One of the standout highlights of this year so far has been industrial production, with the processing and manufacturing sector increasing by 19.3% compared to the same period in 2023. The industrial production index in January of this year increased in 60 localities and decreased in 3 localities nationwide compared to the same period last year. The country has seen the establishment of 13.5 thousand new businesses, an increase of 2.2% compared to the previous month and a 24.8% increase compared to the same period last year.
According to the General Statistics Office, the total retail sales of goods and consumer service revenue in January 2024 is estimated at VND 524.1 trillion, an increase of 1.6% compared to the previous month and an 8.1% increase compared to the same period in 2023. Notably, the investment capital implemented from the state budget in the first month of this year is estimated at VND 31.1 trillion, an increase of 12.5% compared to the same period last year.
Positive signals of Vietnam’s economy in the new year of 2024 (Photo: KT)
“There has been significant improvement in private investment, which is a very important part of the economy. Disbursement of public investment has also increased, which is also a bright spot, helping to increase investment demand and government demand. This is a bright spot to note that there are factors for us to expect a better 2024,” said TS. Le Duy Binh, an economic expert.
Recently, international organizations have made optimistic forecasts about Vietnam’s economy in 2024. Most forecasts suggest that our country’s growth rate will exceed 6%. Some financial institutions even forecasted that Vietnam’s GDP growth will reach 6.7%, a growth rate higher than the target set by the Vietnamese National Assembly this year. A promising start with positive signals in the early days and months of the year has reinforced the confidence of international organizations in the future prosperity of Vietnam’s economy.
