GDP GROWTH BEATS FORECASTS TO REACH 7.09 PER CENT IN 2024
Vietnam's gross domestic product (GDP) grew 7.09 per cent in 2024, surpassing the growth target of 6.5 per cent for the full year, according to the General Statistics Office (GSO) on January 6.
FDI DISBURSEMENTS AT RECORD HIGH IN 2024
Vietnam’s foreign direct investment (FDI) disbursements hit a record high of US$25.35 billion in 2024, a 9.4% increase compared to the previous year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
VIETNAM'S EXPORTS BRIGHT SPOT OF 2024
In 2024, despite global uncertainties, Vietnam's exports remain a bright spot thanks to measures addressing challenges, supporting production, promoting trade and expanding markets. Recognized as one of the fastest-growing exporters from 2019-2023, Vietnam ranks 23rd among the world's top 30 exporting economies, according to the WTO. The Sputnik has also hailed Vietnam as the "economic star" of the Asia-Pacific region.
SMALL AND MEDIUM-SIZED ENTERPRISES FOCUS ON CSR PRACTICES
SMEs now account for over 95 per cent of the total enterprises in Việt Nam. They also recruit 51 per cent of the social workforce, contributing more than 40 per cent of GDP and 30 per cent of total state budget revenue.
TOTAL FDI REGISTERED IN VIETNAM HITS 31.4 BILLION USD IN JANUARY-NOVEMBER
As of November 30, 2024, the total newly registered capital, adjusted capital, and capital contributions or share purchases by foreign investors in Vietnam reached nearly 31.4 billion USD, up 1% increase compared to the same period last year.
FOOTWEAR INDUSTRY SET TO GAIN $27 BILLION IN EXPORT THIS YEAR
Việt Nam's footwear and leather industry is poised to achieve US$26-27 billion in export in 2024, marking a $3 billion increase from the previous year, as they country has well capitalised on the signed free trade agreements to bolster shipment, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso).
VIETNAM’S REAL ESTATE MARKET ON A PATH TO RECOVERY
Despite these difficulties, housing demand remains robust, with a healthy absorption rate reflecting strong growth in mortgage activities. This trend signals recovery, especially in buyer confidence. One of the pivotal factors driving the gradual recovery of the real estate market in 2024 was the introduction and implementation of over 20 circulars and decrees in Q3 and Q4 this year.
FOCUS ON DEVELOPING KEY INDUSTRIES
Based on the Provincial Planning, Ben Tre is determined to develop industry both intensively and extensively. At the same time, the province promotes the development of coconut, seafood, energy, supporting and other potential industries into key industries.
