 2023. It forecasts a moderate growth of 4.7% in 2023, gradually accelerating to 5.5% in 2024 and 6.0% in 2025.
A proactive fiscal policy supporting short-term demand, removing barriers to the implementation of public investment, and addressing infrastructure constraints can help the economy achieve these targets and promote long-term growth. The report also recommends a number of policy options to get Vietnam's economy back on track, including diversifying export products and destinations to build medium-term resilience against adverse events. external shock.
At the same time, strengthening fiscal policy can play a stronger role in encouraging green practices and consumption, contributing to building a sustainable environment.