Vietnam BIP Veränderung zum Vorjahr

Vietnam's GDP advanced 6.93% yoy in Q2 of 2024, accelerating from an upwardly revised 5.87% rise in Q1 while marking the 11th quarter of growth, flash data showed. It was also the strongest yearly expansion since Q3 of 2022, buoyed by robust exports (12.5%). By sector, services (7.06% vs 6.12% in Q1) and industry & construction (8.29% vs 6.28%) logged strong output. Meanwhile, the agriculture continued to rise (3.34% vs 3.42%). In H1 of 2024, the economy grew 6.42%, the second highest level for the period since 2020. The government targets the economy to grow around 6-6.5% in 2024 but is aware of some external risks. Meanwhile, the IMF projected a growth of 5.8%, citing strong overseas demand and resilient foreign investment. PM Pham Minh Chinh recently said Hanoi would stick to flexible policies to meet the GDP target, such as further cutting banks' lending rates, lowering fees, and bolstering public investment. Last year, the economy grew 5.05%, missing the official target of 6.5%.