In the first five months of this year, the country saw a 2% increase in foreign direct investment, over a 9% increase in total export-import turnover, and nearly a 65% rise in the number of international visitors.
Singapore’s maritimefairtrade.org recently published an article on the recovery of the Vietnamese economy, citing the latest World Bank Taking Stock bi-annual economic update with growth forecast to reach 5.5% in 2024 that will gradually rise to 6% by 2025.
The capital city of Hanoi experienced a robust economic upswing in January-May, with positive growth across trade, services and tourism sectors.
The index of industrial production (IIP), foreign direct investment (FDI) and export-import were among the bright spots of the national economy in the first five months of this year, experts have said.
The Asian Development Bank (ADB) has launched a 2024–2028 country partnership strategy for Laos, aimed to lay the foundation for a more inclusive, sustainable, and resilient economy in the country.
