As savings rate of Vietnamese people is very high at up to 37 per cent of GDP, experts said it is a potential available capital resource that should be exploited to promote economic growth.
Việt Nam''s ''Đổi Mới 2.0'' reforms will boost GDP growth to 7.2 per cent annually through 2031, but ambitious productivity targets and trade vulnerabilities pose challenges to the Government''s 10 per cent goal, according to BMI.
Top leader says 2026 will mark the start of a new development phase under Việt Nam''s latest five-year plan, though acknowledges that sustaining double-digit economic growth will be challenging as traditional drivers lose momentum.
Việt Nam’s 2024 economic growth target of 6.5 per cent is challenging, with weak consumption demand and exchange rate risks, so signals a pressing need for hastening energy transition towards a green economy