That is the result of maintaining macroeconomic stability, controlling inflation, and especially the flexible and effective management of fiscal and monetary policies.
Despite the impact of natural disasters, fluctuations in world prices and many risks in the international investment environment, Vietnam still maintains a steady growth rate among three regions: Agriculture, forestry and fishery increased by 3.74%; industry and construction increased by 9.46%; services increased by 8.54%.
It is noteworthy that this growth is not based on short-term factors but comes from endogenous motivations that are being unleashed. Processing and manufacturing industry continues to play a leading role, agriculture remains stable while services recover strongly.
A fundamental factor is institutional reform, which has been penetrating deeply into economic life. A series of important Resolutions of the Politburo and the executive role of the Government - from Resolution 66 on law Firm, Resolution 68 on private economic development to Resolutions on digital transformation, innovation, regional development... are being effective.
The Resolutions have begun to come into life, creating a more open environment for businesses, encouraging innovation, reducing costs and increasing productivity.
It can be said that this high growth is the result of effective institutions and the confidence of people and businesses has been strengthened.
That belief creates new capital flows, new energy and new spirit in production and business. When businesses dare to invest, dare to expand, when people boldly spend, the spontaneous economy will move more strongly.
We still face many challenges in the journey to strive for GDP to reach 8.3 - 8.5% for the whole year, associated with macroeconomic stability and ensuring major balances - as required by Prime Minister Pham Minh Chinh.
To achieve this goal, there is still a lot of work to be done, in which traditional drivers such as exports, public investment and domestic consumption need to be supported to maintain a stable pace.
In particular, continuing to improve institutions, reform administration and develop high-quality human resources must be considered a prerequisite to strengthen the foundation for the next growth period.
If it continues to maintain confidence, reform institutions and innovate the growth model, Vietnam can completely turn today's impressive figures into the foundation for an era of sustainable development.
