Highlights of Vietnam's economy in the first nine months of 2024

The Vietnamese community abroad is an important resource in the process of building and developing the country over the past years.

The renowned US travel magazine Condé Nast Traveler has just announced the 2024 Readers' Choice Awards, in which Vietnam has made it to the top 20 favourite countries among global travelers.

Several international organisations have raised their economic growth forecasts for Vietnam in 2024 after the release of Q3 GDP data, which showed a significant 7.4% increase, exceeding previous projections.

Over the past 25 years, Hanoi has consistently advanced, reaching significant milestones. The city not only upholds its prestigious title but also actively promotes it, contributing to the capital's development in this era of global integration.

For over 29 years since joining AIPO/AIPA (1995-2024), the National Assembly of Vietnam has actively proposed various initiatives to improve the effectiveness of regional inter-parliamentary cooperation. Vietnam's contributions to AIPA have solidified its role in inter-parliamentary forums, enhancing the country’s status, image, and prestige through parliamentary diplomacy.

Chairman of the National Assembly Tran Thanh Man will lead a high-ranking NA delegation to pay an official visit to Laos and attend the 45th General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA-45) from October 17-19. This is the legislative leader's first official visit to Laos in his new position, taking place just ahead of the AIPA-45 General Assembly, with Laos as the host nation. The visit aims to strengthen the special solidarity and expand parliamentary cooperation between Vietnam and Laos.

The GDP in the first 9 months of 2024 expanded by 6.82% compared to the same period in 2023. The GDP, based on 2010 constant prices, reached 4,472.22 trillion VND (around 180 billion USD).

Once a war-torn city, Hanoi has transformed into a hub of dynamic growth and development. The capital's economy consistently achieves strong growth rates, contributing 16% to the national GDP and 19% to the overall state budget.

Vietnam and China are neighboring countries with many similarities in culture, political systems, and development paths. Recently, with the joint efforts of both sides, the relationship between the two parties and the two countries has maintained a very positive momentum of development, achieving significant accomplishments in all areas.

Economic, trade, and investment cooperation has steadily progressed, emerging as key aspects of the Vietnam-China relationship in recent times.