Vietnam's economy shows signs of recovery in H1
As Vietnam reaches the midpoint of 2024, experts and businesses are offering optimistic assessments of the country's economic performance over the past six months.
The industrial sector has shown robust recovery with many businesses surpassing expectations, despite initial concerns earlier this year.
According to the Ministry of Industry and Trade, industrial production grew by 7.1% in the first half of this year. Foreign direct investment inflows increased significantly by 13% to 15.2 billion USD, with disbursed capital reaching 10.84 billion USD, an 8.2% rise.
Export performance remained a cornerstone of Vietnam's economic growth, reaching 188.97 billion USD, a 13.8% increase, while Vietnam recorded a trade surplus of 8.4 billion USD.
With the 5.66% growth achieved in the first quarter, forecasts suggest that growth in the second quarter will be even stronger. Annual growth rates are forecast to range between 6% and 6.5% by year-end./.
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