Despite numerous difficulties and challenges from complicated and unpredictable global developments over the first seven months of this year, Vietnam's economy continued to record positive outcomes thanks to the effective implementation of the Government's resolutions to promote growth.

Vietnam's economy grew by 6.42% in the first six months of 2024, slightly lower than the figure of 6.58% in the same time of 2022 within the 2020-2024 period.

Vietnam's economy grew by 6.42% in the first six months of 2024, slightly lower than the figure of 6.58% in the same time of 2022 within the 2020-2024 period, according to the General Statistics Office.

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.

As 2023 is nearing its end, the Vietnam News Agency has selected the top 10 events shaping the country in the year.

Under resolutions issued by the National Assembly and the Government, Vietnam strives to gain an economic growth of 6.5% for 2023.

Under the National Master Plan for the 2021-2030 period with a vision to 2050, Vietnam is set to become a developing nation with modern industry, high average incomes, and economic growth by 2030, based on science and technology, innovation, and digital transformation.

Industrial production’s added value in 2022 rose 7.69%, according to the General Statistics Office.

The index of industrial production in the first quarter continued to flourish with a year-on-year increase of 7.07 percent, the General Statistics Office said.

Foreign direct investment plays an important role in Vietnam's economic growth.

Despite being affected by COVID-19 in 2020,all three areas of agriculture, forestry and fisheries; industry and construction; services still achieved higher growth rate compared to 2019.

Vietnam has seen record trade surplus of 20.1 billion USD in the first 11 months of 2020.

Estimated actual performance of socio-economic targets set for 2020

Hanoi is among major economic hubs of Vietnam.

Industry, construction sectors record highest growth rate in the first nine months of 2020.

Vietnam’s GDP increased 1.81 percent year-on-year during the first six months of 2020, the lowest half-year growth pace since 2011.