2024-05-11 03:00:00
Since the beginning of the year, the Vietnamese economy has made remarkable progress, showing clear recovery dynamics thanks to the growth of key pillars.
Hanoi (VNA) – Since the beginning of the year, the Vietnamese economy has made remarkable progress, showing clear recovery dynamics thanks to the growth of key pillars.
According to the General Statistics Office, industrial production continued its upward trend. The industrial production index in the first four months increased by 6% compared to the same period in 2023.
In the same period, public investment accounted for 20.1% of the target for the whole year, an increase of 5.9% on an annual basis. Foreign direct investment (FDI) disbursements reached $6.28 billion, up 7.4%.
Retail sales of consumer goods and services grew by 8.5% from the previous year.
Exports brought in $123.64 billion, an increase of 15 percent year-on-year, with 21 product groups whose export turnover exceeded $1 billion. The trade surplus was $8.4 billion, compared to $7.66 billion in the same period last year.
The figures above show that most pillars of the economy performed remarkably well, supporting growth, while inflation continued to hold effectively.
However, challenges remain, including global economic instability. Therefore, economic forecasts show that the national economy for the second quarter of 2024 will maintain the upswing, but it will be difficult to make a strong breakthrough as desired.
According to economist Nguyen Bich Lam, for the Vietnamese economy to recover faster and more sustainably, it is necessary for the government and localities to promote domestic demand through sales promotion programs, consumer credit incentives, and stabilization of transportation prices, especially air ticket prices, to encourage tourism.
Several experts also believe that the promotion of business development is an important driver of economic growth.
The finance ministry said it had submitted a document to the prime minister requesting permission to draft a decree to extend the deadline for paying value added tax, corporation tax, personal tax and ground rent in 2024…
For its part, the Ministry of Trade and Industry continues to strengthen its activities to promote trade and diversify export markets, while helping companies to effectively exploit the opportunities provided by free trade agreements.
The Ministry of Planning and Investment said it is focused on creating a breakthrough in FDI attraction and disbursement by improving the competitiveness of the business and investment climate, developing infrastructure information technology and logistics.
In particular, Prime Minister Pham Minh Chinh announced on May 2 Directive No. 14/CT-TTg on the Implementation of Monetary Policy in 2024, focusing on eliminating difficulties for economic activities, promoting growth and macroeconomic stability.-VNA
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