The highlight from the first month of this year is industrial production, of which the processing and manufacturing industry increased by 19.3% over the same period in 2023. The industrial production index in January this year compared to the same period last year increased in 60 localities and decreased in 3 localities nationwide. The whole country had 13,500 newly established enterprises, up 2.2% over the previous month and up 24.8% over the same period last year.
Many optimistic signals of Vietnam's economy from the beginning of the new year 2024 (Illustration photo: KT)
According to the General Statistics Office, total retail sales of goods and consumer service revenue in January 2024 are estimated at VND524.1 trillion, up 1.6% over the previous month and up 8.1% over the same period in 2023. Notably, investment capital implemented from the state budget in the first month of this year is estimated at VND31.1 trillion, up 12.5% over the same period last year.
“There has been a significant improvement in private investment, which is a very important part of the economy’s demand. The increase in public investment disbursement is also a bright spot, helping to increase investment demand and government demand. This is a bright spot that needs attention to see that there are factors for us to expect a better 2024,” said Dr. Le Duy Binh, an economic expert.
Recently, international organizations have made many optimistic forecasts about Vietnam's economy in 2024. Most forecasts say that our country's growth will reach over 6%. Some financial organizations even forecast Vietnam's GDP growth to reach 6.7%, a growth rate higher than the target set by the Vietnamese National Assembly this year. The good start with positive signals in the first days and months of the year has strengthened the confidence of international organizations in the prosperity of Vietnam's economy in the coming time.
Thanh Trung (VOV1)
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