Recent forecasts are optimistic about the Vietnamese economy in 2024, with the gross domestic product (GDP) growth rate poised to reach around 7 per cent for the full year, higher than the National Assembly’s target set at 6.5 per cent.
The Vietnamese economy has recovered in the first four months of this year with main growth drivers, including production and export, showing positive signs. However, there are persistent uncertainties ahead.
Positive inflows of foreign direct investment (FDI) and remittances, a sustained trade surplus, recoveries in domestic consumption, and continued fiscal stimulus characterised by substantial public investment are seen as key to boosting growth in 2024.
The economy of Việt Nam is going through a dynamic shift, marked by robust growth and the development of several key trends supporting a stronger looking future, according to an article recently published by the Hong Kong-based news site asianinsiders.com.
In the first two months, export totaled $58 billion, up 17.6 per cent against the same period last year. Import was up 17.7 per cent to reach $54.4 billion.
In 2022, Viet Nam has emerged as a stronger, more resilient economy. It recovered strongly from the low "base" two years ago to shine a light in a world of challenges and uncertainties.
On the eve of the New Year, Viet Nam News Agency spoke with Minister of Industry and Trade Nguyen Hong Dien about difficulties which hit the economy and businesses in 2022 and new directions to momentum for boosting production and...
The Vietnamese economy grew by 7.7 per cent in the second quarter, one of the fastest rates in a decade, and is expected to expand even faster this quarter, driven by an ongoing burst of consumption.
Although the Vietnamese economy is expected to recover faster in the second half of 2022, various risks still lie ahead, adding uncertainty to the recovery.