Ho Chi Minh City envisions its financial center encompassing the money market, banking system, capital market, and derivatives market.

Vietnam’s central bank has set a credit growth target of around 15% this year.

The industrial sector continues to be a primary driver of growth, with external demand for major electronics fueling production.

The World Bank expected Vietnam's growth prospects to improve thanks to a recovery in exports, tourism, consumption, and investment.

Key challenges for the remainder of the year include lowering interest rates, providing low-cost credit, and adopting cost-cutting technologies.

Currently, 72 countries recognize Vietnam as a market economy, including major economies such as the UK, Canada, Australia, Japan, South Korea, and New Zealand.

By the end of this decade, Vietnam is expected to be among the top three Southeast Asian countries in terms of industrial competitiveness.

Vietnam remains on the path of recovery driven by the turnaround in the global electronics cycle.

Fiscal policy also supports economic growth in 2024 amid expected significant public sector wage increases and ongoing efforts to boost public investment.