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.

VOV.VN - HSBC had raised its forecast for Vietnam’s GDP growth for this year to 6.5% and maintained its growth projection for next year at 6.5%, according to its latest report “Vietnam at a glance: Bring it all back”.

Cultural industries, still having much room to develop and contribute more to the national economy, are being considered an important resource to be maximised to boost the GDP growth.

The ASEAN+3 Macroeconomic Research Office (AMRO) revised Vietnam’s economic growth forecast upward to 6.3% for 2024 in its latest update released on July 16.

VOV.VN - The Ministry of Planning and Investment (MPI) has revised two scenarios for Vietnamese economic growth this year after recording a high growth rate of 6.42% during the first half of the year, with high hopes of securing a 7% rate by the end of the year.

Credit growth has accelerating since the beginning of June, signaling that the 15% growth target is achievable, if the rate is maintained in the remaining months of this year.

Vietnam's economy is experiencing a surge, fueled by strong export and industrial production, according to a series of reports from international organisations.