In the context that the world is facing many difficulties and challenges, Vietnam's socio-economic situation in April continued to have positive change, contributing to improving the overall results of the first four months of the year and creating momentum for new developments.

According to assessment from the representative of the General Statistics Office, the macro economy continues to be stable, inflation is controlled, major balances are guaranteed, the consumer price index (CPI) in April 2024 increased by 0, 07% compared to last month. Compared to December 2023, April CPI increased by 1.19% and compared to the same period last year increased by 4.4%. On average, in the first 4 months of the year, CPI increased by 3.93% over the same period last year, core inflation increased by 2.81%.

Along with that, the currency market is basically stable; loan interest rates decreased; stable exchange rates consistent with market developments; the safety of the banking system is guaranteed. Total state budget revenue in April 2024 is estimated to reach VND 175.6 trillion; cumulative total state budget revenue in the first four months of 2024 is estimated at VND 733.4 trillion, equal to 43.1% of the yearly estimate and increased by 10.1% over the same period last year.

Besides, in the first 4 months of 2024, goods exports continue to remain positive. Total import and export turnover of goods reached USD 238.88 billion, an increase of 15.2% over the same period last year; of which, exports increased by 15%; imports increased by 15.4%. The trade balance of goods had a surplus of USD 8.4 billion.

Realized foreign direct investment (FDI) in Vietnam in the past 4 months is estimated at USD 6.28 billion, an increase of 7.4% over the same period last year. This is the highest realized FDI capital of the first 4 months of the year in the past 5 years. Also in April 2024, the whole country had an additional 15.3 thousand newly registered businesses with a registered capital of VND 175.8 trillion. This number is a decrease of 4.1% in the number of businesses and an increase of 13.7% in registered capital compared to the same period in 2023. But compared to March 2024, the number of new businesses in April 2024 still increased by 8.4%.

The latest report of the World Bank (WB) also noted that Vietnam's economy is showing different signs of recovery and forecasts that economic growth will reach 5.5% in 2024 and gradually increase to 6% in 2025.

Kylie Nguyen