AsemconnectVietnam - According to a World Bank (WB) expert, to maintain growth momentum, it is necessary to continue institutional reform, promote public investment, and manage and monitor risks in the financial market.

At the press conference to announce the Review Report - Update on Vietnam's economic situation with the theme "Reaching new heights in the capital market" held on August 26, 2024, Mr. Sebastian Eckardt, Head of the Macroeconomics, Trade and Investment Department of the WB East Asia and Pacific region, said that in the first half of this year, Vietnam's economy benefited from the recovery in export demand. However, Vietnam's economic outlook still has risks due to negative impacts from both external and domestic sources.
"To maintain growth momentum from now until the end of the year and the coming years, competent authorities need to continue institutional reform, promote public investment, and manage and monitor risks in the financial market," Mr. Sebastian Eckardt stated.
According to the WB report, Vietnam is a country with a large openness, its growth model is mainly based on exports, therefore, if major trading partners such as the United States, the EU and China have uncertain factors that cause economic growth to be lower than expected, it will affect Vietnam's exports, not to mention the escalating geopolitical tensions.
Domestically, if macroeconomic stability weakens, consumer confidence continues to be affected, the real estate market may recover longer than expected, climate change, increased natural disasters, energy supply shortages, etc. are still factors affecting economic growth in the coming time.
The World Bank (WB) experts in Vietnam affirmed that, Vietnam's economy is showing very positive growth potential.
CK
Source: VITIC/ haiquanonline.com.vn