Vietnam's Economic Resilience Amid Challenges

Vietnam's economy demonstrated remarkable growth, with a 7.4% increase in GDP for the third quarter, marking a two-year high. This surge was largely propelled by strong performances in industrial and construction sectors, which rose by 8.34%, alongside a 10.7% boost in exports.

Despite these achievements, challenges remain. The agricultural sector lagged at 3.2%, and inflation reached 3.88%.

Additionally, the impact of Typhoon Yagi led to the shutdown of 163,800 businesses, reflecting a 21.5% increase in closures. Nevertheless, the country reported a trade surplus of $20.8 billion and welcomed over 183,000 new or reactivated businesses, showcasing its resilience and potential for recovery.