Target of 6.5% economic growth for 2023 is a challenge: GSO leader
The target of 6.5% economic growth set by the National Assembly for next year, lower than the growth of 8.02% recorded in 2022, will be a challenge, said General Director of the General Statistics Office (GSO) Nguyen Thi Huong.
Hanoi (VNA) – 🍌The target of6.5% economic growth set by the National Assembly for next year, lower than the growth of 8.02% recorded in 2022, will be a challenge, said General Director of the General StatisticsOffice (GSO) Nguyen Thi Huong.
Inan interview granted to the Vietnam News Agency (VNA), Huong said the growth target is based on pillars such as agro-forestry-fishery, processingindustries, tourism, consumption and public investment. Politicalstability and social security are also expected to maintain growth momentumnext year. Inparticular, it is forecast that 2023 will be a promising year for the agro-forestry-fishery sector, a mainstay of the whole economy that plays an important role in ensuringglobal food security and maintains Vietnam’s position as the leading farmproduce exporter.
In the processing industries, growth of beverages, medicines, pharmaceuticals,machinery and equipment will propel the sector next year.
Illustrative image (Photo: VNA)
Reviving tourism, especially domestic tourism that is predicted to triple, will lead to growth in transportation,lodging and dining services, wholesale and retail to the pre-pandemic level, she said. Inorder to achieve global trade targets in 2023, Huong suggested firms improve corporategovernance practices, and renovate equipment and technology to meet technical andfood safety and hygiene standards of importers. Management agencies were asked to seek solutions for strategic goods, helpenterprises make the best use of advantages brought about by free tradeagreements, accelerate bilateral and multilateral negotiations with key and promisingmarkets and regions, promote exports to developing, newly emerging andpotential markets apart from traditional markets such as the US, the EU, China,East Asia and ASEAN. Amiduncertainties at home and abroad, Huong said the number of new orders may droptill the end of the first quarter or the second quarter next year, forcing many workers to loss their jobs. Therefore,the GSO proposed effectively rolling out policies in support of businesses andworkers, launching domestic demand stimulation drives, promoting trade andseeking new markets and orders. Atthe same time, vocational training establishments should be restructured to ensurethe supply of qualified workers while the labour market governance systemshould be connected with the national database on population and otherdatabases, making it easier to have a general view of labour supply-demand and socialwelfare. Accordingto the official, changes in consumption behaviours in the post-pandemic period, proactive production in the agro-forestry-fishery sector, remarkable growth of industrial production, hightravelling demand and new-generation free trade agreements contributed toVietnam’s economic growth this year./.
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Illustrative image (Photo: VNA) 
Illustrative image (Photo: VNA) 
