Director General Nguyen Thi Huong chaired the press conference

On the morning of June 29th, 2022, the General Statistics Office (GSO) held a press conference to announce the socio-economic statistics of the second quarter and the first six months of 2022. Ms. Nguyen Thi Huong, General Director chaired the press conference. At the press conference, Ms. Nguyen Thi Huong, announced the basic issues about the socio-economic situation of Vietnam in the second quarter and six months of 2022. Accordingly, gross domestic product (GDP) in the second quarter of 2022 was estimated to increase by 7.72% over the same period last year, higher than the growth rate of the second quarter of the years in the period 2011-2021.  Generally for the first 6 months of 2022, GDP increased by 6.42%, higher than the growth rate of 2.04% in the first 6 months of 2020 and the growth rate of 5.74% in the first 6 months of 2021 but lower than the growth rate of 7.28 % and 6.98% of the same period in 2018 and 2019.

Our country’s socio-economic development in the first six months of 2022 prospered in most industries and fields. Some industries had higher growth rates before the Covid-19 epidemic appeared, such as the Processing and manufacturing industry, total retail sales of consumer goods and services, export of goods, etc. Achievements of sectors and fields in the second quarter and first six months of 2022 are as follows:

           Some major socio-economic indicators in 6 months of 2022 are as follows:

          – Gross domestic product (GDP):  + 6.42%

          – Index of industrial production (IIP):  + 8.7%

          – Number of newly established enterprises:  76,233 enterprises

          – Gross retail sales of consumer goods and services: + 11.7%

          – Realized investment capital: + 9.6%

          – Total export turnover of goods: + 17.3%

          – Total import turnover of goods: + 15.5%

          – Trade surplus:  710 million USD

          – International visitors to Vietnam:  +582.2%

          – Average consumer price index:  + 2.44%

          – Core inflation:  + 1.25%

          – Labour force at 15 years of age and above:  51.4 million people

          – Employed population at 15 years of age and above: 50.3 million people

          – Unemployment rate of labour force at working age: 2.39%

          – Underemployment rate of labour force at working age: 2.48%

In general, in the context of the world’s economic and political situation with unpredictable fluctuations, negatively affecting the socio-economic development of most countries, the socio-economic picture of Vietnam in the first six months of 2022 still maintained quite positive results in many fields due to the participation of the whole political system, the timely, drastic and close direction, and management of the Government and the Prime Minister; trust and efforts of all levels, sectors, localities, business community and people nationwide.The central and local agencies have adapted safely and flexibly to prevent and control the Covid-19 epidemic effectively, and the high rate of vaccine coverage for the people is one of the core conditions for determination to recover the socio-economic quickly and sustainably. The economy achieved a growth rate of 6.42%, which is quite a growth rate compared to other countries in the region and the world; macroeconomic stability; Inflation controlled at an appropriate level. Supply and demand of essential goods were guaranteed, and goods procurement, consumption, and export activities increased. The area of ​​agriculture, forestry, and fishery has a relatively high growth rate, confirming that the restructuring of the industry has brought into play effectively, ensuring the supply of food, food, and essential goods. Production activities The processing and manufacturing industry continues to play an important role in promoting economic growth in the first six months of 2022. The progress of disbursement of public investment capital has improved markedly, the growth rate of investment capital from the State budget reached a high level, and social security has been paid attention to realized.

Overview of the press conference

However, in addition to the achieved results, entering the third quarter, our country’s economy – society still faces many difficulties and challenges, especially since the Vietnamese economy has a large openness, so it is affected by the intertwined impact in many aspects by the complicated and unpredictable world political situation. The world’s economic growth slowed down, supply chain disruptions, high prices of essential goods, high global inflation, etc. Although the Covid-19 epidemic has been controlled in Vietnam, with new variants, there may be complicated developments in the world. Therefore, Vietnam’s economy in the last six months of 2022 continues to face many difficulties. To achieve the goal of growth, control inflation, and ensure the people’s life, it needs the joint efforts and consensus of the Party, the National Assembly, the Government, businesses, and the people of our country. Sectors and levels should strengthen forecasts, proactively operate flexibly, under the new situation, promptly respond to arising situations, and focus on effectively implementing synchronously the tasks and solutions proposed issued in Resolution No. 01/NQ-CP, Resolution No. 11/NQ-CP and the Covid-19 epidemic prevention and control program (2022-2023). At the same time, focus on the following contents:

Firstly,continue to consistently implement the motto “Living safely with the Covid-19 epidemic”; actively implement timely, safe and effective vaccination for children from 5 to 12 years old and booster injection for adults.Do not be subjective, neglect when the disease situation can still develop complicated and unpredictable due to the decrease in antibodies after a period of vaccination and the appearance of new strains; timely response to seasonal epidemics, such as Dengue fever, hand, foot, and mouth disease…; a risk that diseases from around the world could enter Vietnam, such as monkeypox. Ensuring the supply of drugs, equipment, supplies, and medical-biological products for medical examination, treatment and epidemic prevention, and control.

Secondly, drastically and quickly implement the tasks and investment projects under the Economic Recovery and Development Program in 2022-2023; accelerate disbursement of public investment for key projects with high pervasiveness, upgrading synchronous infrastructure, focusing on transitional projects, completed in 2022 and early 2023; speed up the completion of project documents, plan assignment, and site clearance.

Thirdly, proactively and flexibly manage monetary policy in combination with fiscal policy, both stabilizing the macro-economy, controlling inflation, and supporting businesses and business establishments in accessing valuable capital. cheap Continuously update forecast scenarios on growth and inflation to proactively manage and respond to arising situations. Closely monitor price movements of most essential commodities, especially petroleum products, develop plans to ensure supply regulation, and limit sudden price increases to minimize impacts on inflation and people’s lives.

Fourthly, boost domestic production, especially raw materials, fuel, and input materials, limit imports, and proactively supply. To plan raw material production areas for animal feed production, to make the most of available raw materials for domestic animal feed to replace imported sources.

Effectively deploying export promotion activities, connecting supply and demand, promoting trade, removing barriers, creating favorable conditions for domestic consumption and export of agricultural, forestry, and fishery products; adopt policies to tighten regulations on traceability of imported goods, diversify markets and export goods, especially potential and traditional markets.

Fifthly, ministries, branches, and localities continue to accelerate the roadmap to cut and simplify administrative procedures, improve the business investment environment, and create maximum favorable conditions for businesses in their operations. production and business, especially enterprises in the field of service and tourism; well prepare the infrastructure to welcome international tourist groups at the end of the year.

Sixthly, closely monitor the weather situation, proactively plan for disaster prevention, and warn of rain, floods, landslides, impacts of drought, and saltwater intrusion to minimize damage to production and people’s lives. Effectively implement policies on social security, labor, and employment. Implement well the work of unexpected assistance, ensuring that people in danger or disaster receive timely support, overcome difficulties, and stabilize their lives. Strengthen the work of ensuring traffic order and safety, environmental protection, and fire and explosion prevention.

Seventhly, strengthen information, propagate beautiful images about the country and people of Vietnam, set examples of good people and good deeds; prevent and destroy bad and untrue information that causes panic among people./.