{
  "Economic Performance and Macroeconomic Stability (2024-H1 2025)": "## Economic Performance and Macroeconomic Stability (2024-H1 2025)\n\n### 2024 Economic Overview and Macroeconomic Indicators\n\nVietnam's economy demonstrated robust performance and maintained macroeconomic stability throughout 2024, achieving and surpassing key targets set for socio-economic development. The government reported the basic completion and exceeding of all 15 major socio-economic development plan indicators for 2024 ([in-text citation](https://thuvienphapluat.vn/chinh-sach-phap-luat-moi/vn/ho-tro-phap-luat/tai-chinh/74456/xep-hang-tin-nhiem-moody-s-fitch-ratings-va-s-p-cua-viet-nam-moi-nhat)). This strong showing positioned Vietnam among the top-performing economies in the region and globally, earning high praise from numerous reputable international organizations ([in-text citation](https://thuvienphapluat.vn/chinh-sach-phap-luat-moi/vn/ho-tro-phap-luat/tai-chinh/74456/xep-hang-tin-nhiem-moody-s-fitch-ratings-va-s-p-cua-viet-nam-moi-nhat)).\n\nThe Gross Domestic Product (GDP) growth for the first nine months of 2024 reached 6.82%, with the full-year estimate projected to be between 6.8% and 7% ([in-text citation](https://thuvienphapluat.vn/chinh-sach-phap-luat-moi/vn/ho-tro-phap-luat/tai-chinh/74456/xep-hang-tin-nhiem-moody-s-fitch-ratings-va-s-p-cua-viet-nam-moi-nhat)). This figure notably exceeded the National Assembly's target of 6-6.5% ([in-text citation](https://thuvienphapluat.vn/chinh-sach-phap-luat-moi/vn/ho-tro-phap-luat/tai-chinh/74456/xep-hang-tin-nhiem-moody-s-fitch-ratings-va-s-p-cua-viet-nam-moi-nhat)). The International Monetary Fund (IMF), in its April 2025 World Economic Outlook report, also projected Vietnam's 2024 growth at 7.1% ([in-text citation](https://vietnamnet.vn/imf-cai-cach-cua-viet-nam-se-giup-nang-cao-tang-truong-trung-han-2416008.html)). The Ministry of Planning and Investment (MPI) further estimated 2024 GDP growth at 7.09%, highlighting Vietnam as one of the few countries with high growth in the region and the world ([in-text citation](https://www.mpi.gov.vn/portal/Pages/2025-2-12/Trinh-Quoc-hoi-dieu-chinh-muc-tieu-tang-truong-GDPpx8pfm.aspx)).\n\nIn terms of scale, Vietnam's GDP in 2024 was estimated at approximately $476.3 billion, positioning the country as the 33rd largest economy globally, an improvement of two ranks compared to 2023 ([in-text citation](https://www.mpi.gov.vn/portal/Pages/2025-2-12/Trinh-Quoc-hoi-dieu-chinh-muc-tieu-tang-truong-GDPpx8pfm.aspx)). GDP per capita reached an estimated $4,700 ([in-text citation](https://www.mpi.gov.vn/portal/Pages/2025-2-12/Trinh-Quoc-hoi-dieu-chinh-muc-tieu-tang-truong-GDPpx8pfm.aspx)). Macroeconomic stability remained a cornerstone of economic management, with inflation effectively controlled and major economic balances secured, including a high surplus ([in-text citation](https://thuvienphapluat.vn/chinh-sach-phap-luat-moi/vn/ho-tro-phap-luat/tai-chinh/74456/xep-hang-tin-nhiem-moody-s-fitch-ratings-va-s-p-cua-viet-nam-moi-nhat)). Public debt, government debt, national foreign debt, and the state budget deficit were all kept under strict control, remaining below the permitted limits ([in-text citation](https://thuvienphapluat.vn/chinh-sach-phap-luat-moi/vn/ho-tro-phap-luat/tai-chinh/74456/xep-hang-tin-nhiem-moody-s-fitch-ratings-va-s-p-cua-viet-nam-moi-nhat)).\n\nProjections for the end of 2024 indicated that public debt would be approximately 36-37% of GDP, government debt around 33-34% of GDP, and direct government debt service obligations would account for about 21-22% of total state budget revenue. These figures were well within the limits approved by the National Assembly, providing ample fiscal space for implementing socio-economic development policies and responding to unforeseen fluctuations ([in-text citation](https://thuvienphapluat.vn/chinh-sach-phap-luat-moi/vn/ho-tro-phap-luat/tai-chinh/74456/xep-hang-tin-nhiem-moody-s-fitch-ratings-va-s-p-cua-viet-nam-moi-nhat)). Furthermore, the current account recorded a significant surplus, reaching a record 6.6% of GDP in 2024 ([in-text citation](https://vietnamnet.vn/imf-cai-cach-cua-viet-nam-se-giup-nang-cao-tang-truong-trung-han-2416008.html)). The state budget revenue for 2024 was estimated to exceed its forecast by 19.8% ([in-text citation](https://www.mpi.gov.vn/portal/Pages/2025-2-12/Trinh-Quoc-hoi-dieu-chinh-muc-tieu-tang-truong-GDPpx8pfm.aspx)), while the trade surplus was projected at $24.77 billion ([in-text citation](https://www.mpi.gov.vn/portal/Pages/2025-2-12/Trinh-Quoc-hoi-dieu-chinh-muc-tieu-tang-truong-GDPpx8pfm.aspx)).\n\n| Indicator                               | Value (2024)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             "
}