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Vietnam identifies economic drivers for next year’s growth

The National Assembly proposed 12 groups of comprehensive solutions in all economic sectors to achieve all targets set in a resolution on the socio-economic development plan for 2024.

Deputy Minister of Planning and Investment Tran Quoc Phuong made the statement at Wednesday’s regular Government press conference, adding that one of the most important targets is a growth rate of 6-6.5%.

The NA decided to focus more in 2024 on promoting economic growth and macro-economic stability, reflecting a determination to make up for the setbacks of the COVID-19 pandemic, Phuong said.

All three economic growth drivers – investment, exports, and consumption – will have good opportunities in 2024.

According to Phuong, exports have been recovering, with better performance and  momentum regained, and opportunities for state investment, foreign direct investment, and private investment in 2024 are “relatively good”, especially FDI attraction, thanks to economic diplomacy this year.

Phuong highlighted the potential for FDI inflows into renewable energy and semiconductor manufacturing.

VNA