(VOVWORLD) - The General Statistics Office of the Ministry of Planning and Investment has released a report on Vietnam’s economy for February.
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Since the beginning of this year, the industrial production index increased nearly 6% with more than 41,000 businesses registered for establishment and resuming operation. Foreign direct investment (FDI) implementation reached the highest rate for the same period in the past 5 years. Export and import turnover is estimated to be 114 billion USD, and inflation is under control at 2.84%.
Do Thi Ngoc, Deputy Director General of the General Statistics Office, said: “Industry has grown and imports and exports have recovered, showing that the global demand is recovering. When exports increase, it will create momentum for domestic production and boost the three prime economic sectors of agro-forestry-fishery, construction, and services. These are the driving forces for Vietnam’s economic growth this year.”
Ms. Ngoc said that in order to reach the annual targets, the government should continue to flexibly combine monetary and fiscal policy to create a stable macro-environment, encourage investment, increase access to credit capital, accelerate public investment, and make good use of trade agreements to which Vietnam is a member while negotiating new agreements.