Despite recording a third consecutive month with international arrivals surpassing 2 million, Vietnam’s tourism industry is facing fresh challenges in 2026 as Middle East tensions and rising fuel prices push up airfares and operating costs.
Prime Minister Pham Minh Chinh on July 6 ordered efforts be made to achieve an economic growth rate of 6.5 - 7% in the third quarter to secure the best possible results for the entire 2024.
The country's economic growth this year is projected to reach below 6%, according to Dr. Nguyen Quoc Viet, vice director of the Vietnam Institute for Economic and Policy Research (VEPR).
Prime Minister Pham Minh Chinh has requested ministries, sectors, and localities to consistently implement priorities for growth linked with macroeconomic stability, controlling inflation, and ensuring major balances of the national economy, said Minister-Chairman of the Government Office Tran Van Son at the regular Government press conference on March 2.
Prime Minister Pham Minh Chinh has asked the Commission for Management of State Capital at Enterprises (CMSC) to build and implement future development strategies for State-owned groups and corporations under its management, with a view to better clarifying their role in leading, motivating and promoting the growth of other economic sectors.
Party General Secretary Nguyen Phu Trong has highlighted Vietnam’s achievements in 2022 and their impacts on the country's growth in 2023.
The domestic paper industry has achieved good growth in the past five years and expects to maintain the momentum until 2025 driven by demand for tissue and packaging paper, according to the industry business group.
Vietnam’s fruit and vegetable exports in July recorded growth for the second consecutive month, increasing 0.3% to US$260 million over June thanks to positive signs recorded in China, the country’s largest export market.
Vietnam recorded high export growth to the United States, the EU, and the Republic of Korea (RoK) during the past seven months of the year, according to data compiled by the General Statistics Office (GSO).
The Vietnamese economy is anticipated to enjoy positive growth of roughly 6% this year, while inflation is forecast to be at between 4% and 4.5%, according to financial experts.
PSNews - Recently, the Ministry of Trade and Industry announced that, by the end of April the nation’s export turnover recorded high growth of 16.4% year-on-year to reach US$122.48 billion.
The country ranked fifth in terms of shrimp exports to the United States last year, with the nation being among one of the shrimp suppliers to this market to enjoy positive growth.
The Vietnam Briefing of Dezan Shira & Associates group published an article on December 31 stating that foreign investors continue to be confident about the local economy’s growth prospects ahead in 2022, despite the negative impact of the COVID-19 pandemic.
Vietnam’s GDP growth rate is unlikely to achieve the target of between 6% and 6.3% set for this year due to the impact of the fourth wave of COVID-19 infections across the country, according to industry insiders.
Vietnam’s electronics industry is still growing despite the impact of the COVID-19 pandemic, said an article published on newswire entrepreneur.com.
