Despite challenges, Vietnam recorded positive econnomic signals during the first five months of 2025 as the Government stays steadfast in the growth target of over 8% this year and double-digit expansion beyond.
Its Consumer Price Index (CPI) increased by 4.27% in the first five months, impacting residents' budgets, according to a report by the city’s Statistics Office.
Hanoi recorded strong performance in five-month revenue from domestic sources, which reached 346.9 trillion VND to account for 73.2% of the annual target and mark a 55.4% year-on-year increase.
The Index of Industrial Production (IIP) in the first quarter of 2025 is estimated to increase by 7.8% compared to the same period last year, with the processing and manufacturing sector growing by 9.5%, continuing to be the main driving force of economic growth.
Businesses now play an increasingly vital role in socio-economic development, contributing about 60% of the national GDP, accounting for 98% of the country’s total export revenue, and generating jobs for some 85% of the workforce nationwide.
New industrial projects are expected to contribute about 5 trillion VND (197 million USD) to the industrial production value of the southern province of Ba Ria - Vung Tau in 2025, according to the provincial Department of Industry and Trade.
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.
Thailand's economy improved in October due to tourism, exports and private consumption, which was helped by the government's economic stimulus measures, according to the Bank of Thailand (BoT).
The practical application of 5G in the world as well as in Vietnam shows that this technology will be the main driving force for digital transformation and economic development in the future.
Many positive signs have been recorded in foreign trade, investment attraction, industrial production, and purchasing power during the first nine months of 2024, enhancing the confidence that this year’s GDP growth target of 7% is within reach.
Vietnam’s economy has recovered quickly despite external uncertainties and extensive damage caused by Typhoon Yagi, which has greatly affected all socio-economic activities and people’s lives.
HSBC has lifted its 2024 gross domestic product (GDP) growth forecast for Vietnam to 7.0% from 6.5% after the country recorded stronger-than-expected growth in Q3 despite the devastation left by Typhoon Yagi.
Over the past years, Lai Chau’s efforts to encourage industrial expansion have helped the northern province promote its advantages in terms of materials and workforce, creating high-quality products with high value.
Ho Chi Minh City’s Index of Industrial Production (IIP) increased by 6.9% year-on-year in the first nine months of this year, the municipal Department of Industry and Trade has reported.
Hanoi’s gross regional domestic product (GRDP) in the first nine months of 2024 increased 6.12% compared to the same period last year, the Hanoi Statistic Office announced on October 3.
Vietnam’s index of industrial production (IIP) saw a year-on-year increase of 8.8% over the past eight months, extending the recovery of the sector, the General Statistics Office (GSO) has reported.
The northern city of Hai Phong recorded a year-on-year rise of 15.01% in the index of industrial production (IIP) during the first seven months of 2024, a fast pace compared to some other localities, statistics show.
Prime Minister Pham Minh Chinh chaired a meeting on Ho Chi Minh City’s socio-economic development and implementation of the National Assembly’s Resolution 98 on piloting some specific mechanisms and policies for the city’s development on August 10 in the southern metropolis.
Vietnam's index of industrial production (IIP) is continuing its positive growth pace in July, with an increase of 0.7% over June and 11.2% compared to the same period last year.
In the first six months of this year, industrial production nationwide continued its positive recovery trend, increasing by 7.7% compared to the same period last year.
