Wednesday, July 09, 2025
name of Prensa Latina
Bandera inglesa
English Edition
Search
Close this search box.
name of Prensa Latina

NEWS

NEWS

Vietnam achieves highest economic growth in nearly two decades

Hanoi, July 3 (Prensa Latina) Vietnam closed the first half of the year with a year-on-year economic growth preliminarily estimated at 7,31%, the highest achieved in nearly 20 years, Finance Minister Nguyen Van Thang announced here.

Between January and June, industry and construction registered an increase of 8,18% equald to the same period in 2024, while services grew by 7,83 percentage points and the agriculture, forestry, and fisheries sectors by 3,85, he explained.

Speaking at a regular government session, Van Thang also specified that, according to the forecast at the end of May, the gross domestic product (GDP) increase in the second quarter was estimated at 7,67%.

However, he said, the GDP growth rate for the first half of the year could be 0,2 to 0,3% higher than expected.

He emphasized that the first half of 2025 brought multiple difficulties and challenges, but despite this, with effort, determination, and firmness in meeting the objectives, fairly comprehensive socioeconomic development results and high growth were achieved, “bucking the trend” of the global economic crisis.

Many production and business targets and indixes improved each month and each quarter, maintaining macroeconomic stability, controlling inflation, and ensuring key balances, he said.

In particular, he noted, state budget revenues, attracting foreign direct investment (FDI), exports, business development, and commercial households all had many highlights, achieving their targets and fulfilling the requirements of the institutional revolution and structural reorganization.

jdt/arm/mem/mpm

LATEST NEWS
RELATED