The impressive growth indicators in investment, exports, and consumption during the first seven months of the year suggest that 2024 will achieve a growth rate of 6-6.5% as targeted by the National Assembly . Analysts are even more optimistic, predicting that with this growth momentum, a growth rate of 7% could be reached.”
A positive sign is that foreign investors continue to trust and invest in Vietnam, with more localities attracting FDI, resulting in over $18 billion in registered capital in less than seven months. Foreign investment projects are expanding to more localities, creating jobs and contributing to social stability. However, even with such an optimistic growth forecast, we cannot be complacent; we must make maximum efforts to ensure the targets are met. Furthermore, we must anticipate risks and unforeseen impacts to ensure effective responses. Until we reach the finish line, we cannot predict what will happen, so the more accurate the forecast, the higher the chances of success. The strong growth in 2024 will also create momentum for subsequent years, so many solutions must be implemented to mitigate obstacles. Among these, inflationary pressure is a visible factor, as wage increases often lead to price increases; without measures to curb it, inflation will be high. One promising aspect is the implementation of sound policies to boost the real estate market. The recovery of real estate projects will also stimulate the construction industry, leading to increased demand for various products and the recovery of manufacturing businesses. For strong growth, the rapid implementation of public investment projects is also crucial. Currently, many public investment projects are stalled due to obstacles – a common problem among ministries, departments, and localities. Timely policy solutions are necessary to ensure that public investment disbursement targets are met. Ho Chi Minh City, in particular, has set a target of disbursing 10,000 billion VND per month for the remaining months. Strong growth also depends on the success of businesses; therefore, administrative reform is a constant and ongoing requirement. Creating a healthy investment and business environment, enabling businesses to implement projects quickly and efficiently, is the expectation of the business community. It is necessary to review and continue abolishing inappropriate business conditions to facilitate people's business activities. The current high number of businesses withdrawing from the market is a negative sign, affecting growth. Source: https://laodong.vn/su-kien-binh-luan/tang-truong-manh-nam-2024-se-tao-da-cho-cac-nam-tiep-theo-1376011.ldo
