Strong growth in 2024 will create momentum for the following years

Impressive growth indicators in investment, export and consumption in the first 7 months of the year show that 2024 will achieve growth of 6-6.5% as set by the National Assembly . Analysts also gave optimistic comments that with this growth momentum, it is possible to reach a growth rate of 7%".

A positive signal is that foreign investors still trust to invest in Vietnam, with more localities attracting FDI, so in less than 7 months, the total registered capital has reached more than 18 billion USD. Foreign investment projects are expanding to more localities, creating jobs and contributing to social stability. But even with such an optimistic growth scenario, we cannot be subjective, but must make maximum efforts to ensure the completion of the target. Not to mention, we must prepare for risks and unusual impacts to have effective responses. When we have not reached the finish line, we cannot predict what will happen, so the more accurate the forecast, the higher the chance of success. The strong growth in 2024 will also create momentum for the following years, so many solutions must be implemented to limit obstacles. In particular, inflationary pressure is visible, because wage increases often lead to price increases, if there are no measures to restrain them, inflation will be high. One thing to expect is to have good policies to create a "boost" for the real estate market. The recovery of real estate projects will also promote the growth of the construction industry, leading to many products being consumed strongly, and manufacturing enterprises recovering along with real estate. To grow strongly, it is also necessary to quickly implement public investment projects. Currently, many public investment projects cannot be implemented due to obstacles, which is a common problem of ministries and local branches. If there are timely policies to remove them, then the disbursement of public investment capital will meet the target. In particular, Ho Chi Minh City has set a task in the remaining months, each month must disburse 10,000 billion VND. Good growth also depends on the success of enterprises, so administrative reform is a regular and continuous requirement. Creating a healthy investment and business environment, enterprises implementing projects quickly and effectively is the expectation of the business community. It is necessary to review and continue to abolish inappropriate business conditions so that people can do business smoothly. The current high number of businesses withdrawing from the market is a bad sign, affecting growth. Source: https://laodong.vn/su-kien-binh-luan/tang-truong-manh-nam-2024-se-tao-da-cho-cac-nam-tiep-theo-1376011.ldo