At the most recent Government meeting, it was shown that Vietnam's economy was recovering positively, with 6-month GDP growth being 6.42%. Among them, Bitcoin (BTC) is still the investment channel with the most impressive performance.
Also Read: Compare investment profits in gold and Bitcoin in the first 5 months of 2024 in Vietnam
Vietnam's economic picture in the first 6 months of 2024
According to VnExpress, at the Government meeting on July 6, Prime Minister Pham Minh Chinh said that GDP growth in the second quarter reached 6.93%, 6 months was 6.42%, exceeding the set scenario and ranked at the high level of the region. region and the world. Inflation is around 4%.
Contributing to this result is the agriculture, forestry, fisheries and service sectors maintaining a good growth momentum. Industry and construction recovered quickly, being the driving force for growth. The added value of the industry in 6 months was 7.54%, of which, the processing and manufacturing industry increased by 8.67%.
Capital social investment capital in 6 months increased by 6.8%, of which private investment increased by 6.7%. Total registered foreign investment Capital in the first half of the year reached nearly 15.2 billion USD, up 13.1% over the same period. Total retail sales of goods and consumer service revenue are also positive, exports continue to be a bright spot, especially agricultural, forestry and fishery products. The June PMI index reached 54.7 points, among the highest points since 2020.
Although there are positive signs for the Vietnamese economy in the first 6 months of 2024, the Prime Minister said that there are still hidden pressures such as high inflation, some areas are still difficult... Currently, Prime Minister Pham Minh Chinh requires striving for GDP growth in the third quarter of 6.5-7%, reaching the highest level planned for the whole year and maintaining development momentum for 2025.
Bitcoin is still an investment channel with impressive performance
In the context of Vietnam's economy improving in the first 6 months of the year, investment channels are also a concern when Q2/2024 has just ended. According to a study from VnEpress, among investment channels such as Bitcoin, ring gold, VN-Index, USD, JSC gold and savings, it is not too difficult to understand that Bitcoin (BTC) is ranked as an effective investment channel. Best yield in the first 6 months of the year.
Bitcoin investment performance compared to other forms. Source: VnExpressHistorical data shows that in early 2024, BTC prices were trading at around $44,000. At the price at the time BeInCrypto is writing this article (about 57,800 USD), BTC price has grown by about 32%. Compared to the peak recorded in April 2024, BTC price has recorded an increase of nearly 70%.
Thus, if you compare Bitcoin investment with savings, the efficiency of Bitcoin investment is nearly 20 times higher. Compared to the current inflation rate in Vietnam, this is certainly an attractive investment channel.
In the first 6 months of 2024, which investment channel has the best performance for you? Chia with us your perspective on this issue in the BeInCrypto Community group on Telegram .
