Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
Strait of Hormuz Shipping Near Standstill After New Vessel Attacks 
Trump Imposes New US Tariffs on Drone Imports Over National Security Concerns 
Asian Stocks Rise as AI Chip Rally Lifts South Korea, Japan 
US Dollar Slips as Softer PPI Data Eases Fed Rate Hike Expectations 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
France Inflation Rises 2.4% in July as Consumer Prices Increase 
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar 
US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets 
Wall Street Hits Record High as Softer Inflation Data Eases Fed Rate Hike Fears 
Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook 
Trump Imposes New Tariffs on Drone Imports Over US Security Concerns 
US Dollar Holds Firm as Fed Outlook and Iran Tensions Keep Markets on Edge 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
Gold Prices Slip From 10-Week High as Fed and Hormuz Risks Shape Outlook 
Canada-US Trade Talks Gain Momentum Ahead of Aug. 19 Tariff Deadline 
Asian Currencies Steady as Dollar Holds Firm After U.S. Inflation Data 
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Vietnam Sets Ambitious Economic Growth Target for Q4 2024
Vietnam is striving for robust economic growth in the final quarter of 2024, intending to expand its GDP by 7.6%-8%, according to the country's planning minister. This goal aligns with the government's commitment to maintain its full-year target of 7% growth.
Q3 Economic Performance Highlights Resilience
Government data released recently shows that Vietnam's Gross Domestic Product (GDP) grew by 5.33% year-on-year in the third quarter. This rate surpassed the 4.05% expansion of the second quarter, showcasing the country's resilience in the face of challenges, including natural disasters that impacted the economy last month.
Focus on Sustained Economic Momentum
The positive performance in Q3 strengthens confidence in meeting the 7% growth target for 2024. Despite external economic pressures and internal challenges, Vietnam's economy remains on a strong upward trajectory, contributing to its position as one of the fastest-growing economies in Southeast Asia.
Conclusion
Vietnam’s strategic focus on boosting economic growth is evident as it aims for a 7.6%-8% GDP expansion in Q4 2024, staying on track to meet the annual growth target. The Q3 growth demonstrates the country's resilience and continued economic momentum.
