Stimulating private investment and consumption to boost economic recovery
Given its economic performance in the first quarter of 2024, Dr. Can Van Luc, Chief Economist at BIDV and member of the National Financial and Monetary Policy Advisory Council, believes that Vietnam’s economy is gradually recovering and results in each quarter are higher than in the previous quarter. In an international context full of risks and uncertainties, he identified many opportunities for Vietnam’s economic growth in 2024, with the variable causing the most concern - exchange rates - expected to cool from the third quarter onwards while interest rates will remain low because of abundant system liquidity. To further accelerate economic recovery, Dr. Luc said it is necessary to introduce support policies similar to those applied during the Covid-19 period and to stimulate private investment and consumption.