Vietnam maintains macroeconomic stability to achieve 2025 growth target
(VOVWORLD) - The Vietnamese economy achieved an estimated growth rate of 7.09% despite global instability, said Nguyen Thi Huong, Director General of the General Statistics Office on Monday.
 GSO Director General Nguyen Thi Huong at the press conference to announce socio-economic data for the fourth quarter and the entire year of 2024 (Photo: mpi.gov.vn) |
At a press conference in Hanoi to announce socio-economic data for the fourth quarter and year, Huong said this growth rate will help Vietnam complete the goals of its socio-economic development plan for the 2021-2025 period.
Vietnam is an economic bright spot in the region and the globe with forecast growth higher than most other countries. The forecast was raised in the last months of the year when the economic context stabilized.
In 2024, industrial production recovered, increasing 8.32%. Commodity exports grew 14.3%. CPI for 2024 increased 3.63%, reaching the target set by the National Assembly. Foreign direct investment grew 10.6%, compared to 5.4% in 2023.
Huong said that Vietnam will continue to maintain macroeconomic stability, a firm foundation for achieving its growth targets this year and in the next few years.