Vietnam's economy expanded 7.09% last year to $476.3 billion, faster than the 5.05% expansion in 2023, driven by strong exports and robust foreign investment inflows, government data showed on Monday.

The Singapore-based United Overseas Bank (UOB) has raised its GDP growth forecast for Vietnam in 2025 to 7%, up from the previous projection of 6%, given the strong momentum that carried over from last year and pricing in the potential downside from future trade conflicts under the US administration.

Despite facing numerous difficulties and the impact of Typhoon Yagi, the Vietnamese economy grew impressively by 7.09% last year, with the growth rate reaching an estimated figure of 7.55% in the fourth quarter of 2024,

Vietnam's gross domestic product grew 7.09% last year, greater than the 5.05% expansion in 2023, driven by strong exports and robust foreign investment inflows, government data showed on Monday. Vietnam's GDP grew 7.

VOV.VN - The Singapore-based United Overseas Bank (UOB) has revised its GDP growth forecast for Vietnam in 2025 to 7%, up from the previous projection of 6%, citing strong momentum from 2024 and factoring in potential risks from future trade conflicts under the US administration.

The Vietnamese economy demonstrated remarkable resilience in 2024 and was estimated to achieve a growth rate of 7.09% despite global uncertainties, General Director of the General Statistics Office (GSO) Nguyen Thi Huong said on January 6.