Brian Jeffrey
Minister Nguyen Chi Dung expressed optimism about the economic performance, attributing it to the commitment to surpass the National Assembly’s 2024 objectives. The Ministry of Planning and Investment focused on creating and finalizing essential policies and laws, with 98 development plans approved.
During the first half of 2024, there was a notable 6.1 percent increase in newly registered businesses, totaling 80,482 entities. The General Statistics Office reported a robust GDP growth rate of 6.93 percent in the second quarter, surpassing projections by leading international organizations.
This growth rate marked the highest in 13 years, indicating substantial progress. The country’s GDP expanded by 6.42 percent in the first half of the year, with significant growth rates in various sectors.
Foreign direct investment (FDI) inflows showed positive signs, with total registered capital amounting to $15.2 billion, a 13.1 percent increase. Newly registered capital surged by 46.9 percent, emphasizing Vietnam’s attractiveness to investors.
HaiPhong emerged as a leading FDI destination, securing an additional $1.5 billion during the first half of the year. Furthermore, the city accommodated numerous digital firms and SMEs utilizing digital platforms efficiently.
In the upcoming months, the focus will be on implementing new policies, strategizing for sustainable development, and ensuring effective public investment. Minister Dung underscored the importance of boosting public investment disbursement and enhancing the legal framework in this area.
