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Summary

ECONOMY - POLICY
6
Q3 GDP GROWTH AT 5.33%,

PUTTING PRESSURE ON Q4 GROWTH

W ith a growth target of 6-6.5 per cent for 2023 as a
whole, GDP growth in the third quarter of the year of
42 COVER STORY 5.33 per cent was lower than the scenario. This shows
that growth pressure in the fourth quarter of 2023 will be
quite high, but growth trends have become more positive,
Vietnamese Excellent Brands according to Ms. Nguyen Thi Huong, General Director of the

honor best enterprises the General Statistics Office of Vietnam (GSO). Explaining
why GDP growth in the third quarter of 2023 was lower than
expected, Ms. Huong said the economy in the first nine
T held by for the past 20 years to months has faced many difficulties and challenges.
he Vietnamese Excellent Brands program has been
honor businesses and entrepreneurs who strive to
overcome the difficulties and find breakthrough directions
with safe and sustainable development solutions, thereby
actively contributing to Vietnam’s prosperous development. 8 ECONOMY - POLICY
The upcoming Vietnamese Excellent Brands 2023 will honor
the Top 10 Vietnamese Excellent Brands, Top 10 Excellent
Brands - Outstanding Business Performance, Top 10 Excellent
Brands - Impressive Growth, Top 10 Excellent Brands -
Pioneer of Innovation, Top 10 Excellent Brands - Green
Growth, and Top 10 Excellent Brands - Sustainable
Development.

44 COVER STORY
BRANDS ASSOCIATED ‘Health’ of
WITH GREEN DEVELOPMENT manufacturing

A PIONEERING ADVANTAGE sector recovering

T he issue of branding has been identified as a core ccording to the General Statistics Office of Vietnam
issue in the development strategy of businesses. The
trend towards green living and green consumption A (GSO), the growth of industrial value added was
poses a new problem for Vietnamese brands to match estimated at 4.57 per cent year-on-year in the third
general development trends and enhance their position and quarter. This is the lowest increase in the quarter for many
competitiveness in both the domestic and foreign markets. years in the 2011-2023 period. However, in the context of
Brands built with green development values will enjoy a declining world aggregate demand, the increase reflects a
pioneering advantage in the market. recovery in the domestic manufacturing sector. The Index
of Industrial Production in the first nine months in a
number of key sectors in secondary industries increased
year-on-year. The GSO report also showed an increase in
employee numbers at industrial enterprises in September
compared to August.

4 KINH TẾ VIỆT NAM | Số 40 | Ngày 2/10/2023 www.vneconomy.vn