The economy is recovering more positively.

It is worth noting that Vietnam’s economy is maintaining positive growth momentum in three main sectors: agriculture, industry and services. Agricultural production is stable, industrial production is recovering well, exports continue to increase strongly; total import and export turnover in June increased sharply compared to the same period last year.

Favorable factors are clear, but the world situation is unstable, constantly changing in a complex and unpredictable manner, beyond the forecasts of countries and international research organizations, creating great pressure on macroeconomic management.

Solutions and management policies during this period require proactiveness and timely response to fluctuations in the external macroeconomic environment, while strongly promoting growth and supporting the economy to compete effectively with other countries so as not to fall behind major global trends.

According to the management agencies, although the Vietnamese economy has achieved many encouraging results since the beginning of the year, it is currently facing many major problems.

That is, although growth drivers have changed more positively, it is difficult to create a breakthrough for growth in 2024; macroeconomic stability and inflation control still face many challenges and potential risks; there is not much room left to manage inflation for the whole year because the average consumer price index in the first 5 months increased by 4.03% over the same period and there are many factors affecting inflation that are difficult to predict.

Besides, the financial, monetary, real estate and corporate bond markets have developed more sustainably but there are still many issues that need to be resolved such as credit growth, bad debt handling, weak banking handling, and difficulties for real estate projects...

In addition, natural disasters, epidemics, water shortages, saltwater intrusion, climate change, urban development... remain major challenges to the country's socio-economic development.

In that context, to achieve higher growth than the planned target for 2024, management solutions from now until the end of the year need to focus on the goal of continuing to prioritize growth, promoting the removal of difficulties and obstacles for businesses and promoting production, business as well as the development of new industries; promoting and renewing growth drivers; closely monitoring inflation developments, doing a good job of analysis and forecasting to promptly advise the Government on solutions for directing, operating, and managing prices, ensuring inflation control throughout the year.

The road ahead is still difficult, but the important thing is that the economic picture is brightening.

Source: https://nhandan.vn/kinh-te-phuc-hoi-tich-cuc-hon-post815758.html