Vietnam Recovery

In early Q2/2024, Vietnam's real estate market is steadily recovered, with the launch of numerous projects in different segments and impressive sales.

Such high economic growth reflects the economy’s strong recovery after a difficult period in 2020-2021.

The much-needed support from the Government has built trust among the business community and contributed to the overall socio-economic recovery during the first seven months of 2022.

The country is on track to reach a GDP growth of 6.8-7% this year.

Amid growing challenges of global food security, Vietnam would further enhance the exports of food and agricultural products.

The Government of New Zealand has presented nearly US$1.26 million from its Covid-19 response fund to support Vietnam’s recovery from the pandemic.

The country's inflation is expected to remain below the Government's 4% target.

The disbursement of approved FDI projects increased by 8.7% year-on-year in March, the fourth month of increase as post-Covid-19 lockdown constraints ease.

The ADB forecast the country’s GDP growth to be around 6.5% in 2022 and 6.7% in 2023, a significant improvement from a modest 2.58% attained in the previous year.

Vietnam Airlines is planning to resume international flights in the first half of 2022, which is considered a move to kickstart the airline’s recovery.