Vietnam's Economic Growth Highlights

In an impressive display of economic resilience, Vietnam's Q2 GDP growth has reached its highest in three years, second only to the 8.56% growth recorded in Q2 2022. This growth is part of a broader trend, with the first half of the year seeing a 7.52% increase, the highest in the 2011-2025 period.

Sector-Wise Growth

The industry and construction sectors remain the economy's backbone, with industry alone growing by 8.07%. Meanwhile, the services sector saw an 8.14% growth, the highest in the 2020-2025 period, fueled by a surge in foreign trade, transportation, and tourism.

Customers shop in a mall in Ho Chi Minh City in November 2024. Photo by VnExpress/Quynh Tran

Trade and Business Trends

Vietnam achieved a trade surplus of $7.63 billion in the first six months, with total trade turnover reaching $432 billion. The period also saw 152,700 businesses newly established or returning to the market, signaling confidence in Vietnam's economic prospects.

Challenges Ahead

Despite the positive indicators, achieving the 2025 growth target of over 8% remains a challenge. The General Statistics Office emphasizes the need for strategic policies to attract high-tech projects and multinational corporations to sustain growth.