Illustrative image (Source: VNA) The economist held that the country's economic recovery seen in late2023 will motivate the economic recovery and development throughout 2024.
This year, inflation will continue to be kept under control, at about 3.5-4%, he said, adding that the country's exports will bounce back, reaching a growth rate of 5%this year.
In terms of investment, foreign direct investment is hoped to maintain therising trend, while public investment disbursement is predicted to reach thesimilar level like 2023, Dr. Luc said.
The economist asserted that private investment will be encouraged this year, with a rise of about 6%.
Dr. Luc held that 2024 will be a tough year for the world economy with complicatedgeopolitical risks and lingering wars as well as various problems in securityand energy security.
He recommended thatthis year, Vietnam should focus on analysing and forecasting the world situationto give suitable response measures.
Coffee harvesting in Dak Lak province (Photo: VNA) At the same time, itis necessary to issue legal frameworks for new economic and business modelssuch as digital economy, green economy and circular economy as well as energytransition, he stressed.
Dr. Luc underscored the need to continue maintaining underwaymonetary policies, while cautiously and flexibly loosening the policy toachieve the growth target, and strengthening policy coordination to bettercontrol interconnected risks among banking, securities, insurance, and realestate.
Meanwhile, it is necessary to better promote traditionalgrowth drivers such as export, investment and consumption, while drasticallyreforming the economy, especially the restructuring of businesses and creditinstitution with weak performance to ensure effective mobilisation and allocationof resources, the expert said./.
VNA
