Thông tấn xã Việt Nam
Business-Integration
Q1 2024: 51.3 million workers employed
Q1 2024: 51.3 million workers employed

51.3 million people in Vietnam aged 15 and above were employed during the first quarter of 2024, an increase of 174,100 compared to 2023, or 0.34 percent. The unemployment rate among the country’s working-age population has fallen by 2.24% compared to the same period last year.

Power capacity from renewable energy sources by 2030
Power capacity from renewable energy sources by 2030

In Decision No 262/QD-TTg dated April 1, 2024, the Prime Minister approved the implementation plan for the National Power Development Master Plan in the 2021-2030 period with a vision to 2050.

ADB maintains 2024 economic growth forecast for Vietnam
ADB 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.

Four commodities post Q1 export value of over 5 billion USD
Four commodities post Q1 export value of over 5 billion USD

The total export turnover of agricultural, forestry, and fisheries products in the first three months of 2024 is estimated to reach 13.53 billion USD, an increase of 21.8% compared to the same period of 2023.

CPI rises 3.77% in Q1
CPI rises 3.77% in Q1

Vietnam’s Consumer Price Index (CPI) increased 3.77% year-on-year in the first quarter of 2024 due to rising prices for domestic rice and services such as electricity, water, education and healthcare.

Added value of industrial sector up 6.18% in Q1
Added 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%.

Over 36,200 new enterprises established in Q1
Over 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.

Coconut output to top 2 million tonnes by 2030
Coconut 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.

Total export-import turnover hits 178.04 billion USD in Q1
Total export-import turnover hits 178.04 billion USD in Q1

Vietnam’s total export-import turnover hit 178.04 billion USD in the first quarter of this year, up 15.5% year-on-year. Exports increased by 17% and imports by 13.9%.

Vietnam’s economic performance in Q1, 2024
Vietnam’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.

Foreign tourist arrivals up 72% in Q1
Foreign tourist arrivals up 72% in Q1

Vietnam welcomed over 4.6 million foreign tourists in the first quarter of this year, up 72% year-on-year.

14 key banks in the 2024 banking system
14 key banks in the 2024 banking system

The State Bank of Vietnam has issued Decision No 538/QD-NHNN approving the addition of 14 banks in the group of credit institutions and foreign bank branches deemed systemically important in 2024.

GDP grows 5.66% in Q1
GDP grows 5.66% in Q1

Vietnam's gross domestic product (GDP) expanded by 5.66% in the first quarter of this year, the highest for the three-month period since 2020, according to the General Statistics Office (GSO).

Registered FDI in Vietnam tops 6.17 billion USD in Q1
Registered FDI in Vietnam tops 6.17 billion USD in Q1

As of March 20, total newly-registered, additional, and contributed capital and share purchases of foreign investors stood at more than 6.17 billion USD in 2024, a year-on-year increase of 13.4%.

Rice exports up nearly 50% in January-February
Rice exports up nearly 50% in January-February

The Ministry of Agriculture and Rural Development has reported that Vietnam’s rice exports hit 708 million USD in the first two months of 2024, an increase of nearly 50% compared to the same period last year. The figures promise a positive outlook for rice exports during 2024 as a whole, especially those to major markets.

Index of Industrial Production up 5.7% in January-February
Index of Industrial Production up 5.7% in January-February

Vietnam’s Index of Industrial Production (IIP) rose 5.7% year-on-year in the opening two months of 2024, according to the General Statistics Office of Vietnam.