Target of 6.5% economic growth for 2023 is a challenge: GSO leader

The target of 6.5% economic growth set by the National Assembly for next year, lower than the growth of 8.02% recorded in 2022, will be a challenge, said General Director of the General Statistics Office (GSO) Nguyen Thi Huong.

Target of 6.5% economic growth for 2023 is a challenge: GSO leader hinh anh 1

Illustrative image (Photo: VNA)

The target of 6.5% economic growth set by the National Assembly for next year, lower than the growth of 8.02% recorded in 2022, will be a challenge, said General Director of the General Statistics Office (GSO) Nguyen Thi Huong.

In an interview granted to the Vietnam News Agency (VNA), Huong said the growth target is based on pillars such as agro-forestry-fishery, processing industries, tourism, consumption and public investment. Political stability and social security are also expected to maintain growth momentum next year.

In particular, it is forecast that 2023 will be a promising year for the agro-forestry-fishery sector, a mainstay of the whole economy that plays an important role in ensuring global food security and maintains Vietnam’s position as the leading farm produce exporter.

In the processing industries, growth of beverages, medicines, pharmaceuticals, machinery and equipment will propel the sector next year.

Target of 6.5% economic growth for 2023 is a challenge: GSO leader hinh anh 2

Illustrative image (Photo: VNA)

Reviving tourism, especially domestic tourism that is predicted to triple, will lead to growth in transportation, lodging and dining services, wholesale and retail to the pre-pandemic level, she said.

In order to achieve global trade targets in 2023, Huong suggested firms improve corporate governance practices, and renovate equipment and technology to meet technical and food safety and hygiene standards of importers.

Management agencies were asked to seek solutions for strategic goods, help enterprises make the best use of advantages brought about by free trade agreements, accelerate bilateral and multilateral negotiations with key and promising markets and regions, promote exports to developing, newly emerging and potential markets apart from traditional markets such as the US, the EU, China, East Asia and ASEAN.

Amid uncertainties at home and abroad, Huong said the number of new orders may drop till the end of the first quarter or the second quarter next year, forcing many workers to loss their jobs.

Therefore, the GSO proposed effectively rolling out policies in support of businesses and workers, launching domestic demand stimulation drives, promoting trade and seeking new markets and orders.

At the same time, vocational training establishments should be restructured to ensure the supply of qualified workers while the labour market governance system should be connected with the national database on population and other databases, making it easier to have a general view of labour supply-demand and social welfare.

According to the official, changes in consumption behaviours in the post-pandemic period, proactive production in the agro-forestry-fishery sector, remarkable growth of industrial production, high travelling demand and new-generation free trade agreements contributed to Vietnam’s economic growth this year./.

Source: VNA
en.vietnamplus.vn

Related News

Creating breakthrough solutions to attract large-scale FDI projects

Creating breakthrough solutions to attract large-scale FDI projects

VCN - Attracting foreign investment (FDI) in the first two months of 2024 is at a high level, so it is expected to be a good signal affecting economic growth in 2024 as well as 2025.
A lot of room for growth in the potential for Vietnam - Rok financial cooperation

A lot of room for growth in the potential for Vietnam - Rok financial cooperation

VCN - During the business trip program to the Republic of Korea (RoK), the delegation of the Ministry of Finance led by Minister Ho Duc Phoc had a working session with the RoK’s Deputy Prime Minister and Minister of Economy and Finance on March 8, at the Government Complex Seoul.
Lang Son: Bustling with exports at the beginning of the year

Lang Son: Bustling with exports at the beginning of the year

VCN - Lunar New Year Giap Thin 2024 is approaching. Bustling cargo trucks arriving at border gates in Lang Son province seem to paint a vivid picture of spring at the border.
Financial policy promotes green economic development

Financial policy promotes green economic development

VCN - To realize the goal of reducing net emissions to zero by 2050 as committed at COP26, Vietnam is urgently concretizing this commitment before the international community. Regarding the Finance sector, recently, the Ministry of Finance has promoted the completion of financial policies to concretize policies and create conditions for green economic development.

Latest News

Sustainable production a prerequisite for international economic integration

Sustainable production a prerequisite for international economic integration

This business workshop brought together members of key government, business and investment communities for peer-to-peer sharing of the most updated legal regulation on emission reduction, corporate experiences towards net zero, and to discuss concrete opportunities for enabling green transformation in Việt Nam.
Peacekeepers help promote Vietnam’s image

Peacekeepers help promote Vietnam’s image

Vietnamese peacekeeping forces are developing strongly, contributing to affirming Vietnam’s role in the world arena and demonstrating Vietnam’s efforts and commitments to joining UN peacekeeping operations and building global peace and security.
ADB maintains 6% growth forecast for Vietnam"s economy

ADB maintains 6% growth forecast for Vietnam"s economy

The Asian Development Bank (ADB) has maintained its earlier growth projection for Vietnam this year despite lingering uncertainties in the external environment. Vietnam’s economy is expected to grow at 6.0% and 6.2% in 2024 and 2025, respectively, heard a conference held in Hanoi on April 11.
Vietnam among world"s top 10 countries for pork consumption

Vietnam among world"s top 10 countries for pork consumption

Vietnam is now one of the world's top 10 countries for pork consumption, latest statistics have revealed.

