Publication:
Vietnam Macro Monitoring

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Date
2023-10-31
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2023-10-31
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Abstract
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.
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World Bank. 2023. Vietnam Macro Monitoring. © Washington, DC. http://hdl.handle.net/10986/40555 License: CC BY-NC 3.0 IGO.
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