The World Bank has just released the Vietnam Macroeconomic Update Report for June, which emphasized the continued strong recovery of the Vietnamese economy despite increasing global uncertainty.
The report pointed out a number of bright spots in Vietnam’s economy such as industrial production continuing to increase by 10.4%.
Meanwhile, retail sales of consumer goods and services this month increased by 22.6% over the same period in 2021, showing the strong recovery of domestic consumer demand.
Inflation has inched up but is still significantly below the target of 4%. However, WB experts recommend that the Government encourage investment to increase supply. Investment in alternative energy production is likely to be the solution to reducing the economy’s dependence on imported fuels in the medium term and promoting greener growth.
VTV
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