Vietnam Gdp Growth

The industrial sector continues to be a primary driver of growth, with external demand for major electronics fueling production.

Small and medium-sized enterprises currently make up 98% of all businesses nationwide, contributing around 50% of GDP and 35% of the total annual state budget revenues.

Vietnam’s Q2 GDP growth surged to 6.9%, the highest in two years and well above market expectations of 6%.

The economic growth rate of 6.93% in the second quarter is the second highest in the past five years.

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.

The Southeast Asian market is growing faster than many other regions worldwide.

Given the overall 6% growth projection for the year, the 5.7% growth in Q1 is positive as Vietnam tends to see an upward growth trend in the coming quarters and throughout the year.

GDP growth in the first quarter reached 5.66%, the highest since 2020.

The Government is expected to continue promoting the new pillars of the green economy and sustainable growth for a rapid and sustainable recovery.