Vietnam's economic growth in Q2 2024 likely to hit 6.2%: Top official

27 Jun '24

1 min read

Vietnam's economic growth in Q2 2024 likely to hit 6.2%: Top official

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Vietnam's economic growth in Q2 2024 and June are likely to reach 6.2 per cent and 6 per cent respectively, backed by strong allocation of resources for major projects, especially in transport and energy infrastructure, a top official has said.
Progress has also been made in administrative reforms and improving business and investment environments, he added.

Vietnam’s economic growth in the second quarter (Q2) this year and June are likely to reach 6.2 per cent and 6 per cent respectively, backed by strong allocation of resources for major projects, especially in transport and energy infrastructure, according to Nguyen Duc Tam, director of the department for national economic issues under the ministry of planning and investment (MPI).

About 2,000 km of expressway have been put into operation till now, and the figure is expected to reach about 3,000 km by next year, he said.

Progress has also been made in the completion of institutions, administrative reforms and improvement of business and investment environments, the official was quoted as saying by a domestic news agency.

The Prime Minister has issued all six regional master plans, along with investment promotion activities.

In the first five months this year, about $8.25 billion worth foreign direct investment was disbursed—up by 7.8 per cent year on year (YoY), while the newly-registered capital amount was over $7.9 billion, a surge of 50.8 per cent YoY, Tam added.

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