The Vietnamese economic situation in August have showed some recovery signals, but domestic and global situations have remained in difficulties since early this year.
Vietnam shipped a record volume of nearly 6 million tons of rice in the first eight months of 2023, up 20%, according to the General Department of Vietnam Customs.
The HSBC Global Connections survey found that Vietnam’s economic resilience and competitive wages rank foremost in attracting international firms.
Deputy Minister of Planning and Investment Tran Quoc Phuong spoke to Vietnam News Agency about solutions that are implemented until the end of the year to reach the economic growth target.
- Vietnam's 11-month FDI inflows reach $28.85 bln, up 14.8% 1
- Vietnam’s bonds outstanding hits over $108 bln by end of September 2
- Experts predict that Q4's strong economic growth to boost the year's overall performance. 3
- "Golden season" of sales 4
- Walmart wants to turn Vietnam into goods supply center of Asia 5
- Great potential for Vietnamese goods to enter Africa, Middle East 6
Vietnam's manufacturing sector returned to growth in August as some signs of recovery in demand supported renewed increases in both new orders and production.
With various drastic and flexible measures taken to boost production, business and investment activities and carry out assigned political tasks, groups and corporations have posted significant growth, contributing to maintaining macro-economic stability.
According to the Vietnam Food Association, last week, the export price of 5% broken rice of Vietnam remained stable at a high level of 638 USD/tonne.
Vietnam’s economy tends to be more positive than in the last months of the year, but the difficulties and challenges posed are still great and cannot change quickly in a short time.
Many parts of the Vietnamese economy kept growing in August and the first eight months of 2023, according to data released by the General Statistics Office.
Vietnam recorded a trade surplus of $20.19 billion in the first eight months of 2023, according to data released on Tuesday by the General Statistics Office.
Foreign direct investment inflows to Vietnam grew 8.2 percent year-on-year to nearly $18.15 billion in the first eight months of 2023, official statistics data shows.
The textile and garment industry's difficulties are almost over.
In the first half of August, Vietnam's commerce with the rest of the world was assessed at $28.6 billion, with export value decreasing by 10.8 percent yearly.
After six months of calm, there are still many risks that could put pressure on the exchange rate in the second half of 2023.
To reach this year's GDP growth target of 6.5%, economic expansion in the second half of 2023 must stand at around 9%, which requires harmonious and close coordination among the parties.
Competition in the retail market is predicted to be more intense with the participation of new retailers and operation expansion of existing domestic and international retailers.