Vietnam Industrial 2H/2024

ECONOMIC OVERVIEW

In the first nine months of 2024, Viet Nam’s GDP grew by 6.8% year-on-year (YoY), reflecting continued positive socioeconomic developments across key sectors. The World Bank projects GDP growth of 6.1% in 2024 and 6.5% in 2025 and also 2026, up from 5% last year. Meanwhile, compared to other emerging countries, Viet Nam is expected to record the highest GDP growth between 2024 and 2035.

According to the Ministry of Planning and Investment (MPI), total foreign direct investment (FDI) capital in 9M/2024 reached US$24.8 billion, up 12% YoY. Newly registered FDI amounted to US$13.6 billion from 2,492 projects, which is an increase of 11.3% YoY.