Vietnam's economy continued to show resilience in November this year, as the trade surplus increased significantly along with import-export growth, while public investment also tended to increase.
Production activities at the centrifugal concrete pillar manufacturing workshop of a foreign direct investment (FDI) enterprise, Phu My 3 specialized industrial park, Phu My town, Ba Ria-Vung Tau province.
The US stock market, economic and financial data site investing.com assessed that Vietnam's economy continued to show resilience in November this year, when the trade surplus increased significantly along with import-export growth.
Exports, especially computers, electronics, telephones, machinery and textiles, grew well thanks to active activities in major markets such as China, the US, South Korea, Japan and the European Union (EU).
Public investment in Vietnam also tends to increase, by November 73.5% of the annual target had been disbursed, with a total of 22.9 billion USD, up 2.4% over the same period last year.
However, retail growth remained slower than pre-COVID-19 levels, although sectors such as accommodation, food and beverage services and tourism contributed to good retail sales throughout 2024.
The Vietnamese government has approved a high-speed railway project worth more than US$67 billion, which is expected to contribute to enhancing connectivity between the capital Hanoi and Ho Chi Minh City, significantly impacting economic growth and environmental sustainability.
The amended Securities Law passed by the Vietnamese National Assembly on November 29 marks an important milestone for the domestic stock market.
The law includes provisions to enhance the accountability of issuers, consultants and auditors, to improve transparency and regulatory oversight, thereby strengthening investor confidence and paving the way for Vietnam to achieve emerging market status in 2025-2026.
Vietnam's economy is expected to grow strongly by 2025, with the World Bank (WB) forecasting a 6.5% increase in Gross Domestic Product (GDP) and the International Monetary Fund (IMF) expecting a 6.1% increase.
These forecasts are underpinned by strong external demand and sustained foreign direct investment, despite global economic uncertainties and changes in trade policy./.
According to VNA
Source: https://baobinhduong.vn/trang-tin-kinh-te-my-kinh-te-viet-nam-dang-tren-da-phuc-hoi-tich-cuc-a338513.html
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