More News

EuroCham: Vietnam"s economic growth boosts European businesses’ confidence

EuroCham: Vietnam"s economic growth boosts European businesses’ confidence

The European Chamber of Commerce Vietnam (EuroCham) on April 8 released the Business Confidence Index (BCI) for the first quarter of 2024, saying that the index reached 52.8 points - the highest level since 2022.
Vietnam, Laos sign new trade agreement

Vietnam, Laos sign new trade agreement

Minister of Industry and Trade Nguyen Hong Dien and Lao Minister of Industry and Commerce Malaithong Kommasith signed a new Vietnam-Laos trade agreement following their talks in Vientiane, Laos, on April 8.
NA Chairman meets with Chinese top leader in Beijing

NA Chairman meets with Chinese top leader in Beijing

National Assembly (NA) Chairman Vuong Dinh Hue had a meeting with General Secretary of the Communist Party of China (CPC) Central Committee and Chinese President Xi Jinping in Beijing on April 8 as part of his ongoing official visit to China.
NA Chairman meets Vietnamese community in China

NA Chairman meets Vietnamese community in China

National Assembly (NA) Chairman Vuong Dinh Hue visited the Vietnamese Embassy and met representatives of the Vietnamese community in China right after he arrived in Beijing for an official visit to the country on April 7 afternoon.
Many export product groups are at risk of being investigated and subject to trade defense measures

Many export product groups are at risk of being investigated and subject to trade defense measures

VCN - Many groups of goods such as wood, iron and steel, construction materials, manufactured industrial products exported to the US, EU... are at risk of being investigated, subject to trade defense measures, and evading defense measures. commerce.
NA Chairman arrives in Beijing for official visit

NA Chairman arrives in Beijing for official visit

Chairman of the National Assembly (NA) Vuong Dinh Hue and a high-ranking delegation of Vietnam arrived in Beijing on April 7 afternoon, beginning a six-day official visit to China.
Vietnam ranked 6th among fastest growing Asian economies in 2024

Vietnam ranked 6th among fastest growing Asian economies in 2024

The US website finance.yahoo.com placed Vietnam 6th among the fastest growing economies in Asia in 2024 in its article published on April 4.
Vietnam boasts great potential for developing data centres

Vietnam boasts great potential for developing data centres

Data centres are expected to play a crucial role in supporting Vietnam's digital transformation, so despite the fact that the centre are in the nascent stage, many foreign investors anticipate effective investment-attraction policies soon to meet demand.
Tourism sector likely to achieve yearly goal of 18 million foreign visitors

Tourism sector likely to achieve yearly goal of 18 million foreign visitors

The tourism sector is striving to maintain the growth momentum recorded in the first quarter so as to fulfil the target of serving 18 million foreign visitors this year, given a full recovery in most of Vietnam’s markets.
Read More

Your care

Latest Most read
Sustainable production a prerequisite for international economic integration

Sustainable production a prerequisite for international economic integration

This business workshop brought together members of key government, business and investment communities for peer-to-peer sharing of the most updated legal regulation on emission reduction, corporate experiences towards net zero, and to discuss concrete opportunities for enabling green transformation in Việt Nam.
Peacekeepers help promote Vietnam’s image

Peacekeepers help promote Vietnam’s image

Vietnamese peacekeeping forces are developing strongly, contributing to affirming Vietnam’s role in the world arena and demonstrating Vietnam’s efforts and commitments to joining UN peacekeeping operations and building global peace and security.
ADB maintains 6% growth forecast for Vietnam"s economy

ADB maintains 6% growth forecast for Vietnam"s economy

The Asian Development Bank (ADB) has maintained its earlier growth projection for Vietnam this year despite lingering uncertainties in the external environment. Vietnam’s economy is expected to grow at 6.0% and 6.2% in 2024 and 2025, respectively, heard a conference held in Hanoi on April 11.
Vietnam among world"s top 10 countries for pork consumption

Vietnam among world"s top 10 countries for pork consumption

Vietnam is now one of the world's top 10 countries for pork consumption, latest statistics have revealed.
EuroCham: Vietnam"s economic growth boosts European businesses’ confidence

EuroCham: Vietnam"s economic growth boosts European businesses’ confidence

The European Chamber of Commerce Vietnam (EuroCham) on April 8 released the Business Confidence Index (BCI) for the first quarter of 2024, saying that the index reached 52.8 points - the highest level since 2022.
Mobile Version