Vietnam achieves positive socio-economic results in April

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Vietnam faced many difficulties in April including inflationary pressure from multiple countries, the growth slowdown of many of its major markets, and the soaring costs of raw materials and production.

However, the country was able to maintain growth momentum from the first quarter in April across all fields. International organisations have also released optimistic forecasts for Vietnam’s economy.

According to a report by the Ministry of Planning and Investment, in April, state budget collection reached 46% of the estimate and rose by more than 13% year on year.

Exports in the first four months of the year increased by more than 16%. Vietnam exported more than 2 million tons of rice at a higher value while ensuring food security.

The labour market is also recovering strongly and has essentially met the demand. meanwhile, nearly 6 billion USD in FDI was disbursed over the past four months, the highest level since 2018.

VTV

For more information, please contact Vietnam Trade Office in Canada at Ca@moit.gov.vn