Vietnam continues to maintain a trade surplus of 28.3 billion USD in 2023. (Illustration photo)
The Government's report on supplementary assessment of the results of the implementation of the socio-economic development plan and state budget in 2024 and the situation in 2024 presented at the 7th Session of the 15th National Assembly said that some socio-economic targets in 2023 were higher than the estimated figures reported to the National Assembly at the 6th Session.
Specifically, Deputy Prime Minister Le Minh Khai said that the annual GDP growth rate reached 5.05% (reported to be over 5%), although lower than the set target, it is a high level in the world and the region.
The economy reached 430 billion USD, entering the group of upper middle-income countries. Inflation was controlled, the average consumer price index (CPI) increased by 3.25% (reported increase of about 3.5%); the currency and foreign exchange markets were basically stable, and interest rates decreased.
State budget revenue reached over 1.75 million billion VND, exceeding 8.2% and increasing 133.4 thousand billion VND compared to the estimate, meeting the requirements of socio-economic development, national defense and security, ensuring social security and other urgent tasks.
Faced with the difficult situation of enterprises, many policies and solutions have been implemented synchronously, promptly and effectively to support the economy, enterprises and people. The total amount of tax, fee, charge and land rent exemptions, reductions and extensions implemented has reached nearly 191.5 trillion VND.
Other important indicators are the state budget deficit of about 3.5% of GDP, public debt of about 37% of GDP, government debt of about 34% of GDP, much lower than the ceiling and warning threshold.
Deputy Prime Minister Le Minh Khai also said that by the end of 2023, the state budget has set aside about 680 trillion VND to implement the new wage policy.
In addition, some other macroeconomic indicators also changed more positively. That is, the total import-export turnover reached 681 billion USD; trade surplus was 28.3 billion USD (reported about 15 billion USD), contributing to ensuring the balance of payments, supporting foreign currency balance.
Foreign direct investment (FDI) attraction reached 39.4 billion USD (reported about 27-30 billion USD), up 34.5%; realized FDI reached 23.2 billion USD (reported about 20-22 billion USD), up 3.5%, the highest ever.
2023 also witnessed a remarkable change in the development of strategic infrastructure systems, especially breakthroughs in transport infrastructure. Planning work was focused on and implemented vigorously, quality was improved, creating conditions for the effective exploitation and use of resources, contributing to promoting rapid and sustainable socio-economic development.
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