The economy is recovering more positively.

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

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

The solutions and policies implemented during this period require a proactive and timely response to fluctuations in the external macroeconomic environment, while simultaneously promoting strong growth and supporting the economy to compete effectively with other countries, thus avoiding falling behind in major global trends.

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

These growth drivers, while showing some positive changes, are unlikely 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 for the first five months has increased by 4.03% compared to the same period last year, and many factors impacting inflation are difficult to predict.

In addition, the financial, monetary, real estate, and corporate bond markets have developed more sustainably, but there are still many issues that need to be addressed, such as credit growth, handling bad debts, dealing with weak banks, and resolving difficulties for real estate projects...

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

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

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

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