Vietnam's gross domestic product (GDP) expanded by about 7.4% in the third quarter and 6.82% during the first nine months of 2024 compared to the respective periods of last year, the General Statistics Office (GSO) reported on October 6.

VOV.VN - Vietnam’s GDP growth in the third quarter of the year is projected to moderate to 5.1% compared to 6.9% recorded in the second quarter amid September’s inflation likely slowing down, according to Standard Chartered Bank’s recent macro-economic update about Vietnam.

The Government is striving to register an economic growth rate of 7% for the whole year, higher than the National Assembly (NA)’s target of 6-6.5%.

International organisations have maintained their robust growth forecasts for Vietnam this year as the economy has bounced back strongly despite external uncertainties and extensive damage caused by Typhoon Yagi.

VOV.VN - With the potential upside risks offsetting the temporary economic disruptions caused by typhoon Yagi, the Vietnamese economy is projected to grow by 6.5% for both 2024 and ahead to 2025, according to the latest report "Asian Economics Quarterly - Coming for a landing” released on September 30 by HSBC.

VOV.VN - The Asian Development Bank (ADB) has maintained a positive economic outlook for Vietnam, forecasting its GDP growth at 6.0% this year and 6.2% next year, according to the Asian Development Outlook (ADO) September released on September 24.

The Vietnam Oil and Gas Group (Petrovietnam) enjoyed strong business expansion in the first eight months of this year thanks to the firm’s efforts to seek new solutions for expansion.

The Ministry of Planning and Investment recently presented to the Government three economic growth trajectories for 2025, with the highest rate forecast at 7.5%.

The Southeast Asian economies remain steadfastly resilient and delivered credible economic growth in the second quarter of 2024, with Vietnam and the Philippines continuing as the region’s top two performing economies, growing at 6.9% and 6.3%, respectively, according to McKinsey & Company, a US multinational strategy and management consulting firm.

Vietnam could reach the GDP growth target of 6-6.5% set by the National Assembly on the back of strong investment, export, and consumption, according to experts.