April’s economy continues to prosper

April developments had difficulties and challenges such as inflationary pressure in other countries; many major markets of Vietnam reduce their growth rate; raw material prices, input costs increase. However, following the development momentum of the first quarter, the socio-economic situation in April continued to prosper in most fields.

International organizations such as the World Bank, the International Monetary Fund, the Asian Development Bank… all have good reviews and positive forecasts about Vietnam’s economy.

According to the report of the Ministry of Planning and Investment, the macro-economy in April continued to remain stable. A number of violations were promptly handled so that the capital market could develop safely, transparently, effectively and sustainably.

State budget revenue was estimated at nearly 46% of the estimate, up more than 13% over the same period. Exports in 4 months increased by more than 16%. Energy security and food security are guaranteed. Export more than 2 million tons of rice with higher value.

Labor market strongly recovered, basically meeting the labor demand for production and business.

Industrial production recovered strongly, April increased by 9.4% over the same period last year; In general, 4 months increased by 7.5%. In which, the processing and manufacturing industry increased by 11.3%, higher than the growth rate of 5.8% and 9.6% of the same period in 2018 and 2019, the years without the COVID-19 epidemic.

Agriculture, forestry and fishery production achieved positive results; The market for agricultural, forestry and fishery products has been opened and expanded. Aquatic production in April was estimated at 736.4 thousand tons, up 2.6% over the same period last year.

Trade and service activities took place more vibrantly. Total retail sales of consumer goods and services increased by 12.1% over the same period; In general, 4 months increased by 6.5% over the same period last year. Tourism strongly recovered; international visitors in April were 5.2 times higher than the same period last year; 4 months increased by 184.7 %.

Realized FDI capital in 4 months reached 5.92 billion USD (the highest level since 2018), up 7.6%. The number of newly registered enterprises increased the highest ever with more than 15,000 enterprises; in 4 months, the number of newly established enterprises increased by 12.3%, enterprises returning to operation increased by 60.6%, the total additional registered capital increased by 39.4% over the same period.

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