It cited a report by Dynam Capital Limited as saying Vietnam’s exports, particularly in computers, electronics, phones, machinery, and textiles, have seen significant growth, bolstered by strong performances across major markets such as China, the US, the Republic of Korea, Japan, and the EU.

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Public investment in the Southeast Asian nation also experienced an upturn, with 73.5% of the annual target disbursed by November, totaling 22.9 billion USD, a 2.4% increase from the previous year.

Despite the positive figures, the retail sector's growth pace remains slower than pre-Covid levels, although sectors like hospitality, food services, and tourism have contributed to healthy retail sales throughout 2024.

The Vietnamese government has approved a 67 billion USD high-speed railway project, which is expected to enhance connectivity between Hanoi and Ho Chi Minh City, significantly impacting economic growth and environmental sustainability.

According to the site, the amended Securities Law, approved by Vietnam's National Assembly on November 29, marks a significant milestone for the country's stock market.

It introduces provisions aimed at strengthening the responsibilities of issuers, advisory units, and auditors, which are expected to improve transparency and regulatory monitoring, thereby bolstering investor confidence and setting the stage for Vietnam to achieve emerging market status between 2025 and 2026, it said.

Looking ahead, Vietnam's economy is projected to grow between 6-8% in 2025, with the World Bank forecasting a 6.5% GDP increase and the International Monetary Fund expecting a 6.1% rise.

These projections are supported by strong external demand and sustained foreign direct investment, despite global economic uncertainties and shifting trade policies.

Seven commodities with export value of over 10 billion USD

Seven commodities of Vietnam posted an export value of over 10 billion USD in the first 10 months of this year, accounting for over 66.5% of the country's total export turnover.

Export turnover in 10 months is estimated at over 24.3 billion USD.

BAC GIANG - The export turnover in Bac Giang province reached more than 24.3 billion USD in 10 months, up 22.8% over the same period, reported the Department of Industry and Trade.

Vietnam's rice export turnover up 23.5% in nine months

Vietnam exported over 7 million tonnes of rice worth 4.37 billion USD in the first three quarters of 2024, up 9.2% in volume and 23.5% in value compared to the same period last year, the Ministry of Agriculture and Rural Development (MARD) has reported.

Budget revenue from import-export activities up 13.5%

State budget revenue from import-export activities in the first nine months of 2024 reached more than 306 trillion VND (12.4 billion USD), accounting for 81.7% of the set target and increasing 13.5% from the same period last year, the General Department of Vietnam Customs (GDVC) has reported.

Wood export target of 15.2 billion USD feasible, challenges remain

Despite market recovery, the wood industry needs to overcome formidable challenges to realise the export revenue target of 15.2 billion USD for the whole year, according to insiders.

Vietnam's rice export prices now highest worldwide

Vietnam's rice export prices have reached the highest levels globally, surpassing those of Thailand, Pakistan, and other major exporters, the Vietnam Food Association (VFA) has announced.