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Country maintains stable economic growth in July
The economic growth was kept stable in July and the first seven months of this year despite the fact that many difficulties and problems have not been solved.
The assessment was made by the Ministry of Planning and Investment (MPI) at a meeting between authorised agencies, corporations and enterprises on July 25.
According to MPI, industrial production in July increased 16.1 percent over the same month last year, but it was the lowest growth rate this year.
The most satisfactory results were seen in the agro-forestry-fisheries fields, which usually face many risks in production. The country harvested a bumper winter-spring crop and aquatic output in seven months reached 2.5 million tonnes, up 14 percent year-on-year.
In July, Vietnam gained an export turnover of 6.25 billion USD, up 0.8 percent over June, bringing the total export turnover in the first seven months to 36.6 billion USD.
The import turnover in the month was 7.05 billion USD, up 1.8 percent over June, pushing the seven-month turnover to 51.9 billion USD, up 56.8 percent year-on-year. However, the trade deficit reduced 0.8 billion USD compared to the June figure.
At the conference, the MPI appreciated the efficiency of the Government’s solutions to curb inflation and stabilise the macro economy, which have impacted positively on the economy over the past months.
The ministry also said it was necessary to exert more efforts to overcome difficulties and challenges to keep the consumer price index (CPI) growth below 25 percent and to obtain a possible highest GDP growth rate by the year’s end.
VNA
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