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Vietnam’s economy will grow 6.1 percent, WB forecasts

Hanoi, Aug 26 (Prensa Latina) The World Bank (WB) estimated that Vietnam's economy will grow by 6.1 percent this year, according to the latest report prepared by the institution and released today in this capital.

According to WB senior economist here, Dorsati Madani, after a strong recovery in the first half of 2024, the country’s economic growth rate will slow down in the coming times, influenced by external factors.

Meanwhile, the WB’s Head of Macroeconomics, Trade and Investment in East Asia and the Pacific, Sebastian Eckardt, noted that in the first six months of the current year, the Vietnamese economy benefited from the recovery of export demand.

To maintain the pace of growth until the end of 2024 and in the coming years, the country’s authorities must continue with institutional reform and strongly promote the disbursement of public investment, as well as manage and monitor risks in the financial market, Eckardt quoted as saying by the VNA news agency.

The report, themed “Reaching new heights in the capital market,” noted that the Vietnamese economy has not yet returned to the growth path as in the pre-Covid-19 pandemic period when its average growth was 8 percent.

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