Economy

Economic growth, people's lives are increasingly improved

HQ (according to Tin Tuc newspaper) January 29, 2025 06:28

95 years under the leadership of the Party, the revolutionary cause of the Vietnamese people has achieved great victories of historical and epochal significance, changing the lives of each person and the destiny of an entire nation.

Chú thích ảnh

From a small-scale, backward agricultural economy, Vietnam has transformed itself into a diversified economy with an increasingly large proportion of industry, trade and services and moved into a period of accelerating industrialization and modernization of the country. In particular, after nearly 40 years of innovation, opening up and integration (1986 to present), the country has achieved great, historic achievements, strong and comprehensive development. The scale and level of the economy have been raised.

People's material and spiritual lives have been significantly improved. In 2024, Vietnam basically exceeded all 15/15 main targets for socio-economic development. Vietnam's economy has affirmed a clear recovery, is a bright spot in growth and is among the group of high-growth countries in the world. GDP in 2024 is estimated to increase by 7.09% over the previous year, higher than the set growth target and only lower than the growth rates of 2018, 2019 and 2022 in the period 2011-2024. Vietnam's growth rate is assessed by the World Bank (WB), Asian Development Bank (ADB), International Monetary Fund (IMF) as being among the few high-growth countries in the region and the world and is highly appreciated by many international organizations.

HQ (according to Tin Tuc newspaper)
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Economic growth, people's lives are increasingly improved