Vietnam's global import-export ranking can be improved
According to the General Department of Customs, Vietnam's import and export turnover reached 700 billion USD (As of mid-December 2022). It is notable that Vietnam surpassed developed countries in the region to rank second in ASEAN.
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InfographicADB maintains 2024 economic growth forecast for Vietnam
In its April 2024 Asian Development Outlook (ADO) report, the Asian Development Bank (ADB) has maintained its earlier forecast for Vietnam’s economic growth this year, despite ongoing uncertainties from the external environment. Vietnam’s economy is expected to achieve a growth rate of 6.0% in 2024 and 6.2% in 2025.
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Business
InfographicAdded value of industrial sector up 6.18% in Q1
Vietnam’s industrial sector posted significant growth in the first quarter of 2024, of an estimated 6.18% compared to the first quarter of 2023. In particular, manufacturing and processing saw robust growth of 6.98%.
Business
InfographicOver 36,200 new enterprises established in Q1
A total of 36,244 new enterprises were set up in the first quarter of this year with combined registered capital of 332.2 trillion VND (13.3 billion USD), up 6.9% in number and 7% in capital.
Business
InfographicVietnam - China two-way trade
China has long been Vietnam’s largest trading partner, with two-way trade consistently exceeding 100 billion USD since 2018. Trade between the two neighbours reached 171.85 billion USD last year.
Business
InfographicCoconut output to top 2 million tonnes by 2030
Coconuts have been designated one of the six primary national industrial crops by the Ministry of Agriculture and Rural Development. It is projected that the country’s coconut cultivation area will expand to 195,000-210,000 hectares by 2030, resulting in a substantial harvest of over 2 million tonnes.
Business
InfographicVietnam’s economic performance in Q1, 2024
Figures from the General Statistics Office show that Vietnam’s economy is experiencing a strong recovery during the first quarter of 2024. GDP growth is higher than in the first quarter in the 2020-2023 period, while tourism is booming and an impressive trade surplus has been posted.
