With first-half growth exceeding expectations, Vietnam now faces the tougher challenge of sustaining momentum while balancing investment, inflation, and financial stability.
The northern port city's growth momentum was primarily driven by industrial production, FDI attraction, export-import activities, and the services sector.
The city ranking 13th among Vietnam's 34 provinces and centrally governed cities and the fastest-growing locality in the country's South Central Coast region.
A notable highlight of the Government's new resolution is the requirement to continue managing fiscal policy in a "focused and targeted expansionary" direction to support economic growth.
Economic experts believe that for Vietnam to achieve double-digit growth in the coming years and attain high-income status by 2045, promoting the development of science and technology, innovation, and digital transformation is an urgent imperative.
Though results indicate a degree of recovery momentum in Q1 and March, ongoing global headwinds continue to pose concerns for Vietnam macro-economic situation.