Cumulative FDI commitment for 11 months of 2023 continued to increase (Photo: VNA) In its Vietnam Macro Monitoring report announcedon December 18, the bank stressed that efforts to restore confidence andpromote a healthy development of the real estate markets will be key tosupporting economic stability in the short term and economic growth in the longterm.
The report showed that cumulative FDI commitmentfor 11 months of 2023 continued to increase, reaching 28.8 billion USD, 14.8% higherthan the same period in 2022, despite global uncertainties, reflectinginvestors’ confidence in Vietnam’s economic prospects. However, this is stillabout 10% lower than the pre-COVID-19 level in 2019. As of the end of November,FDI disbursement was 20.3 billion USD, 2.9% higher than a year ago, the reportsaid.
The export and import of goods continued toimprove in response to recovering external demand, increasing by 6.7% and 5.1% year-on-year, respectively.
The government budget revenue collection during the first 11 months of 2023 fell by 6.2% compared with same period of 2022, due to the slowdown in economic activities (Photo: VNA) Consumer Price Index (CPI) inflation remain stable at 3.5% (y/y) in November,compared with 3.6% (y/y) in October, well below the target inflation of 4.5%.
The government budget revenue collectionduring the first 11 months of 2023 fell by 6.2% compared with same period of2022, due to the slowdown in economic activities. Eleven-month cumulative publicexpenditure, on the other hand, accelerated by 10.6% (y/y), reflecting thegovernment’s effort to support the slowing economy. Public investment disbursementduring the first 11 months grew by 36.3% (y/y), but still only constituted 63.4%of the annual capital budget allocation approved by the National Assembly for2023./.
VNA
