A trade surplus is recorded for the 8th consecutive year with an estimated surplus of nearly 30 billion USD, nearly 3 times higher than last year.
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| Deputy Prime Minister Tran Hong Ha attended and directed the conference. |
In 2023, the world situation continues to be complicated and unpredictable, the global economy recovers slowly; declining demand has had a direct impact on countries with high economic openness, including Vietnam. Domestically, the production and business situation also faced many difficulties due to the weakened economy after the COVID-19 period.
In that context, the industry and trade sector continues to achieve remarkable results. The industry’s added value is estimated to increase by 2.98% for the whole year, of which the processing and manufacturing industry is estimated to increase by 3.48%.
Total retail sales of goods and services went up 9.6%, exceeding the set plan of 8-9%, serving as a pillar for economic growth. E-commerce grew impressively at 25% over the same period, estimated at 20.5 billion USD, thanks to which Vietnam has one of the world's leading e-commerce growth rates.
For 2024, the industry sets a target of industrial production index rising by 7-8%; total import-export turnover increasing by 6%; and total retail sales of goods and consumer service revenue soaring by 9%.
Speaking at the conference, Deputy Prime Minister Tran Hong Ha affirmed that the industry is leading with two pillars to innovate and develop the country, its performance in 2023 is revolutionary, innovative and challenging.
He also requested the Ministry of Industry and Trade to frankly identify difficulties, challenges and shortcomings to determine solutions in the coming time.
Meanwhile, Minister of Industry and Trade Nguyen Hong Dien said that the industry will focus on implementing five key tasks for next year, including finalizing national sector plans and promoting economic integration to catch the wave of shifting investment to third countries by multinational groups./.