Key challenges for the remainder of the year include lowering interest rates, providing low-cost credit, and adopting cost-cutting technologies.

Currently, 72 countries recognize Vietnam as a market economy, including major economies such as the UK, Canada, Australia, Japan, South Korea, and New Zealand.

By the end of this decade, Vietnam is expected to be among the top three Southeast Asian countries in terms of industrial competitiveness.

Vietnam remains on the path of recovery driven by the turnaround in the global electronics cycle.

Fiscal policy also supports economic growth in 2024 amid expected significant public sector wage increases and ongoing efforts to boost public investment.

Thanks to the efforts of the political system, the people, businesses, and international friends, Vietnam has achieved significant and comprehensive results across all sectors.

The housing market, like the economy, has shown positive recovery signs month after month, but difficulties are still present.

As businesses and consumers become more confident about the economic prospects, they are likely to invest and spend more, leading to increased demand for insurance.

Over the past month, 10 out of 11 major consumer goods categories saw price increases.