Vietnam's economy continues to grow in many areas

In August, the industrial output index went up 2.9% from the previous month and 2.6% from the same month a year earlier. This was the fourth month in a row that the sector grew.

The trade balance from January to August was expected to be $20.19 billion, which is a big jump from last year's $5.26 billion during the same time period. The top exports were mobile phones, wood, fish, fruit and vegetables, and electrical items.

Tourism has grown very quickly. In August, 1.2 million foreigners came to Vietnam, which is 2.5 times more than a year ago. This brings the total number of foreign tourists to Vietnam in the first eight months to 7.8 million, which is more than five times the number from last year.

As of August, the amount of money spent on public investments was projected to be 49.4%. This was up 23.1% from a year earlier, thanks to the central government, ministries, and local governments' bold efforts to boost economic growth through public spending.

Foreign direct investment promises went up by 8.2% to $18.15 billion, which is a very good sign in a time when the global and regional economies are struggling. This shows that foreign investors still have faith in the Vietnamese economy.

In August, more than 14,000 new businesses were registered, which was better than the month before. These new businesses are projected to add 135.3 trillion VND ($5.6 billion) to the economy and hire nearly 80,000 people.

The average rate of inflation in the first eight months of the year was 3.1%, down from 4.18% in the first quarter and 3.29% in the first half.

Source: Nhân Dân