Hong Kong daily spotlights Vietnam’s impressive growth
The Lianhe Zaobao daily in Hong Kong, China, on June 30 ran an article highlighting Vietnam’s impressive economic growth of 7.72% in the second quarter.
Vietnam has posted GDP growth of 7.72% in Q2 this year. (Photo: VNA)
Hong Kong (VNA) – The Lianhe Zaobao daily in HongKong, China, on June 30 ran an article highlighting Vietnam’s impressiveeconomic growth of 7.72% in the second quarter.
It wrote that with export and consumption recovery, theVietnamese economy rebounded strongly in Q2, with gross domestic product (GDP)increasing 7.72% year on year – the fastest pace in almost 11 years.
This is expected to boost the GDP growth in the first half of2022 to 6.42% from a year earlier, beyond the Government’s 5.5% expectation. Thecountry recorded a growth rate of only 2.04% in the same period last year.
Unveiling the statistics on June 29, the General StatisticsOffice (GSO) of Vietnam stressed that compared to other ASEAN members andcountries in the world, this is a relatively high growth rate, and that thecountry has also maintained macro-economic stability, according to Lianhe Zaobao.
The article noted since Vietnam gradually liftedanti-COVID-19 measures in late 2021, domestic industries and factories havecompletely resumed operations, driving the strong recovery of manufacturing andexport activities.
In H1, export turnover rose 17.3% year on year to 185.94 billion USD whileindustrial production was up 8.7%.
Meanwhile, Bloomberg said underpinning the recovery hasbeen the government’s 15 billion USD worth of fiscal stimulus, and aneasy monetary policy. That’s helped boost the competitiveness of the SoutheastAsian nation which is emerging as an attractive alternative destination forforeign investment.
The GSO also warned that Vietnam’s economy may face manychallenges in the latter half of the year such as inflation, global politicaluncertainties, and pandemic aftershocks.
A World Bank report released earlier this month recommendedthe country stay vigilant against inflation risks such as surging fuel and importprices which may hamper the recovery trend of domestic demand./.
The industrial production index posted a year-on-year rise of 8.3 percent in the first five months of 2022. Manufacturing and processing expanded 9.2 percent and phone components, which are the major industrial products in the reviewed period, surged 21.6 percent against the same period last year.
The World Bank (WB) released the June edition of its monthly Vietnam Macro Monitoring on June 13, highlighting that the economic recovery remained strong despite heightened global uncertainties.
The Singapore-based United Overseas Bank (UOB) has maintained its forecast for Vietnam’s GDP growth at 6.5 percent and core inflation rate at 3.7 percent of core inflation rate in 2022, but predicted that inflation may reach 5 percent in 2023 due to multiple risks and challenges.
Vietnam’s Gross Domestic Product (GDP) in the second quarter of this year was estimated to increase 7.72% year-on-year, higher than the growth rates in the same quarters during the 2011-2021 period, the General Statistics Office (GSO) reported at a press conference on June 29.
Vietnam’s consumer price index (CPI) in the January – June period rose by 2.44% year-on-year while its core inflation edged up 1.25%, the General Statistics Office (GSO) reported at a press conference on June 29.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
Vietnam has posted GDP growth of 7.72% in Q2 this year. (Photo: VNA) 
