VOV.VN - The first half of the year witnessed Vietnam's economic growth recover, especially that of Ho Chi Minh City, despite being affected by difficulties, risks of instability in the global economy, challenges in terms of capital, issues in consumption markets, and policies that impacted the running of firms.

VOV.VN - The Vietnamese economy maintained its upward trajectory in the first half of the year, with its growth expanding by 6.93% in the second quarter of the year, helping to raise its first-half growth to 6.42%, reported the General Statistics Office (GSO).

VOV.VN - The rebound in consumption demand in many countries globally indicates positive signs ahead for Vietnamese exports, contributing to accelerating Vietnamese economic growth at about 6% this year, according to insiders.

Vietnam has been one of the most promising markets for Moscow firms thanks to the country’s rapid economic growth and high population density.

Vietnam’s economic growth in the second quarter of 2024 and June are likely to reach 6.2% and 6% respectively as set by the Government, said Nguyen Duc Tam, Director of the Department for National Economic Issues under the Ministry of Planning and Investment (MPI).

Vietnam is expected to see robust growth in the next 5 -10 years, opening more investment opportunities for foreign investors, including ones from Singapore, in all sectors, said insiders.

Vietnam’s 2024 economic growth target of 6.5% is challenging, with weak consumption demand and exchange rate risks, so signals a pressing need for hastening energy transition towards a green economy, a conference to launch the Vietnam Annual Economic Report 2024 heard.

Singapore-based United Overseas Bank (UOB) has projected the economic growth rate of Vietnam at 6% for the second quarter of this year and for the full year on increasing chip-making demand, the recovery of Chinese and regional economies, as well as ongoing supply chain shifts.

The gross domestic product (GDP) growth of six ASEAN countries - Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam - will recover to 4.5% and 4.7% in 2024 and 2025, respectively, from 4% in 2023, according to Maybank Research Pte Ltd forecast.

Vietnam has set its sights even higher, aiming to become a high-income country by 2045 and a decarbonised economy by 2050 — ambitious goals that demand innovation and strategic visions.