Business News

Vietnam is entering a period of strong transformation, led by the ongoing digital transformation revolution. The rapid booming of the Fourth Industrial Revolution has leveraged e-government, digital economy and digital society, and motivated comprehensive and sustainable development.

Recent adjustments to Việt Nam's economic growth forecasts from major financial institutions highlight growing confidence in the country's economic trajectory.

In 2024, Vietnam saw over 157,200 newly registered businesses and nearly 76,200 businesses resuming operation, bringing the total number of new and revived businesses to over 233,400, a 7.1% increase compared to 2023.

Việt Nam-China trade reached a new record of US$205.2 billion in 2024, marking a new milestone in two-way trade.

HCMC – The northern province of Bac Ninh emerged as Vietnam’s top destination for foreign direct investment (FDI) in 2024, attracting nearly US$5.12 billion, accounting for 13.4% of the national total, according to the General Statistics Office.

Viet Nam invested US$664.8 million in 190 overseas projects in 2024, up 57.7 percent in capital against the previous year, according to the Foreign Investment Agency (FIA).

Viet Nam pocketed over US$10 billion from seafood exports in 2024, sustaining its position as the world's third largest seafood exporter after China and Norway.

Vietnam ended 2024 on a strong note, as real GDP growth gained a further 7.55 per cent on-year in Q4, from a revised 7.43 per cent on year in Q3. This is well above the median consensus view of 6.7 per cent and the forecast of United Overseas Bank (UOB) at 5.2 per cent.