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%.

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Vietnam , World Bank , GDP , loans , debt , asset

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