Insights

VIETNAM MACROECONOMIC PERFORMANCE, MAY 2024

In the first 5 months of the year, total foreign direct investment (FDI) reached more than 11.07 billion USD, up 2% over the same period in 2023; Implemented capital of foreign investment projects is estimated at about 8.25 billion USD, an increase of 7.8%. Along with that, the trade balance of goods is estimated at a trade surplus of 8.01 billion USD and businesses entering and re-entering the market for the first time exceed the number of withdrawals. Many macroeconomic indicators show that the economy is recovering clearly.
 

VIETNAM MACROECONOMIC PERFORMANCE, APRIL 2024

The socio-economic situation in April and the first 4 months of 2024 has improved in many fields. In particular, the production index of the entire industrial sector increased by 6%; State budget revenue reached over 43%; Nearly 53 thousand businesses registered for new establishment.

VIETNAM MACROECONOMIC PERFORMANCE, MARCH 2024

GDP in the first quarter of 2024 is estimated to increase by 5.66% over the same period last year, higher than the growth rate of the first quarter during the recent 4 years 2020-2023. Notably, industrial production continued to flourish, and vibrant trade and service activities pushed total retail sales of goods and consumer service revenue up 8.2%.

VIETNAM MACROECONOMIC PERFORMANCE, FEBRUARY 2024

The prolonged Lunar New Year holiday in Giap Thin 2024 has affected the results of production and business activities in some industries. Many macroeconomic indicators in February 2024 such as industrial production, new business registration, investment from the state budget, retail sales and goods exports all decreased.
 

VIETNAM MACROECONOMIC PERFORMANCE, JANUARY 2024

Although 2024 is still forecast to be the year Vietnam's economy faces many challenges and difficulties, with the proactive and drastic management of the Government, many solutions to promote the economy have been implemented. Macroeconomic indicators in January 2024 achieved positive results and are in a positive trend.

VIETNAM MACROECONOMIC PERFORMANCE, DECEMBER 2023

In 2023, Vietnam's economy will be affected by the world economic situation. The driving forces of the economy have not been as effective as in previous years, especially in the first half of the year. However, a more positive trend in the last months of the year has helped Vietnam's economic growth in 2023 reach 5.05% and be one of the high-growing economies in the region and the world... In which , the agricultural sector continues to be the foundation for the economy with growth reaching 3.83%; The commercial sector grew by 6.82% with some service sectors growing steadily while the industrial and construction sectors faced many difficulties with a growth rate of only 3.74%.

VIETNAM MACROECONOMIC PERFORMANCE, NOVEMBER 2023

Vietnam's economy in the first 11 months of 2023 will continue its recovery process, creating a foundation for stable development in the coming time. Agricultural production flourished, industry recovered, foreign direct investment (FDI) attraction increased, and import-export activities remained effective. Besides the bright spots, Vietnam's economy in the first 11 months of 2023 continues to face many difficulties and challenges.
 

VIETNAM MACROECONOMIC PERFORMANCE, OCTOBER 2023

Over the past 10 months, the economy has had many positive points. The industrial production index in October increased significantly compared to months from the beginning of the year; trade surplus of more than 24.6 billion USD within 10 months, higher than the same period last year of 9.56 billion USD; Disbursement of public investment capital reached more than 65% of the plan, an increase of nearly 23% over the same period last year... However, it is still very challenging to strive to achieve a GDP growth rate of 5-6% when the entire economy has only 2 months to strive.

VIETNAM MACROECONOMIC PERFORMANCE, SEPTEMBER 2023

There were more positive signs in the economic picture in September such as the recovery of industrial production in the third quarter, positive import-export turnover again, newly established business registration continued to increase... Accordingly, growth GDP in the fourth quarter of 2023 will be supported by the recovery momentum of the third quarter of 2023 even though challenges still lie ahead as the world economy still has many unpredictable fluctuations.

VIETNAM MACROECONOMIC PERFORMANCE, AUGUST 2023

The world context continues to face many difficulties and challenges when most economies in the world and the Asia-Pacific region have lower-than-expected growth rates. In the country, many solutions to remove difficulties, promote growth, maintain macroeconomic stability, major balances have been implemented such as reducing lending interest rates, promoting disbursement of investment capital, public tax, exemption, reduction, extension of taxes, fees, land use fees, business support...

VIETNAM MACROECONOMIC PERFORMANCE, JULY 2023

The increase in the prices of food, foodstuffs and electricity when the demand increases during the tourist season are the main reasons why the consumer price index (CPI) in July 2023 increased by 0.45% compared to the previous month.

VIETNAM MACROECONOMIC PERFORMANCE, JUNE 2023

GDP growth in the second quarter of 2023 and the first six months of the year was just above the bottom of the 2011-2023 period. However, in the context of the world economy experiencing many fluctuations, this is considered a positive result when the major balances of the economy are kept stable, inflation is under control.

Subscribe to NDTC's Newsletters

NDTC. CONSULTING

Subscribe and stay up to date with all the latest news and deals from us


NDTC. Consulting
E-brochure