The International Monetary Fund has released its Vietnam: 2024 Article IV Consultation report which breaks down the performance of Vietnam’s economy over the last 12 months. Notably, it forecasts GDP growth for this year and 2025 of 6.1 percent.

The 97 page report also includes a number of recommendations. A few that stand out are:

Allow greater exchange rate flexibility;
Give the SBV greater operational autonomy;
Replace credit growth ceilings with a sound systemic risk management framework.
Create a medium-term strategy for gradual wage and pension increases rather than large annual increases; and
Use structural policies should be geared toward mitigating precautionary savings, like improving social safety nets, and facilitating greater non-FDI investments to address external imbalances.

See also: Vietnam Economy News

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