It can be seen that while the growth of some key economies in the world has decreased, the economic results of Vietnam in the second quarter have strengthened the confidence of international organizations when forecasting. Vietnam's economic growth will be among the highest in Southeast Asia. Last week, the international press also had many articles praising Vietnam's economic recovery in the first 6 months of the year.
The Nikkei Asia newspaper (specializing in reporting on economic, financial, business, investment and social situations) recorded the prosperity of Vietnam's exports, especially textiles. The article said that Vietnam's textile and garment exports are expected to reach a record high of 22 billion USD in the first 6 months, up 23% over the same period last year.
Vietnam's economy is recovering at a rapid pace as business activities have been active again after the Covid-19 pandemic. (Illustration)
According to the World Bank's Chief Economist in Vietnam, Ms. Dorsa Ti Madani, commented: "Vietnam's growth figures are very impressive. This is thanks to both main contributors to growth. : One is that Vietnam's export record is very solid; the second is that domestic consumption is enjoying a big recovery when the economy has fully returned with the Covid-19 epidemic restrictions lifted. ".
Mr. Alain Cany - President of the European Chamber of Commerce in Vietnam (EuroCham) commented: "So far, Vietnam's performance is much better than that of other countries in the region. The domestic manufacturing sector is relatively good. The government has made the right policy in cutting some taxes, especially the environmental tax on fuel, to keep inflation under control."
It can be seen that in that prosperous economic picture, foreign direct investment (FDI) is a bright spot. In an article titled "Vietnam's economy is recovering strongly", the Borneo Bulletin website said that in the first five months of this year, FDI inflows in Vietnam were estimated at $7.71 billion, up 7.8% compared to same period last year. But according to the article, Vietnam also needs efforts to continue to increase its competitiveness and retain FDI inflows.
"In the context of the global trend of production shifting, Vietnam needs to increase its competitiveness to both retain and continue to attract FDI enterprises by participating more deeply in the value chain. Vietnam has potentials. I know Toyota has partnered with Vietnamese companies to buy parts for their car production, for example, and most recently there has been a wire shift. Apple's iPad production line to Vietnam," said David Daoice - Economics Professor, Harvard University.
The International Monetary Fund (IMF) offers a very promising assessment. By 2025, Vietnam will rise to the third position in Southeast Asia in terms of economic size with a GDP of more than 571 billion USD, behind Indonesia and Thailand, surpassing Malaysia, the Philippines and Singapore.
The achieved results will contribute to creating a position and force for Vietnam's economy to continue to grow in the remaining months of this year and the whole next year.
Along with many challenges to overcome, in which the biggest challenge is to control prices and curb inflation, it can be seen that Vietnam's advantage in controlling inflation is that our country is still self-sufficient. owns most of the food supply (accounting for nearly 40% of the CPI basket). But the world economic situation is still volatile, challenges in macroeconomic management in the remaining 6 months of this year are still ahead.
Bui Hang
https://kinhtemoitruong.vn/diem-sang-phuc-hoi-kinh-te-viet-nam-hau-dich-benh-68724.html
kinhtemoitruong
