[Infographic] Vietnam economic and social Overview 2024

Vietnam Economic and Social Overview 2024 highlights the country’s strong economic performance. GDP growth exceeded expectations, and macroeconomic stability remained intact. Despite global uncertainties, Vietnam maintained steady growth in agriculture, manufacturing, and services. These achievements reinforce its position as one of the fastest-growing economies in the region.

Key Economic Achievements in 2024

• GDP Growth: Vietnam’s GDP increased by 7.09%, surpassing previous years.
• Macroeconomic Stability: Inflation stayed at 3.63%, below the target threshold.
• Foreign Direct Investment (FDI): Reached a record-high of $25.35 billion, proving Vietnam’s attractiveness to global investors.
• Export-Import Performance: The total trade value hit $786.29 billion, with a trade surplus of $24.77 billion.
• Social Welfare Enhancements: The government launched large-scale support programs, allocating nearly $33.9 trillion VND for people in need and social security initiatives.

Vietnam’s success in balancing economic expansion with inflation control and social welfare policies has strengthened its global position. As foreign investment continues to rise, the country is expected to sustain this momentum into 2025.

Explore more insights in the detailed infographic below!

[Infographic] Vietnam Economic and Social Overview 2024

At PLF Law Firm

Vietnam’s economic landscape in 2024 presents significant opportunities for investors and businesses looking to expand. With strong GDP growth, a thriving export sector, and increasing foreign direct investment, Vietnam continues to be a promising destination.

At PLF Law Firm, we provide expert legal guidance to help investors navigate the complexities of doing business in Vietnam. From market entry strategies to corporate structuring, compliance, and M&A transactions, our experienced lawyers ensure your business operates smoothly and in full legal compliance.

If you are planning to invest or expand in Vietnam, our key expertise in Doing Business in Vietnam, Mergers & Acquisitions, and In-house Counsel will provide you with the best solutions.

📩 Contact PLF Law Firm today for expert legal advice on Doing Business in Vietnam via email at inquiry@plf.vn or call +84913 902 906. Connect with us on Zalo | Viber | WhatsApp for a Free Initial 30-Minute Consultation.