As Vietnam's economy is recovering from the COVID-19 pandemic but still faces many big challenges, the Ministry of Finance (MoF) has introduced a range of measures aimed at revitalising economic activity and mitigating the impact of global uncertainties.
The year 2025 marks a crucial phase, bringing new momentum and enthusiasm as the country enters a period of robust development.
Nguyen Thu Huong, General Director of the General Statistics Office, clarified the current socio-economic picture and response strategies in an interview granted to VietnamPlus.
In 2024, the Ministry of Industry and Trade successfully achieved and exceeded all targets and tasks, delivering exceptional results across all areas.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
India’s news site fibre2fashion.com has highlighted Vietnam’s economic development with positive signs.
The economic forecast for 2025 reveals great potential, but also shows challenging investment prospects, especially in the context of fluctuations in global geopolitics and the economy.
The GDP in the first 9 months of 2024 expanded by 6.82% compared to the same period in 2023. The GDP, based on 2010 constant prices, reached 4,472.22 trillion VND (around 180 billion USD).
In the first nine months of 2024, Vietnam's Gross Domestic Product (GDP) increased by 6.82% year-on-year, with a GDP growth rate of 7.4% in the third quarter. The socio-economic situation in the third quarter and the first nine months of the year continues to show positive trends, with various sectors gaining significant achievements, laying a foundation for further growth in the remainder of the year.
Ministry of Planning and Investment proposed a 7.6-8% economic expansion in the fourth quarter following positive results in the previous quarter, helping achieve and exceed the full-year target of 7% growth.
The Hong Kong-Shanghai Banking Corporation (HSBC) has raised its 2024 GDP growth forecast for Vietnam to 7% from 6.5% on stronger-than-expected growth in Q3 despite the devastation left by Super Typhoon Yagi.
HSBC experts highlight the strong appeal of business opportunities in ASEAN, with Vietnam standing out as a key bright spot.
Nearly 110,800 new enterprises with total registered capital of nearly 994.7 trillion VND (40.3 billion USD) were established in the first eight months of 2024, a year-on-year increases of 4.4% in the number of businesses and 0.7% in the capital, according to the General Statistics Office (GSO).
Vietnam's economy is expected to grow by 6.1 percent in 2024 and 6.5 percent in both 2025 and 2026, up from 5 percent last year, according to the latest Taking Stock report from the bank.
Vietnam is expected to maintain a trade surplus for the ninth consecutive year in 2024, given its export growth in the remainders of the year equal to that during January-July, according to experts.
Vietnam's economy is forecast to grow 6.1% in 2024, and 6.5% in both 2025 and 2026, up from 5% last year, the World Bank (WB) has said in a new report.
Vietnam’s economic growth is expected to pick up in 2024, driven by a rebound in manufactured exports and tourism, and recovering consumption and business investment, the World Bank (WB) said on August 26 in a new report.
Many bright spots were seen in the economic panorama in the first seven months of this year thanks to the Government’s continuous efforts to perfect the institution, remove difficulties for businesses, and promote economic growth.
Vietnam's index of industrial production (IIP) is continuing its positive growth pace in July, with an increase of 0.7% over June and 11.2% compared to the same period last year.
Vietnam recorded a trade surplus of 14.08 billion USD in the first seven months of this year, the General Statistics Office announced on July 29.