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Vietnam's economy grew by 7.4 per cent YoY in Q3 2024, primarily driven by strong expansion of the manufacturing and processing sector, which grew by 11.41 per cent YoY.
CPI rose by 0.29 per cent month on month in September and 2.18 per cent YoY in Q3.
Foreign trade was estimated to be worth $578.5 billion in Q3—a YoY rise of 16.3 per cent. Exports rose by 15.4 per cent to $299.6 billion.

Vietnam’s economy grew by 7.4 per cent year on year (YoY) in the third quarter (Q3) this year, according to the general statistics office (GSO).

Its growth was primarily driven by strong expansion of the manufacturing and processing sector, with a growth of 11.41 per cent YoY in the quarter, said GSO general director Nguyen Thi Huong.

The country’s foreign trade was estimated to be worth $578.5 billion during the quarter—a YoY increase of 16.3 per cent. Exports rose by 15.4 per cent in value to $299.6 billion.

Nguyen is hopeful of Vietnam achieving its annual growth target of 6.5-7 per cent.

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