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Thursday, June 13, 2024

An anchor needed to psych up businesses

By Do Thien Anh Tuan

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It is high time to create a sense of security for the business community for long-term investment, avoiding short-term speculation. Sweet fruits  With a GDP growth rate of 5.05%, Vietnam was among the world’s fastest-growing economies in 2023. Achieving this growth rate at a time full of uncertainties is not easy, especially as our economy has greater exposure, demonstrating the continued improvement in internal strength, resilience, and diversification. What is truly significant is that we still maintain the macroeconomic stability, with inflation being kept under control at a low level to prevent erosion of people’s incomes and livelihoods. The country’s gross national income (GNI) per capita in 2023 reached an estimated US$4,300. Vietnam has a real chance of becoming an upper-middle-income country in 2024, as per the World Bank’s classification. The development has become more deep-rooted, with expanded driving forces and improved growth quality. The role of science, technology, and innovation has been elevated. The country’s Global Innovation Index (GII) has risen two places from 2022, ranking 46th out of 132 economies, leading the group of nations with lower-middle-income levels. Alongside economic development, social and environmental issues have also been properly addressed. The poverty rate is estimated to decrease to […]
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