Vietnam's Achievements in the first 10 months of 2024
According to the October government meeting, Vietnam's economic landscape showed notable progress across nearly all sectors, reflecting strong and consistent growth.
Economy
Vietnam’s economy continues a positive growth trend, with steady progress in agriculture, a strong industrial sector, and robust service expansion. Industrial output rose 8.3% over 10 months, while retail and consumer services saw an 8.5% increase. Inflation remains under control with CPI at 3.78%, and energy and food security are ensured. Exports increased significantly, resulting in a trade surplus. Tourism rebounded, public revenue grew, and FDI reached record highs. Business formation also improved, with many new enterprises established or returning to activity.
Culture - Society
Vietnam has emphasized cultural and social welfare, with support for citizens and stable incomes reported by most households. Administrative reforms, digital transformation, and anti-corruption efforts have been advanced. Political stability, national security, and international relations have strengthened, with Vietnam signing a Comprehensive Economic Partnership Agreement (CEPA) with the UAE, enhancing its global standing.
Associate Professor Dr. Nguyễn Thường Lạc from the National Economics University notes that positive economic indicators can serve as a foundation for attracting foreign investment into Vietnam. The final two months of the year will be crucial in potentially achieving historic milestones in Vietnam's development during the renovation period.
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