Vietnam Records 8% Growth in First Half of Year, Highest in ASEAN... Indonesia, Malaysia, and Singapore Also Show Robust Growth

Container ships navigating the waters off Ho Chi Minh City, the economic hub of southern Vietnam (Source: Yonhap News) 【Jakarta (Indonesia) = Correspondent Aulia Maulida Hamdani】 It has been found that among major Southeast Asian countries, Vietnam enjoyed high growth with a growth rate in the 8% range during the first half of this year, while Indonesia, Malaysia, and Singapore also maintained a steady growth trend.
4% in the second quarter. Industrial production, construction, the service sector, investment, and exports drove economic growth, recording the highest growth rate among major Southeast Asian countries.
3% in the second quarter. The growth rate in the first quarter was supported by household consumption, government spending, manufacturing, and trade. Although the growth rate in the second quarter slowed slightly, it maintained a growth trend in the 5% range despite global economic uncertainty.
0% in the second quarter. Robust domestic demand, manufacturing, and exports contributed to this growth, while the electronics and electrical industries were also influenced by expanding global demand for technology and artificial intelligence (AI).
Singapore also strengthened its growth momentum. 9% in the second quarter. It is analyzed that the growth trend was influenced by an economic structure centered on global trade and high-tech industries, as demand for manufacturing, wholesale and retail trade, financial services, and technology supported economic activity.
On the other hand, the growth of the Philippines and Thailand slowed. 3% in the second quarter, recording the lowest growth rate among the six countries in the second quarter as domestic consumption, investment, and government spending faced various difficulties.
9% in the second quarter. While exports, manufacturing, and the tourism industry supported the economy, deteriorating external conditions and weakening economic momentum limited overall growth.
[email protected] Correspondent Aulia Maulida Hamdani Reporter