The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
The draft budget bill, which is being debated in the house over the next four days, projects a 0.7% rise in spending, and a 0.7% drop in the budget deficit to 860 billion THB, or 4.3% of gross domestic product, from the 2025 fiscal year that ends in September.
Uzbekistan and Vietnam have enjoyed a long lasting relationship. More than 3,500 Vietnamese students have studied at educational institutions in Uzbekistan and played an important role in strengthening the friendship between the people of the two countries./
This comes after the International Monetary Fund (IMF) revised Thailand’s 2025 GDP growth forecast downward from 2.9% to 1.8%, citing the impact of US reciprocal tariffs. Thailand remains the only ASEAN country whose GDP projection has been cut to below 2%. For 2026, the IMF anticipates a further decline to 1.6%.
In the first quarter of 2025, Vietnam’s economy showed signs of recovery, with several key indicators recording strong growth despite ongoing global uncertainties.
Co-chaired by Ambassador Duong Hai Hung and CCCI President Stavros Stavrius, the event brought together over 30 leading Cypriot businesses with interests in Vietnam.
With a rapid development of the economy and an increasing demand for high-end products, Vietnam is becoming an attractive destination for New Zealand exporters, opening up many opportunities for cooperation and sustainable development in the coming time.
The "Empower Youth for Future Success in Ha Nam Province" program is designed to equip these young people with a comprehensive set of skills, including social, financial, employability, and entrepreneurship skills.
These positive results reflect the impact of the Madani Government's economic policies and governance in promoting inclusive and sustainable development.
Former Indian Minister of Commerce and Industry Suresh Prabhu lauded Vietnam as an exception in opening up its economy and achieving rapid development.
The export sector is facing risks and volatility amidst Trump 2.0 trade tension, which is like a time bomb waiting to explode, said TNSC Chairman Chaichan Charoensuk.
The Ministry of Finance attributed the strong performance to solid economic growth in 2024, which drove up corporate income tax and value-added tax collections.
Malaysian Prime Minister Anwar Ibrahim is set to deliver a keynote address at the second ASEAN Future Forum (AFF), to be held in Hanoi on February 25-26. His speech is expected to focus on key regional issues, including digital economy, green growth, and sustainable development.
Standard Chartered forecast the Vietnamese economy to expand 6.7% in 2025, with 7.5% and 6.1% for the first and second halves respectively, driven by robust business activities and sustained foreign investment, according to the bank’s latest economic update for Vietnam released on February 7.
Recent financial disclosures from over 900 listed enterprises reveal a 20.9% year-on-year growth in profits after tax for the fourth quarter (Q4) of 2024.
