Socio-economic situation in the fourth quarter and 2024

In 2024, the global situation continued to evolve in a complex and unpredictable manner, with numerous risks and uncertainties. Military conflicts escalated, strategic competition among major powers intensified, and many countries increased protectionist trade policies.

Statistical summary book of Viet Nam 2023

In 2023, the world economy continued to face many difficulties and challenges such as more intense and comprehensive strategic competition among major countries, increasing geopolitical tensions; complicated armed conflict between Russia and Ukraine and fighting in the Middle East which negatively impacted on the global economic recovery after the Covid-19 pandemic. Natural disasters, droughts, storms, floods, and climate change caused serious consequences; the risks of energy security, food security, and cyber security wasincreasing... In spite of being subdued, inflation was still anchored at a high level, many major economies maintained tight monetary policies and high interest rates; global trade, consumption and investment continued their downtrend; protective barriers and trade defense measures increased, etc., affecting export and import in the region and the world. Modest growth and growing public debt in many economies, including Viet Nam’s major trading partners, posed many potential risks, and decline in world aggregate demand directly impacted countries with high ranking in economic openness, including Viet Nam.

Socio-economic situation report in October and 10 months of 2024

Agricultural production in October focused on tending and harvesting winter rice and autumn-winter rice across the country and planting winter crops in the North. Livestock development was stable, and localities focused on recovering production after the impact of storm No. 3.

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