Vietnam's economy grew by 6.42% in the first six months of 2024, slightly lower than the figure of 6.58% in the same time of 2022 within the 2020-2024 period.
Vietnam's economy grew by 6.42% in the first six months of 2024, slightly lower than the figure of 6.58% in the same time of 2022, the General Statistics Office (GSO) announced at a press conference held recently in Hanoi.
In its most recent macro-economic updates about Vietnam, Standard Chartered Bank forecasts Vietnam’s Q2 GDP growth to moderate to a still-strong 5.3% year-on-year (from 5.7% in Q1).
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 national Halal conference in Hanoi on October 22 was the largest international event since the Prime Minister's Halal Project launch in February 2023. Aimed at guiding the development of Vietnam's Halal sector, the event highlighted opportunities for Vietnam to expand its role in the global Halal market and make the industry a key part of the national economy.
After more than half a century of diplomatic ties, Vietnam and Malaysia have continually enhanced their bilateral cooperation across a wide range of sectors, including politics, diplomacy, defense, security, economics, and cultural and people-to-people exchanges. The relationship has gained momentum particularly since the two countries upgraded their ties to a Strategic Partnership in 2015.
In recent years, substantial investments have been made in digital infrastructure, platforms, devices, and transformation technologies across government agencies to better serve the public and businesses. National and sector-specific databases have been actively developed, interconnected, and shared.
The 15th National Assembly on October 21 elected Politburo member Luong Cuong, standing member of the Party Central Committee’s Secretariat and 15th NA deputy as the President of the Socialist Republic of Vietnam for the 2021-2026 tenure.
The Business Confidence Index (BCI) report for Q3 2024, recently published by the European Chamber of Commerce in Vietnam (EuroCham), indicates positive signals in business sentiment, despite ongoing economic challenges stemming from the impacts of Typhoon Yagi and operational barriers for businesses in Vietnam.
Over the past 25 years, Hanoi has consistently advanced, reaching significant milestones. The city not only upholds its prestigious title but also actively promotes it, contributing to the capital's development in this era of global integration.
Vietnam has nine scientists ranked in the top 10,000 and 60 in the top 100,000 most cited researchers globally this year, according to a newly released list by academic publisher Elsevier.
For over 29 years since joining AIPO/AIPA (1995-2024), the National Assembly of Vietnam has actively proposed various initiatives to improve the effectiveness of regional inter-parliamentary cooperation. Vietnam's contributions to AIPA have solidified its role in inter-parliamentary forums, enhancing the country’s status, image, and prestige through parliamentary diplomacy.
Chairman of the National Assembly Tran Thanh Man will lead a high-ranking NA delegation to pay an official visit to Laos and attend the 45th General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA-45) from October 17-19. This is the legislative leader's first official visit to Laos in his new position, taking place just ahead of the AIPA-45 General Assembly, with Laos as the host nation. The visit aims to strengthen the special solidarity and expand parliamentary cooperation between Vietnam and Laos.
The GDP in the first 9 months of 2024 expanded by 6.82% compared to the same period in 2023. The GDP, based on 2010 constant prices, reached 4,472.22 trillion VND (around 180 billion USD).
In the first nine months of 2024, Vietnam's Gross Domestic Product (GDP) increased by 6.82% year-on-year, with a GDP growth rate of 7.4% in the third quarter. The socio-economic situation in the third quarter and the first nine months of the year continues to show positive trends, with various sectors gaining significant achievements, laying a foundation for further growth in the remainder of the year.
Once a war-torn city, Hanoi has transformed into a hub of dynamic growth and development. The capital's economy consistently achieves strong growth rates, contributing 16% to the national GDP and 19% to the overall state budget.
As of July 2024, Vietnam has 11 higher education institutions that meet international quality standards, accredited by five foreign organizations with various evaluation criteria.
Vietnam and China are neighboring countries with many similarities in culture, political systems, and development paths. Recently, with the joint efforts of both sides, the relationship between the two parties and the two countries has maintained a very positive momentum of development, achieving significant accomplishments in all areas.
Economic, trade, and investment cooperation has steadily progressed, emerging as key aspects of the Vietnam-China relationship in recent times.
Vietnam has launched a drive lasting 450 days and nights, pooling public strength to eradicate temporary and dilapidated housing nationwide by the end of 2025.
With its unique geographic significance, Hanoi proudly stands as the place where President Ho Chi Minh lived and worked the longest. It is also where he authored and proclaimed many of his influential works, now part of both Vietnamese and global history. Moreover, Hanoi is home to numerous landmarks that trace his legacy.
Over the past 70 years, Hanoi has evolved into one of Southeast Asia's key cities, characterized by rapid and sustainable economic growth. The capital, with its rich cultural heritage spanning a millennium, embodies the enduring spirit of the ancient Thang Long capital and the beauty of its landscapes. Today, it stands as a vital hub for showcasing and celebrating Vietnamese intellect.
Vietnam, guided by the principles of proactivity, positivity, and responsibility, has made significant contributions to ASEAN cooperation throughout its journey with the organization. These efforts exemplify Vietnam's consistent spirit of peace, harmony, and friendship, all aimed at fostering stability and mutual prosperity. The nation is always dedicated to building a strong and united ASEAN, enhancing its role and prestige at both regional and global stages.
On the occasion of the official visit to France by Party General Secretary and President To Lam on October 7, 2024, Vietnam and France issued a joint statement on upgrading their relations to a Comprehensive Strategic Partnership. As of October 2024, Vietnam has Comprehensive Strategic Partnership with eight countries.
