Reference News Network July 7 report: According to the website of Singapore's Straits Times on July 6, despite the shadow of U.S. tariff measures, Vietnam achieved a 7.52% economic growth in the first half of this year, the highest level since 2011.

The report said that data released by the General Statistics Office of the Ministry of Finance of Vietnam on July 5 showed that Vietnam's gross domestic product (GDP) grew strongly in the second quarter of this year, with a year-on-year growth of 7.96%, the highest growth rate since 2022. This figure was also higher than the 7.05% growth in the first quarter.

This is undoubtedly good news for the Vietnamese government. Vietnam's economic performance this year is expected to reach the government's target of at least 8% growth.

Data also showed that in the first half of this year, Vietnam attracted a total of 21.51 billion U.S. dollars in foreign direct investment (FDI), an increase of 32.6% compared to the same period last year, the highest level since 2009.

However, authorities also said that there are potential risks such as trade conflicts and new tax policies in the future, which may affect capital flows.

Vietnam Prime Minister Pham Minh Chinh previously said that the Vietnamese economy still faces major constraints, difficulties, and challenges, and therefore ordered ministries and local governments to take strong measures to boost the economy, actively and flexibly respond to the U.S. "reciprocal tariffs" policy.

The United States and Vietnam announced on February 2 that they had reached a trade agreement, under which the U.S. will reduce the "reciprocal tariffs" on Vietnamese products from the originally set 46% to 20%; in exchange, the Vietnamese market will be fully opened to the United States.

Vietnamese media reported that one of Vietnam's largest investment management companies, Vietnam Capital Company, pointed out that as long as the tariffs imposed by the United States on Vietnam are less than 10% compared to other countries in the same region, the advantages of Vietnam in labor quality, cost, population structure, and geographical location will continue to be effective.

According to Vietnam Capital Company, Vietnam's economic growth this year will mainly be driven by internal factors, including increased public infrastructure investment, recovery of the real estate market, and major administrative reforms and initiatives by the government.

Original: https://www.toutiao.com/article/7524208219237925427/

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