Vietnam's Economy Surges with 7.4% Q3 Growth Amid Typhoon Recovery
Despite recent natural disasters, Vietnam's economic growth in the third quarter marks a two-year high, driven by strong exports and foreign investment.
- Vietnam's GDP grew 7.4% year-on-year in Q3 2024, the highest quarterly growth in two years.
- Strong exports and industrial production were key contributors to the economic surge.
- Despite Typhoon Yagi's impact, including over 300 deaths and significant property damage, Vietnam exceeded its Q2 growth of 7.09%.
- Foreign investment inflows increased by 8.9% in the first nine months of the year, reaching $17.3 billion.
- Analysts caution that a slowing US economy and geopolitical tensions could threaten Vietnam's continued growth.
CNA 
Semafor 
South China Morning Post 
