Vietnam’s macro economy remained stable in January 2025, with inflation under control and a balanced overall economy. The consumer price index rose 3.63% year-on-year; supply and demand for goods were stable, with no sudden price hikes or exploitation of artificial shortages for illegal gains.
The banking system operated safely and smoothly, meeting the demands of the Tet holiday period. State budget revenue reached 14% of the estimate, a 3.5% increase year-on-year. Import and export activities proceeded smoothly, with estimated trade turnover reaching 63.07 billion USD, and a trade surplus of 1.23 billion USD. Registered FDI capital exceeded 4.3 billion USD, a 48.6% increase year-on-year, while realized capital reached over 1.5 billion USD, a 2% increase.
Concurrently, production and business activities experienced positive growth. Agricultural production met the demands of the Tet holiday and export markets. The industrial production index rose 0.6% year-on-year due to fewer working days compared to the previous year. The service sector performed well, with total retail sales of goods and services consumption up 9.5% year-on-year.
– 19:00 07/02/2025
The Green Revolution: 2024 Sees a Stellar Rise in Agricultural Exports
2024 was a landmark year for Vietnam’s agricultural, forestry, and seafood exports, with a record turnover of 62.5 billion USD, an impressive 18.7% increase from 2023. This remarkable growth, the highest in two decades, was driven by strong performance across key agricultural products, including rice, coffee, fruits and vegetables, timber, cashew nuts, and seafood, all of which experienced significant increases.
The Top 10 Moments in Industry and Trade for 2024
Based on the votes from units under the Ministry of Industry and Trade and the industry’s press agencies, on December 23, 2024, the Ministry of Industry and Trade announced the top 10 standout events of the industry in 2024.
Shattering All Records, Vietnam’s Economy to Witness the Unprecedented
This result shattered the previous record set in 2022, showcasing an incredible feat and a new benchmark to aspire to.
VNDirect: Undervalued Securities Present Attractive Discounts; A Good Time to Accumulate for the Long Term
In the base-case scenario, VNDirect believes the VN-Index will hover around the 1,250–1,270 point mark by the end of this year.
Vietnam Achieves $24.31 Billion Trade Surplus in the Last 11 Months
According to the General Statistics Office, the total import and export turnover of goods in November reached a preliminary figure of $66.4 billion, a 4.1% decrease from the previous month. For the eleven-month period ending November 2024, the total import and export turnover of goods reached a preliminary value of $715.55 billion, reflecting a 15.4% increase compared to the same period last year. This growth was driven by a 14.4% rise in exports and a 16.4% surge in imports. The trade balance recorded a surplus of $24.31 billion during this period.
