According to Dr. Nguyen Dinh Cung, GDP in the first quarter of 2024 increased 5.66 per cent year-on-year, the highest year-on-year growth in Q1 during the 2020-2023 period. But growth in the Index of Industrial Production (IIP) and the Purchasing Managers Index (PMI) indicated that the economic recovery seen in the first quarter is not sustainable. Exports have not been able to recover strongly, foreign investment attraction is still low, and the number of businesses withdrawing from the market increased abnormally, revealing an unstable business environment, with domestic economy facing many challenges that need to be overcome. Dr. Cung predicted that, in the long term, Vietnam’s economy is not expected to record significant breakthroughs and further effort is required from the government and stakeholders.