In the first 2 months, the macro data show promising signs of domestic economic recovery.

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The industrial production index increased by an average of +5.7%yoy. This is a considerable increase over the past two years, and improvements have occurred in almost all sectors, except for mining, electronics, and beverages, which still have negative growth.

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Export turnover and trade surplus reached record levels compared to the same period in previous years. The growth has occurred broadly in most major markets and product groups (except for seafood, which has not seen significant changes). Specifically, the country's total export value reached $59.34 billion, an increase of +19.2%yoy; the trade surplus reached $4.72 billion in the first two months of 2024.

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Registered and disbursed FDI capital was quite high from the beginning of the year. Registered capital reached $4.04 billion, an increase of +75.6%yoy; Disbursed capital reached $2.8 billion, an increase of +9.8%yoy.

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Vietnam is perceived to be facing many opportunities to attract FDI inflows, in the context of multinational corporations tending to shift production out of China, and the global race to invest in the chip and semiconductor sectors.

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