Dr. Truong Minh Huy Vu, Deputy Director of the Ho Chi Minh City Institute for Development Research, said that the Ho Chi Minh City government should increase support and encourage Ho Chi Minh City businesses to organize discount promotion programs to promote push people's consumption. This needs to be thoroughly evaluated and researched to effectively connect goods and services with people's needs.
It is important that policies to promote aggregate demand in the short term must be placed in the context of economic model transformation in the medium term: development of high-tech industries and banking and financial services, management and development. Developing a stable real estate market to meet the housing needs of workers and support production and business activities. Ho Chi Minh City should not rush to pursue the growth target in 2024 by any means, but should slow down to focus on the process of transforming the economic model in the medium term.
In addition, it is necessary to continue to reform the administrative management system by simplifying procedures to reduce time and costs for people and businesses in the investment, production and business registration process, especially especially in the construction and real estate sectors. In the short term, the Ho Chi Minh City government can study the classification and prioritization of real estate projects, focusing resources to quickly solve difficulties for the most potential projects, in order to create positive impacts. Quick positive action.
The economic outlook for 2024 of Ho Chi Minh City in particular and Vietnam in general, according to analysts, depends greatly on the world's economic outlook. Most major research organizations in the world at present have the same opinion that in 2024 the world economy, although still difficult, will continue to recover.
The risk of blockage or disruption is still quite high, although the global production and supply chain has shown positive signs of recovery and is forecast to continue to improve in 2024. and geopolitical tensions are on the rise around the world...
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