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Vietnam to surpass Q1 GDP growth in Q2, says PM

Vietnamese Prime Minister Pham Minh Chinh announced at the World Economic Forum in China that Vietnam’s GDP growth for the second quarter is expected to exceed the first quarter’s 5.66% annual rate. Vietnam, a key regional industrial hub, aims for a GDP growth rate of 6.0%-6.5% this year, an increase from last year’s 5.05%. To sustain growth and avoid power shortages, which affected last year’s performance, the government is upgrading power infrastructure and emphasising clean energy, including new policies for solar and LNG power. Additionally, Vietnam will maintain a flexible monetary policy, aiming to reduce bank lending rates and boost public investment, aligning with global economic trends and local conditions.


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