Our country is in the group of 10 emerging logistics markets.

Chairman of the Provincial People's Committee - Nguyen Van Ut presided at Long An bridge point

In the context of the world continuing to change in a complex and unpredictable manner, many policies and solutions directed by the Government and the Prime Minister decisively and promptly since the beginning of the year have initially shown effectiveness. International organizations continue to positively assess Vietnam's economic prospects, with our country being among the top 10 emerging logistics markets.

In addition, industrial production and exports in May continued to change compared to April and the first quarter. Signals show that economic growth may be more positive in the second quarter. Specifically, import-export turnover, exports and imports in May are estimated to increase by 5.3%, 4.3% and 6.4% respectively compared to the previous month (April decreased by 7.7%, 7.3% and 8.1% respectively); 5-month trade surplus is estimated at 9.8 billion USD (same period in 2022 is 0.24 billion USD). Registered FDI in May reached nearly 2 billion USD, 2.2 times higher than the same period last year; in the first 5 months, it reached 10.86 billion USD, equal to 92.7% compared to the same period last year (4 months only equal to 82.1% compared to the same period).

Notably, production and business activities continued to change. Agricultural production was stable; aquaculture output in the first 5 months increased by 2.9% over the same period last year. The index of industrial production (IIP) in May is estimated to increase by 2.2% over the previous month, of which the processing and manufacturing industry is estimated to increase by 2.9%. Total retail sales of goods and consumer service revenue in May is estimated to increase by 11.5% over the same period last year, and the total increase in the first 5 months is 12.6%, the highest growth rate compared to the same period in years since 2015.

However, it is assessed that the major difficulties and challenges in the world and the region will continue to greatly affect businesses, production and business activities, exports, investment attraction, etc. in the country.

Prime Minister - Pham Minh Chinh speaks at the meeting

Speaking at the meeting, Prime Minister Pham Minh Chinh requested Ministers, heads of ministerial-level agencies, government agencies, and Chairmen of People's Committees of provinces and cities to focus on reviewing, supplementing, and perfecting institutions, mechanisms, and policies, promptly removing and proposing solutions to difficulties and problems in practice, especially coordinating with agencies of the National Assembly to resolve bottlenecks in planning, public investment, rapid recovery and sustainable development programs, national target programs, etc., as proposed by many localities.

At the same time, continue to maintain macroeconomic stability, control inflation, and ensure major balances of the economy. Actively and flexibly operate fiscal and monetary policies. Develop a safe, healthy, sustainable, and effective capital market. In particular, it is necessary to focus on the three growth drivers: consumption, investment, and export./.

Bui Tung - Hoang Tuan

Source link