Minister of Planning and Investment Nguyen Chi Dung revealed the information at the regular Government meeting on May 4. According to him, the macro economy has basically stabilized in the first 4 months, the economy has recovered, achieved positive growth, and met the set targets.
“Businesses and international organizations continue to highly appreciate Vietnam’s growth prospects,” he said, adding that registered foreign direct investment (FDI) capital alone has reached over 7.1 billion USD since the beginning of the year, up 73.2%.
According to the Minister, electronics, chips, semiconductors, and renewable energy are attracting the interest of many large global technology companies.
This content was also mentioned by Mr. Choi Joo Ho – General Director of Samsung Vietnam Complex – at the opening ceremony of the High-tech Talent Development Program (SIC) yesterday. According to Mr. Choi, Vietnam is increasingly proving its importance in the global supply chain, which is more clearly demonstrated in terms of politics, human resources, infrastructure, and is attracting more and more attention worldwide.
In particular, Vietnam’s importance in the information technology and high-tech industry is expected to become even more prominent. “High-tech companies around the world are competing to find investment opportunities in Vietnam,” said Mr. Choi.
In addition to attracting foreign investment, according to a report by the Ministry of Planning and Investment, one of the bright spots of the economy in the first 4 months of the year was that production and business continued to be positive. The Industrial Production Index (IIP) in April is estimated to increase by 0.8% compared to March and by 6.3% compared to the same period in 2023. For the first four months of the year, the IIP increased by 6%, a significant improvement compared to the 2.5% decrease in the same period of 2023. The number of workers in the industry at the time of April 1 expanded by 3.4% compared to the same period last year.
Thus, industrial production generally maintained its recovery momentum over the past year, excluding the decline in February due to the Lunar New Year 2024 and the sharp increase in January due to the low base for comparison (January 2023 fell on the Lunar New Year 2023 and was also a period of slow production).
For the first 4 months, the number of enterprises joining and rejoining the market was nearly 81,300, up 3% compared to the same period. Meanwhile, the number of enterprises waiting for dissolution procedures and those that have been dissolved was 25,500, down 5.3%.
However, Minister Nguyen Chi Dung also stated that there are still many difficulties and challenges, especially in controlling inflation, stabilizing the macro economy, and promoting growth in the coming time.
Phuong Dung
