World Bank forecasts Vietnam 2024 GDP growth at 6.1%, warns on bad loans

FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo

HANOI: The World Bank on Monday forecast Vietnam's gross domestic product (GDP) growth for this year at 6.1%, but warned that banks' asset quality remained a concern.

The Southeast Asian country, a regional industrial hub, is targeting 6.5% GDP growth this year on expected external recovery and increased public investment, accelerating from last year's expansion of 5.05%.