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COVER STORY

BOUNCING BACK mid the intricate landscape of the
global economy in 2023, many
A countries grappled with a host of
difficulties, confronting diminished growth
Vietnam responded well to a challenging 2023 and is now expectations, lingering geopolitical ten-
poised for improved economic performance in 2024. sions, and a spectrum of uncertainties
spanning from rising inflation to stringent
| By GIANG HOANG monetary policies. As the year drew to a
close, global economic forecasts from
international organizations were adjusted,
with the prevailing view indicating sub-
dued growth compared to 2022.
Within this global context, Vietnam’s
economy faced its share of issues, but a
proactive response from the government
coupled with cohesive support from the
population and the business community
resulted in a series of strategic measures
being implemented. These efforts aimed
to navigate the headwinds, stimulate growth,
and sustain macro-economic stability, and
culminated in positive signs of recovery
with higher quarterly growth rates observed
in the latter part of the year.

12 | VIETNAM ECONOMIC TIMES | FEBRUARY 2024 en.vneconomy.vn