Nguyen Duc Do, Deputy Director of the Institute of Economic and Finance at the Academy of Finance, said that inflation pressure in Vietnam in 2024 is expected to be moderate due to slow economic growth worldwide, especially in the United States and China.

Vietnam's exports in 2024 are subsequently forecast to grow moderately. Moreover, as the real estate market is still struggling, the industrial and construction sectors and the entire economy will also be affected.

If GDP in 2024 expands around 6% as projected, the overall GDP growth rate for the 2020-2024 period will average 4.64%. As a result, average inflation for the whole 2024 is forecast to be around 3-3.5%, lower than the target of 4-4.5% set by the National Assembly.