Economic picture in the first 5 months of the year: Many “bright spots” are shown in numbers
Last week, the National Assembly spent a lot of time discussing in the Hall to assess the socio-economic situation in the first months of the year. An important database considered by the National Assembly deputies is the figures on the socio-economic situation in May and the first 5 months of the year announced by the General Statistics Office. The economic picture in the past 5 months has shown many signs of improvement, during the recovery period after the COVID-19 epidemic. The most notable numbers are the industrial production index. This index in May increased by 10.4% over the same period in 2021, higher than in both 2018 and 2019. Notably, Bac Giang also increased by 43%, Bac Ninh by 20%. These are two localities that were significantly affected by the epidemic in the same period last year.
It can be seen that when the COVID-19 epidemic is under control, manufacturing enterprises have adapted to the new context, overcome difficulties to recover and expand production and business, especially the processing industry. create.
In May, the amount newly established business at the highest level in the same period in the past 5 years. 13.4 thousand newly established enterprises in May and 5 months are 63 thousand newly registered enterprises.
Talking about economic recovery and development programs, I see that consumer demand stimulus policies have also started to work. When the total retail sales of consumer goods and services in May increased by 22.6% over the same period.
The scale of increase is also higher than the same period in the years before the COVID-19 epidemic. It can be seen that people’s daily life is gradually returning to the normal state of the years before the Covid-19 epidemic. Even tourism demand has increased again. In the revenue of consumer services, accommodation, catering and travel services recovered strongly, especially travel and tourism also increased by 324.3% over the same period last year.
In particular, our country’s tourism industry is being warmed by summer. Not only domestic tourism, but also international tourism also have many signs of improvement. Typically, the number of international visitors to Vietnam in May increased by more than 70% compared to April and 12.8 times over the same period last year, reaching nearly 173,000 arrivals.
The number of international visitors to Vietnam skyrocketed in May
Sonia, a French tourist, said: “I’m very happy to come here. It’s been a long time since I traveled. The food and scenery here are very attractive.”
The resumption of international flights, the suspension of testing requirements before entry, the well-controlled COVID-19 epidemic… are the reasons for attracting foreign tourists to Vietnam.
Besides, our country’s hosting of SEA GAMES 31 in May also attracts a large number of sports delegations and fans in the region to participate in the competition in combination with tourism, in which, Hanoi – the place where the most competitions take place, attracting 85,000 international visitors in May.
Mr. Tran Trung Hieu, Deputy Director of Ho Chi Minh City Department of Tourism. Hanoi, said: “Through this event, every athlete, every visitor to Hanoi will be a propagandist. Through their own experience, they will introduce to international friends.”
According to the General Statistics Office, in the first five months of the year, the number of international visitors to Vietnam reached more than 365,000, 4.5 times higher than the same period last year. Of these, the number of visitors from Australia and the Americas increased the most, with increases of more than 2,900% and over 2,100% respectively, followed by visitors from Europe, increasing by more than 975%.
Mr. Tran Trong Kien, Chairman of the Tourism Advisory Council, said: “Along with the increase in the number of visitors, we must also increase the revenue per visitor. We must do something to make the product newer and more attractive. But most importantly focus on strategic markets”.
Along with the increase in international visitors, the development capacity index of Vietnam’s tourism industry has also improved. According to the latest report of the World Economic Forum, this index of Vietnam in 2021 increased 8 places compared to 2019, among the 3 highest increasing countries in the world.
Not only more and more international tourists, but more and more foreign investment flows tend to choose Vietnam as a destination. Foreign direct investment (FDI) has reached the highest increase in the past 5 years. FDI in the first 5 months of the year reached 7.71 billion USD, up 7.8% over the same period. In which, the processing and manufacturing industry accounted for more than 76% of the total capital.
According to a recent survey by HSBC, many FDI companies have plans to expand their business in Vietnam in the next two years. This trend is said to be not temporary, but strategic and long-term.
After the Government made a commitment to reduce net emissions to zero by 2050, there have been many new high-quality and sustainable FDI projects choosing Vietnam as a destination, promising to create a “lane”. wave “new investment changes the economy..
Alain Cany, President of the European Chamber of Commerce in Vietnam (EuroCham) said: This is not the future, but the reality is happening. We are carrying out an investment promotion program, which is expected to bring about 300 European businesses in green economic fields to Vietnam to learn about investment and business feedback has been very positive. With a policy to encourage sustainable growth, Vietnam can be ahead of many other countries in the region.
Tax payment extension to power the business
Not only will the recovery momentum be driven by the economy’s internal resources, but in the second half of the year, the VND350,000 billion support package will also gradually seep into the production and business activities of each business and household, creating a ripple effect. . At the end of last week, Deputy Prime Minister Le Minh Khai just signed Decree No. 34 extending the deadline for paying value added tax, corporate income tax, personal income tax and land rent in 2022. The extension period is from 3 to 6 months depending on the type of tax. This policy has received a high response from the business community, helping to reduce the financial pressure of businesses to restore production and business.
According to experts, the tax payment extension policy is very meaningful to businesses. This is essentially an interest-free loan from the State for businesses within 3 to 6 months.
The representative of the General Department of Taxation said: The object of tax extension is inherited from the extension policy of 2021. Those are businesses, business households and individuals affected by the epidemic, and businesses only need to do it. very simple procedure.
Pham Thi Minh Hien, Deputy Director of Tax Policy Department, General Department of Taxation, said: “Taxpayers only need to submit an application for extension to the tax authority directly and no later than September 30, 2022. The General Department of Taxation will also send a dispatch to direct tax authorities at all levels to propagate and guide taxpayers to understand the policy and benefit from this policy. type, the organization urges the collection and payment of this tax amount in full immediately after the extension ends”.
It is expected that more than 140,000 businesses and business households will benefit from the tax extension policy in 2022, with an estimated amount of over VND 123 trillion.
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