The International Monetary Fund (IMF) has released its April 2024 World Economic Outlook (WEO) report.
GDP
GDP in the first quarter of 2024 is estimated to increase by 5.66% over the same period last year, higher than the growth rate of the first quarter during the recent 4 years 2020-2023. Notably, industrial production continued to prosper, and vibrant trade and service activities pushed total retail sales of goods and consumer service revenue up 8.2%.
Standard Chartered Bank forecasts Q1 GDP to maintain a moderate level, reaching 6.1%, amid the risk of increasing inflation.
According to IMF, Vietnam's GDP in 2023 was estimated to reach about 433.3 billion USD, ranking 5th in Southeast Asia.
The International Monetary Fund (IMF) forecasted that Vietnam's GDP will grow by 5.8% in 2024, placing it among the top 20 fastest-growing economies in the world.
According to the General Department of Statistics of Vietnam, Vietnam's GDP increased by 6.72% year-on-year in the fourth quarter of 2023.