HANOI, April 4 (Xinhua) -- Vietnam's Ministry of Planning and Investment has put forward two scenarios of gross domestic product (GDP) growth in the next quarters to achieve the 2024 target of 6-6.5 percent, the local newspaper VnExpress reported Thursday.
For 6 percent growth, the economy needs to expand 5.85 percent, 6.22 percent and 6.28 percent in the second, third and fourth quarters, said Minister of Planning and Investment Nguyen Chi Dung.
For 6.5 percent, they have to go up to 6.32 percent, 6.79 percent and 7.08 percent.
He said the scenarios were predicated on the first-quarter growth of 5.66 percent, the highest rate since 2020, and a steady inflation rate of 3.77 percent.
While the ministry tends to expect the latter scenario, it acknowledges that the economy still faces certain problems and challenges, he said.
The World Bank has forecast that Vietnam's economy is likely to grow 5.5 percent this year while the International Monetary Fund predicted its 2024 growth at 5.8 percent. ■