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COVER STORY

IN EQUAL ietnam’s economic growth in 2024
is anticipated to continue being a
V bright spot in the region and the
MEASURE a host of uncertainties and variables. Ana-
world, but the global economy still faces
lysts are of the view that the global situa-
tion creates numerous opportunities but
also development challenges for Vietnam
Existing and new growth drivers will both play a major role
in helping Vietnam navigate the global headwinds and boost this year and in the years to come. And to
overcome the challenges and sustain its
its economic development. economic momentum, it is crucial for the
country to enhance its ability to innovate
| By PHUONG HOA
traditional growth drivers and efficiently
exploit and leverage the potential of new
growth drivers.

ISSUES LINGER
Many forecasts indicate that the global
economic headwinds will persist in 2024
and continue to blunt the prospects for
Vietnam’s economic recovery and growth.
According to the Asian Development Out-
look December 2023, released by the
Asian Development Bank (ADB), the
country’s GDP growth for 2023 came in

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