World Bank2023-10-312023-10-312023-10-31https://openknowledge.worldbank.org/handle/10986/40555This 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.enCC BY-NC 3.0 IGORECENT ECONOMIC DEVELOPMENTSGDP GROWTHINDUSTRIAL PRODUCTIONDOMESTIC CONSUMPTIONINFLATION RATEBriefWorld Bank10.1596/40555