With 2024 nearing its end, Việt Nam''s GDP growth is set to surpass the 7 per cent target, driven by efforts from ministries and sectors, says Deputy Minister of Planning and Investment Trần Quốc Phương.
The Ministry of Planning and Investment has provided s for economic growth scenarios in the second half of this year, in which the Vietnamese economy could beat forecasts and expand at 7 per cent for the full year.
As 2021-23 was a difficult period for Vietnamese economy, 2024 was expected to be a breakthrough year for Vietnamese economy to reach the goals of the five-year socio-economic development plan.
The Ministry of Finance (MoF)''s Price Management Department will actively set up scenarios for managing prices of essential goods according to the market performance, but still ensuring inflation control as targeted.
The Hà Nội Department of Industry and Trade has planned four scenarios to ensure sufficient supply of goods for people in quarantine zones amid the COVID-19 outbreak.
The Ministry of Planning and Investment has submitted two scenarios for economic growth this year to the Government, as the country faces the impact of coronavirus in China, one Viet Nam’s biggest trade partners.
As many as 85 per cent of industrial enterprises in Viet Nam still lag behind Industry 4.0 revolution, and only 13 per cent are at the beginner level, one official has warned.
The Ministry of Planning and Investment has outlined three scenarios for economic growth next year as part of its preparation for developing a socio-economic plan.