Vietnam remains on the path of recovery driven by the turnaround in the global electronics cycle.

Fiscal policy also supports economic growth in 2024 amid expected significant public sector wage increases and ongoing efforts to boost public investment.

Thanks to the efforts of the political system, the people, businesses, and international friends, Vietnam has achieved significant and comprehensive results across all sectors.

The housing market, like the economy, has shown positive recovery signs month after month, but difficulties are still present.

As businesses and consumers become more confident about the economic prospects, they are likely to invest and spend more, leading to increased demand for insurance.

Over the past month, 10 out of 11 major consumer goods categories saw price increases.

Bilateral trade between the two countries amounted to US$38.6 billion in the first four months of 2024, with the US remaining Vietnam's largest export market.

Local lenders are encouraged to provide incentives and attract individuals to take out consumer loans.

Vietnam hopes to facilitate better business conditions for foreign companies, especially those from the US.