Vietnam’s economy is recovering strongly

GDP growth in the first quarter exceeded 5%

Right on the front page Labor is an article titled “GDP growth in the first quarter exceeds 5% – the economy is recovering strongly”. This increase is higher than the growth rate of 4.72% in the first quarter of 2021.

According to the newspaper, the optimistic points in the first quarter came from the agriculture, forestry and fishery sector, up 2.45%, industry and construction up 6.38%, services up 4.58%.

Industrial production in the first quarter also prospered with the added value of the whole industry increasing by 7.07% over the same period last year. This is the result of the Government and the National Assembly’s determination to recover and develop the economy over the past time, creating confidence and motivation for the business community to develop, production and business activities.

In addition to the bright spots in the data released by the General Statistics Office, foreign investment in Vietnam also has positive recovery trends. Registered capital decreased but disbursed capital increased. Specifically, according to the newspaper Investdisbursed capital reached 4.42 billion USD in 3 months, up 7.8% over the same period last year.

This indicates a strong rebound. Thanks to the continuous and effective support of the Government and authorities, and the efforts of the business community to overcome the pandemic and adapt to the new situation, businesses have gradually recovered, maintained and expand production and business activities here. That is the reason why disbursed capital continuously increased.

Illustration – Photo: VNA.

Positive outlook for the whole year 2022

According to the sheet Financial TimesGDP growth in the remaining quarters of 2022 will achieve better results from solutions implemented in the program of socio-economic recovery and development.

The opening of tourism, the recovery of production, and an increase in workers’ incomes will promote market service industries to thrive on low or negative growth in 2020 and 2021.

It can be seen that the GDP figure that has gradually increased over the quarters and exceeded the 5% mark is a sign that flexible epidemic prevention and control policies combined with supporting businesses and people have promoted effectively.

In addition to the fact that Vietnam has an important foundation that is a high rate of COVID-19 vaccination, the drastic intervention of the Government and the National Assembly to take measures to reduce taxes and fees also partly helps people and businesses. rest assured production and business.

According to the newspaper New Hanoithe pandemic is a push to accelerate administrative reform and the sooner the policy is issued and implemented, the greater the opportunity for production and business recovery and socio-economic development to be restored, the enforcement must also be. flexible to be both a support for businesses and people and achieve growth goals, while maintaining macro stability and major balances of the economy in the medium and long term.

Also emphasizing the importance of reform, the Investment Review said that although business confidence has returned, reflected in the numbers of enterprises entering and re-entering the market, the correct implementation The Government’s commitments, following the principle of “taking the recovery and development of businesses as the goal as the driving force” will certainly create a big boost.

Empowering employees

Referring to the return of business confidence, the press this week also mentioned a very timely policy that is the Prime Minister signed a decision on the implementation of the policy to support rent for employees. . Two groups are supported: workers working in industrial parks, export processing zones or key economic zones and workers returning to the labor market.

The Ho Chi Minh City Law Newspaper said that the support level for the first object is 500,000 VND/person/month for up to 3 months, monthly payment method and some conditions such as renting a house from 1/1-30/ 6/2022. As for the group of workers returning to the labor market, they will receive a support of 1 million VND/person/month, up to 3 months with some conditions. It is expected that over 3.4 million workers will be supported with a total cost of over 5,800 billion VND.

Assessing this as a very timely sharing, it is a great source of spiritual encouragement, contributing to encouraging foreign workers to return to work, the newspaper said. Workers He also said that it is necessary to simplify procedures and speed up the implementation so that the support money can soon reach the difficult workers.

Over 3.4 million people will be supported with rent. Illustration: VNA

In the past two years, workers really struggled because of the pandemic, but also in those two years, the Government implemented many support policies such as reducing the insurance premium for occupational accidents and diseases; suspending contributions to the retirement and survivorship fund; support job maintenance training for employees; support employees to suspend labor contracts or take unpaid leave; Support workers to stop working…

So according to the newspaper Great SolidarityThe Government’s support policies for businesses and employees have made an important contribution to helping many businesses not fall, restore production, and reduce difficulties for workers. This time, with rent assistance is another much needed, reasonable help.

Policy is timely and there are great expectations for a recovery. However, according to the General Statistics Office, Vietnam’s economy entering the second quarter will face many difficulties due to its large economic openness, while the geopolitical situation is complicated and the world economy increases. growth slows down, commodity prices rise… Therefore, to achieve the target of 6.5% growth, it is necessary to be more flexible and make more efforts in the coming quarters.

According to the News Department