Vietnam’s accelerating economic growth could hit 7% this year

Vietnam's economic expansion may even reach 7% this year as improving industrial and construction sectors drive growth. - Reuters

HANOI: Vietnam’s economic growth is accelerating and could meet or exceed the government’s 6.5% target this year, Planning and Investment Minister Nguyen Chi Dung said during the prime minister’s cabinet meeting Saturday (July 6) morning.

The minister said economic expansion may even reach 7% this year as improving industrial and construction sectors drive growth, according to a post on the government’s website, which cited Dung.

"If growth momentums continue to be maintained and accelerate, the growth rate in 2024 is likely to reach or even exceed the target set by the National Assembly,” Dung said. - Bloomberg