Minister of Planning and Investment Nguyen Chi Dung at a national online conference held between the government and localities, and at the June government regular meeting, said that the macroeconomic situation in June and the first six months of the year was stable.

Dung said many important indicators such as growth rate, industrial production, services, disbursement of public investment, business registrations, FDI attraction and stock market performance have regained a strong momentum.

This shows the restoration of public confidence, which will help further the tasks scheduled for the last six months of the year.

The outstanding obstacles continue to be solved, especially those related to the real estate market, corporate bonds and investment projects, creating positive changes to cash flow and resources for the national economy.

Many localities in key economic regions have seen the GRDP in the second quarter higher than the first quarter and more than the country’s average rate, including HCM City (+ 5.9 percent, higher than the + 1.1 percent in the first quarter); Binh Duong (+ 5.7 percent, + 1.7 percent); Dong Nai (+ 4.8 percent, + 3.1 percent); Bac Giang (+ 13.8 percent, + 8.1 percent); and Vinh Phuc (+ 3.8 percent, - 4.5 percent).

The Government, the Prime Minister, ministries and branches have determined the difficulties incurred by enterprises and the economy, and applied solutions to support enterprises, helping to consolidate the confidence of enterprises, investors and the public.

However, Dung cited challenges ahead, which would put pressure on macroeconomic stability, major balances in the state budget, investment, consumption, labor, and social welfare.

MPI has drawn up two growth scenarios for the third quarter and the entire year of 2023. 

With scenario one, the GDP growth rate of the whole year would be 6 percent, while the figures would be 6.8 percent for the third quarter, and 9 percent for the fourth quarter, higher by 0.3 and 1.9 percentage points, respectively, compared with the scenarios shown in Resolution No 1.

With scenario two, the GDP growth rate of the whole year would be 6.5 percent, while the figures would be 7.4 percent in the third quarter and 10.3 percent in the fourth quarter, up 0.9 and 3.2 percentage points.

Citing measures to deal with difficulties and stimulate growth, Dung said that new policies that create requirements for new administrative procedures must not be issued.

Tran Thuong