World Bank2024-04-032024-04-032024-04-03https://hdl.handle.net/10986/41360Industrial production in Viet Nam decreased due to the Tet holiday in February 2024. The subdued domestic consumption and private investment warrants close monitoring. In contrast, recent high frequency data suggests strong upside risks to growth in advanced economies, especially US which could in turn induce a stronger recovery in Viet Nam. The government could further accelerate the implementation of its public investment program to support aggregate demand. Addressing banking sector vulnerabilities, including strengthening prudential supervision, early interventions and bank resolution and crisis management, would help put the banks on a stronger footing for recovery.en-USCC BY-NC 3.0 IGOECONOMIC GROWTH DIAGNOSITICSPUBLIC INVESTMENT MANAGEMENTFINANCIAL CRISIS PREPAREDNESSVIET NAMBriefWorld Bank10.1596/41360