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Tuesday, September 26, 2023

Weak consumption is harmful for growth

By Tue Nhien

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Weak consumption is one of the factors that have impacted enterprises’ investment and business expansion plans, thereby adversely affecting the economy. What can be done to address this challenge? Sluggish consumption hampers economic growth According to a report from the General Statistics Office (GSO), the total revenue from retail goods and services in the first half of 2023 was estimated at VND3,016,800 billion, a 10.9% increase compared to the same period last year. However, it is still lower than the year-on-year growth of 12.2% recorded in the first half of […]
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