VOV.VN - Vietnamese economy remains resilient, and recovery is expected to pick up in the near term, driven by strong domestic consumption, which is supported by moderate inflation, an acceleration of public investment, and improved trade activities, said the Asian Development Bank (ADB)'s Country Director for Vietnam Shantanu Chakraborty.

Ho Chi Minh City has decided to spend over VND7 trillion (US$304 million) from its budget on infrastructure and equipment of health care units under the mid-term public investment plans for the 2021-2025 and 2025-2030 periods.

VOV.VN - Prime Minister Pham Minh Chinh chaired a regular monthly meeting in Hanoi on September 9 to examine implementation of socio-economic development tasks for August and the first eight months of 2023, and put forward solutions for September and beyond.

Ho Chi Minh City’s Index of Industrial Production (IIP) in August increased 6.6% over the same period last year, according to the municipal Department of Industry and Trade.

VOV.VN - A challenging external environment and weaker domestic demand is leading to a slowdown in economic growth in Vietnam, but the economy will pick up pace in the second half of 2023 and the following years, the World Bank said in an economic update released on August 10.

The total disbursement of public investment reached VND267.6 trillion (US$11.2 billion) as of the end of July, fulfilling only 35.49% of the plan set for 2023, but higher than the 34.47% recorded in the same period last year, according to the Ministry of Finance.

The disbursed capital sourced from the state budget topped VND291 trillion (US$12.3 billion) in the first seven months of 2023, equivalent to 41.3% of the yearly target and rising 22.1% from a year earlier, showing an observable improvement in public investment disbursement, said the General Statistics Office (GSO).

VOV.VN - The disbursement rate for public investment of 30.49% recorded during the first half of the year is widely viewed as one of the key driving forces in accelerating Vietnam’s economic growth ahead in the remaining months of the year, according to insiders.

The disbursement of public investment funded by official development assistance (ODA) in localities in the first six months of this year has reached only 7.6% of the year’s target, according to the Ministry of Finance (MoF).

Amid the global economic recession, Vietnam’s industrial growth in 2023 may experience a slight decline, but agricultural output is expected to increase modestly, according to experts.