Vietnam’s economy continues on its path towards recovery, gradually regaining growth momentum with results proving positive month after month, the Government News quoted Minister of Planning and Investment Nguyen Chi Dung as saying at the monthly government meeting on August 5.
The country’s macro-economy remains stable, inflation is under control, and major balances have been ensured while the average CPI in the first seven months of the year rose 3.12 per cent year-on-year. Total State budget revenue is expected to reach 62.7 per cent of the estimate in the period.
Total trade value in July was projected at 2.2 per cent higher than in June, with Vietnam posting a trade surplus in the January-July period of $16.5 billion, compared to $1.34 billion in the same period of 2022.
Of note, total FDI capital registered in July amounted to more than $2.8 billion, up nearly 9 per cent from the previous month. The figure for the first seven months of 2023 was $16.24 billion, a 4.5 per cent year-on-year rise. Disbursed FDI capital in the first seven months was some $11.58 billion, up 0.8 per cent year-on-year.
However, Minister Dung also noted that difficulties and challenges remain of concern and cannot be addressed overnight, and the domestic economy is largely dependent on general global trends. The endurance of certain enterprises, especially small and medium-sized enterprises, is approaching their limit.
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