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.

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.

The size of Vietnam’s e-commerce market is estimated to have reached 20.5 billion USD in 2023, for growth of 25 percent compared to 2022. This demonstrates that e-commerce is increasingly asserting its position as a crucial component of Vietnam’s digital economy, driving economic development and leading digital transformation in businesses.

Business registrations continued to be a bright spot within the overall landscape of Vietnam’s economy in 2023, with nearly 160,000 new enterprises being established, an increase of 7.2% compared to 2022.

Vietnam continued its streak of trade surpluses in 2023, making it eight consecutive years, with an estimated 26 billion USD, or nearly triple the figure in 2022 and a new record.

Vietnam’s digital economy has played an important role in the country’s socio-economic development in recent times, and accounted for nearly 15% of GDP in the first half of this year, according to the Ministry of Information and Communications.

Vietnam’s CPI rose 3.12% in the January - July period, foreign direct investment rose 4.5% and foreign tourist arrivals rose 6.9-fold. The country posted a trade surplus of around 15.23 billion USD.

Vietnam’s Engineering Unit Rotation 2 left for Abyei on August 8 to carry out the peacekeeping mission of the UN Interim Security Force for Abyei. Members of the unit are fully prepared to conduct their assigned duties and responsibilities.

Vietnam’s total import-export turnover of goods hit 374.23 billion USD in the first seven months of this year, with the country posting a trade surplus of some 15.23 billion USD.

Vietnam’s durian exports totaled about 850 million USD in the first half of 2023, or double the figure in 2022, and are expected to reach 1.2-1.5 billion USD for the year as a whole.

Vietnam beat Myanmar 2-0 in the women’s football final at the 32nd SEA Games in Cambodia on May 15, becoming the first team in history to win the gold for the fourth time in a row.

Vietnam’s export-import value in the first four months of this year was estimated at 210.79 billion USD, down 13.6% year-on-year, with trade in surplus by 6.35 billion USD, the General Statistics Office has reported.

Vietnam’s national women’s football team has appeared in the top 5 of the Asian Football Confederation for the first time.

Vietnam has a population of more than 99 million people. Population growth has been effectively controlled over the years, with quality being improved in many different ways.

Vietnam’s Human Development Index (HDI) advanced to 0.706 in 2020 from 0.682 in 2016, enabling the country to join the High Human Development group, according to the General Statistics Office (GSO).

Vietnam’s consumer price index (CPI) in February was up 1.52% over the previous month and 0.7 percent year on year, according to the General Statistics Office (GSO).