Search for "GDP"

Thanks to the efforts of the political system, the people, businesses, and international friends, Vietnam has achieved significant and comprehensive results across all sectors.

Along with the 6% forecast for Q2, UOB maintains Vietnam’s annual growth forecast at 6% for the year.

Many of the banking industry's digital transformation goals for 2025 are on track to be met or exceeded.

This represents the highest growth rate for the same three-month period compared to the years 2020 through 2023.

The outlook for the beginning of this year is expected to be more positive than in the first quarter of 2023 when GDP grew by 3.32%.

The power utility plans to launch 34 power projects and commission 63 others this year, with an estimated construction investment of VND20.4 trillion (US$837.6 million).

The target stays in line with the Government’s earlier projections reported to the National Assembly in October.

The Vietnamese government has set a goal for the development of cultural industries to contribute 7% to GDP by 2030.

The target underscores the Government's commitment to fostering sustainable economic and social development.

The Government is prioritizing solutions to boost three main sources of growth: investment, consumption, and exports.

Lower-than-expected growth in advanced economies and China could reduce external demand for Vietnamese exports.

The country’s economic growth hit 5.33% year-on-year in the third quarter.

Fiscal policy can have a greater role in support of economic growth and the poorest and most vulnerable.

The services sector has been a driver of economic support, with policies aimed at stimulating domestic consumption and promoting tourism to sustain growth in this sector.

Vietnam's economic growth began to weaken in late 2022 and continued into early 2023, resulting in GDP growth of only 3.32% in the first quarter.

Structural reforms would be key for Vietnam to mitigate the impact of geopolitical uncertainties and supply chain disruptions.