Publication:
Taking Stock April 2024: Promoting Innovative Entrepreneurship

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-04-23T16:34:06Z
dc.date.available2024-04-23T16:34:06Z
dc.date.issued2024-04-23
dc.description.abstractViet Nam’s economy slowed sharply in 2023, with three key drivers of growth – exports, consumption, and private domestic investment – is losing momentum. On the production side, the slowdown was led by industrial production. In the first quarter of 2024, the economy registered 5.66 percent (y/y) growth, mostly driven by the low base effect in exports, with consumption and investment recovering more gradually. Employment growth slowed and real average monthly incomes stagnated. Viet Nam’s external position improved in 2023, underpinned by a large current account surplus. Viet Nam needs to increase domestic private sector productivity to realize its ambitious target of becoming a high-income country by 2045, and innovative entrepreneurship is essential to drive this growth. Improving the conditions for entry and growth of innovative startups, through development of a conducive entrepreneurial ecosystem, can help build a pipeline of highly productive firms in new and established sectors.en
dc.identifierhttp://documents.worldbank.org/curated/en/099435404222425028/IDU1c5664f6e1c35c146ca1855f13d13e3b79c24
dc.identifier.doi10.1596/41463
dc.identifier.urihttps://hdl.handle.net/10986/41463
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectLABOR MARKET
dc.subjectFISCAL MEASURES
dc.subjectINNOVATIVE ENTREPRENEURSHIP
dc.subjectSDG 8
dc.titleTaking Stock April 2024en
dc.title.subtitlePromoting Innovative Entrepreneurshipen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleTaking Stock April 2024: Promoting Innovative Entrepreneurship
okr.date.disclosure2024-04-23
okr.date.lastmodified2024-04-22T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/099435404222425028/IDU1c5664f6e1c35c146ca1855f13d13e3b79c24
okr.guid099435404222425028
okr.identifier.docmidIDU-c5664f6e-c35c-46ca-855f-3d13e3b79c24
okr.identifier.doihttps://doi.org/10.1596/41463
okr.identifier.externaldocumentum34305582
okr.identifier.internaldocumentum34305582
okr.identifier.report189457
okr.import.id3992
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099435404222425028/pdf/IDU1c5664f6e1c35c146ca1855f13d13e3b79c24.pdfen
okr.region.administrativeSouth Asia
okr.region.countryViet Nam
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicSocial Protections and Labor::Labor Markets
okr.unitEAP External Affairs (ECREA)
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