Economy bounces back in January

The Government News quoted Deputy Minister of Planning and Investment Tran Quoc Phuong as announcing at a press conference in Hanoi on February 5 that Vietnam’s economy continued to bounce back in January, following impressive growth pace of 7.09% in 2024.

As a result, export turnover was estimated at $63.07 billion, posting a trade surplus of $1.23 billion; inflation saw a year-on-year increase of 3.63%, while State budget revenue witnessed a year-on-year increase of 3.5%.

In the month, Vietnam absorbed over $4.3 billion in foreign direct investment (FDI), up 48.6% against the same period last year. Meanwhile, total amount of FDI disbursement reached over $1.5 billion, up 2% compared to the same period last year.

The country's index of industrial production (IIP) experienced a year-on-year growth of 0.6% due to prolonged nine-day Tet break.

Total retail sales of goods and services picked up 9.5% against the same period last year.