(VOVWORLD) -Vietnam’s Gross Domestic Product (GDP) grew over 6.93% in the second quarter of 2024 and 6.42% in the first half of the year, the General Statistics Office announced on Saturday in Hanoi.
 The country's GDP in the second quarter of 2024 grew 6.93%. Illustration photo: VOV
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Vietnam's economic landscape in the first six months of the year had many bright spots, especially exports, creating a solid foundation for the growth target of about 6.5% for the whole year, according to the General Statistics Office.
In the first half, export turnover of goods was estimated at over 190 billion USD, up 14.5% over the same period last year. Foreign direct investment (FDI) registered in Vietnam as of June 20 reached over 15 billion USD, an increase of more than 13% against last year.
Nguyen Thi Huong, General Director of the General Statistics Office, suggested growth solutions in the second half of the year. “It’s necessary to connect supply and demand, stimulate domestic demand and maintain rising international demand. Those are the advantages."
"We need to harmoniously combine monetary policy and fiscal policy to ensure macroeconomic stability and effective use of resources, especially unlocking the State's available capital, which is public investment capital and put it into maximum implementation. Private capital and foreign investment capital must be mobilized in the near future,” she said.
In the first half of the year, international arrivals in Vietnam totaled more than 8.8 million, up 4% compared to 2019, before the COVID-19 pandemic, and 50% of the yearly target of 17-18 million. Vietnam's peak season is from October to April, so the end of the year will be the time for the tourism industry to create a breakthrough. The Republic of Korea remains Vietnam's largest market, followed by China, Taiwan (China), USA, Japan, Malaysia, Australia, India, and Cambodia.