Vietnam’s economy remains on a steady growth trajectory, with several positive indicators, including a rise in newly established businesses and strong growth in both domestic and foreign investment, according to the General Statistics Office’s report on Vietnam’s socio-economic performance for February and the first two months of 2025.
According to the General Statistics Office (GSO), Vietnam secured 38.23 billion USD in FDI last year, positioning itself among the top 15 developing countries for FDI inflows. Notably, the disbursement of FDI capital hit a record high of 25.35 billion USD, up 9.4% from the previous year. The influx has contributed significantly to Vietnam's position as a regional leader in economic growth.
Nguyen Thu Huong, General Director of the General Statistics Office, clarified the current socio-economic picture and response strategies in an interview granted to VietnamPlus.
To achieve the 8% economic growth this year, Deputy Minister of Planning and Investment Tran Quoc Phuong said comprehensive solutions across all sectors have been outlined in the Government’s Resolution 01.
According to Director of the GSO’s Industry and Construction Statistics Department Phi Thi Huong Nga, Vietnam could achieve breakthrough industrial growth in 2025 and beyond by leveraging its advantages and accelerating digital and green transformation as well as meeting the increasingly stringent requirements of the international market.
High consumption demand during the Lunar New Year holiday and the strong tourism recovery fuelled retail sales of consumer goods and services in January.
Price adjustments under the Ministry of Health’s Circular 21/2024/TT-BYT, coupled with soaring demand for medical examinations and treatment due to adverse weather, increased pharmaceutical and health service prices in January by 9.47% compared to the previous month.
Vietnam recorded a trade surplus of 3.03 billion USD in January, despite overall trade activity showing signs of contraction, according to data released by the General Statistics Office on February 6.
Tourism revenue in January is estimated at 5.1 trillion VND, up 17.3% compared to the same period last year, driven by high travel demand from both domestic and international holiday-makers on New Year occasion.
Vietnam’s tourism industry achieved a new milestone in January 2025, welcoming 2.1 million international visitors. This marks a 36.9% increase from the same period in 2024 and a 37.8% rise compared to January 2019.
Only 9% of households in Vietnam own a car, data from a mid-term population and housing survey for 2024 from the General Statistics Office (GSO) shows.
The positive socio-economic results of 2024 lay a crucial foundation for Vietnam to enter 2025, when the economy is expected to accelerate and achieve the highest goals outlined in the 5-year socio-economic development plan for the 2021-2025 period, according to General Director of the General Statistics Office (GSO) Nguyen Thi Huong.
Foreign direct investment (FDI) in the real estate sector for 2024 reached 3.72 billion USD, making up 18.8% of the total FDI that Vietnam attracted in the year, second only to the manufacturing sector, reported the General Statistics Office (GSO).
Total social investment in 2024, based on current prices, is estimated at 3.69 quadrillion VND (145.36 billion USD), an increase of 7.5% compared to 2023, signalling a positive recovery in production and business activities, reported the General Statistics Office (GSO).
Vietnam's total retail sales of consumer goods and services reached 6.39 quadrillion VND (251.87 billion USD) in 2024, marking a year-on-year increase of 9%, according to the General Statistics Office (GSO).
Vietnam's total trade revenue reached 786.29 billion USD in 2024, up 15.4% year-on-year, with a trade surplus of 24.77 billion USD, the General Statistics Office said at a press conference in Hanoi on January 6.
Industrial production recorded a growth rate of 8.4% in 2024 and this success promises to open up new opportunities for the Vietnam’s industrial sector in 2025.
The average monthly income of Vietnamese workers surged by 8.6 % annually to 7.7 million VND (approximately 304 USD) in 2024, according to a press conference held by the General Statistics Office (GSO) in Hanoi on January 6.
Vietnam’s consumer price index (CPI) in 2024 rose 3.63% year-on-year, meeting the target set by the National Assembly (NA), the General Statistics Office (GSO) reported on January 6.
