2023: Macro-economic management stressful but effective
Looking back on Vietnam’s economic performance last year, Deputy Minister of Planning and Investment Tran Quoc Phuong said it was a tumultuous year and the country faced major pressure in macro-economic management. GDP growth for 2023 reached 5.05 per cent, while other indicators such as FDI attraction, newly-established enterprises, and public investment were also quite positive, revealing the continual efforts of the entire political system throughout the year. Economic forecasts for 2024 note that the challenges will again outnumber the opportunities. To achieve Vietnam’s growth goals, it is necessary to pay due regard to three issues: policies to support the economy, global tensions over energy prices, and public investment.