Economic Growth in Vietnam

HANOI (Reuters) – Vietnam aims for an economic expansion of 7.6% to 8% in the last quarter of 2024 while maintaining a full-year target of 7% growth. This announcement follows positive results from the third quarter, as stated by the planning minister.

In the third quarter, gross domestic product (GDP) grew 7.4% year-on-year, exceeding the revised 7.09% growth of the second quarter. This growth occurred despite challenges posed by natural disasters in the previous month.