Economy

The Vietnamese economy demonstrated remarkable resilience in 2024 and was estimated to achieve a growth rate of 7.09% despite global uncertainties.

Vietnam’s consumer price index (CPI) in 2024 rose 3.63% year-on-year, meeting the target set by the National Assembly (NA), the General Statistics Office (GSO) reported on January 6.

Leading global technology corporations are making strategic moves to shift supply chains, establish research centres, and expand investments in Vietnam.

In 2024, the socio-economic situation of Long An province had clear and positive recovery, basically achieving the set general goals with many important results in all fields.

Eight Vietnamese rice enterprises have been awarded 200,000 AUD (approximately 3.16 billion VND, or over 124,300 USD) for their efforts in reducing greenhouse gas emissions in rice production.

The Vietnamese Government has recently issued a decree, deciding to extend a reduction in value-added tax (VAT) until the end of June 2025.

There is less than a month left until the Lunar New Year of the snake 2025. At this time, flower gardeners in the province become busier, meticulously taking care of each plant, preparing and getting ready for the Tet market.

Vietnam’s agro-forestry-aquatic product exports see ample room for growth in 2025 after achieving a record high revenue of 62.5 billion USD in 2024, insiders have forecast.

Vietnam's economic prospects for 2025 are gaining momentum, bolstered by strong export growth, a rapidly expanding digital economy, and a robust e-commerce sector, according to analytics from prominent websites.

The Mekong Delta province of Vinh Long has surpassed the 1 billion USD mark in export earnings for the first time, driven by a surge in industrial production this year, according to its Department of Industry and Trade.

By the end of 2024, Long An's agricultural sector has achieved impressive and quite comprehensive results. In particular, the production value of many agricultural products increased, contributing to improving people's income.

Vietnam's footwear and leather industry is poised to achieve 26-27 billion USD in export in 2024, marking a 3 billion-USD increase from the previous year.