Under the sound leadership of the Party, Government, and State, Vietnam’s economy experienced robust growth in 2024, with each quarter outperforming the previous one and core inflation kept under control. 2025 presents a "golden opportunity" for the nation to soar, as the Party’s vision aligns with the people's aspirations.
Vietnam’s economic growth in 2024 was driven by multiple sectors, with foreign direct investment (FDI) playing a key role. As the country targets 8% growth in 2025 and aims for double-digit expansion in the following years, FDI contributions need further enhancement.
With a solid foundation and well-aligned development strategies, Vietnam continues to assert its position as one of the standout economies in Southeast Asia and beyond.
The US-based financial, economic, and stock market news site investing.com said Vietnam's economy demonstrated continued resilience in November, with a substantial trade surplus and growth in exports and imports.
On November 12, 2024, the National Assembly passed the resolution on the 2025 socio-economic development plan, prioritising growth based on macroeconomic stability, inflation control, and maintaining major economic balances. The resolution sets a GDP growth target of 6.5-7%, aiming to reach 7-7.5%.
Vietnam's fruit and vegetable exports are projected to see continued strong growth in the remaining months of the year, helping the sector to achieve its goal of 7 billion USD in export revenue.
The Asian Development Bank (ADB) maintained its positive economic outlook for Vietnam, forecasting the country’s GDP growth at 6% in 2024 and 6.2% in the following year.
The enhancement of trade promotion activities combined with e-commerce is emerging as an optimal solution for businesses and cooperatives from mountainous areas. This allows remote companies to deliver products to consumers nationwide quickly and conveniently.
Housing credit has been on the rise as the property market finds its footing and path to recovery, according to the State Bank of Vietnam (SBV).
The confidence of both domestic and foreign direct investment (FDI) enterprises has been significantly strengthened by the positive signs of industrial production growth in the early months of 2024.
Vietnam's economic growth might decelerate in the second half compared to that in the first half, with several supportive factors expected to sustain the overall growth outlook, according to the a report released by the Singaporean-based United Overseas Bank (UOB)'s Global Economics & Market Research Unit on July 2.
Vietnam's economy grew by 6.42% in the first six months of 2024, slightly lower than the figure of 6.58% in the same time of 2022 within the 2020-2024 period, the General Statistics Office (GSO) announced at a press conference in Hanoi on June 29.
A recent survey conducted by NIQ, a leading authority in consumer and shopper insights, has uncovered notable changes in shopping behaviour among Vietnamese consumers in 2024.
The Military Industry and Telecoms Group (Viettel), FPT Corporation, Vietnam Posts and Telecommunications Group (VNPT) are among the top 10 reputable technology companies of 2024, which were freshly unveiled by the Vietnam Report JSC on June 21.
Exports by provinces and cities in the southeastern key economic region have grown strongly so far this year.
In the first five months of this year, the Index of Industrial Production (IIP) was expected to increase 6.8% year-on-year, with the processing and manufacturing industry growing by 7.3%, contributing 6.4 percentage points to the overall growth.
