Although the socio-economic situation in the second quarter of 2023 had some positive signs, GDP growth in the first 6 months did not meet expectations due to many difficulties and challenges.
It’s a big challenge for the economy to reach this year’s GDP growth target of 6.5%, and economic expansion is hoped to be boosted by some important demand factors.
Export value of fruits and vegetables is likely to reach $5 billion this year, according to the Viet Nam Fruits and Vegetables Association.
Most view
Abundant cash is meant to support markets, but large cash flows have not yet reached businesses.
The Party and State place high expectations on science, technology and innovation, considering this a “Breakthrough Strategy” and the “main motivation” to create breakthroughs in productivity, quality, efficiency and economy's competitiveness.
Vietnam’s export turnover is estimated to reach 29.3 billion USD in June, a month-on-month rise of 4.5%, which shows that the market is gradually recovering thanks to trade promotion activities.
Skepticism about economic statistics released by Vietnam's central and local governments is spreading, as gross domestic product and tourism figures show marked improvement despite poor business sentiment.
Although Vietnam’s growth has slowed down amid global economic crises, the country is showing stronger performance and continuing to be an attractive destination for foreign manufacturers.
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