Accelerating 2024 GDP growth may hit 7% in Vietnam; industrial and construction sectors to drive expansion

Strong economy: A farmer picks coffee cherries at a farm in Di Linh district. The International Monetary Fund has forecast Vietnam’s GDP to expand 6% this year, up from 5% in 2023 – a pace that would make it among Asia’s fastest growing economies. — Reuters

HANOI: Vietnam’s economic growth is accelerating and could meet or exceed the government’s 6.5% target this year, according to Planning and Investment Minister Nguyen Chi Dung.

The minister said economic expansion may even reach 7% this year as improving industrial and construction sectors drive growth, according to a statement on the government’s website citing officials.