7 Oct 2024 International Economy Vietnam’s economy recorded higher-than-expected growth of 7.40%YoY in 3Q24, supported by exports and growth in the industrial sector (Business Brief No.4087 Full Ed.) คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star Vietnam’s economy recorded higher-than-expected growth of 7.40%YoY in 3Q24, supported by exports and growth in the industrial sector• Vietnam's economy grew by 7.40 percent YoY in 3Q24, higher than a 6.10 percent median estimate in a Bloomberg survey, and a 7.09 percent growth reported for 2Q24, supported by exports and the expansion within the industrial sector, while household consumption remained stable. • Vietnam's exports accelerated in 3Q24, thanks to the recovery in global demand for clothing, footwear, machinery, and agricultural products, while electronics shipments saw slower growth. • The Vietnamese economy is expected to slow down during the remainder of 2024, compared to the 6.75 percent YoY growth seen during the first nine months of 2024, as exports are likely to decelerate. For 2024, KResearch expects that the Vietnamese economy will grow at 6.60 percent, exceeding the prior estimate of 6.00 percent, buoyed by higher-than-expected 3Q24 economic growth as the export growth forecast for 2024 has been revised upward to 12.60 percent, from the 7.50 percent previously. • However, Vietnam's economy still faces risks from unresolved real estate debt issues. View full article Login / Register Or Enter the code from the poll Annotation This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow. International Economy CLMV economiesVietnam Related Analysis View all 14 Mar 2018 International Economy Thailand must brace for trade disputes between the US, EU and China, etc. (Current Issue No. 2905) The US is pressing ahead with trade measures against trade partners globally. In addition to their new ‘safeguard tariffs’ on imported solar panels and large washing machines imposed early in 2018, and more recently on imported steel and aluminum, the US is now preparing to implement protectionist measures against Chinese products valued at around USD60 billion. This direction will likely add significant pressure to global trade, thus, KResearch views that all eyes should be closely kept on negotiations between the US and EU, both being among the largest economies in the world. Details on those negotiations are expected to be released before the relevant ‘safeguard tariffs’ on steel and aluminum become effective at the end of next week. 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