Illustrative image (Photo: VNA) Hanoi (VNA) - At the Government's teleconference with localities and the regular Cabinetmeeting in Hanoi on July 4, the Ministry of Planning and Investment (MPI) presentedtwo growth scenarios for the third quarter and the whole year 2023, indicatingthat the tasks for the remaining months of this year are heavy, with agrowth rate of 8.0% or higher.
Thanksto the Government and Prime Minister’s drastic, timely, effective andcomprehensive directions in various areas, the consumer price index went up3.29% year-on-year in the first half, continuing the downward trend. The Statebudget collection reached 54% of the estimate. The country posted a tradesurplus of 12.25 billion USD while the total social investment capital hit over1.35 quadrillion VND (58.6 billion USD), up 4.7% annually.
Duringthe period, the FDI disbursement surpassed 10 billion USD, up 0.5% annually.Notably, thedisbursement of public investment capital significantly improved, reaching30.49% of the plan.
Many localities in important growth-driving regions postedquarter-on-quarter growth in gross regional domestic product (GRDP) in thesecond quarter, which was also higher than the national average, such as Ho ChiMinh City, Binh Duong, Dong Nai and Bac Giang.
However, the economic growth in the first half only reached3.72%, lower than the 6.2% set in the scenario under the Government’s Resolution.
So far, over 93.3 trillion VND worth of preferential loans andsupport in interest rates, rental, tax reduction, fees, and charges have beendisbursed. The Government has allocated more than 707 trillion VND to ministries,agencies and localities, over 215 trillion VND of which has been disbursed, or30.49% of the assigned task.
Regarding the three national target programmes, as of June 30, over23 trillion VND were earmarked for localities, achieving 94.6% of the plan. Of thefigure, 6.8 trillion VND was disbursed, or roughly 28.2% of the plan.
In the first scenario presented by the MPI, the full-year growth will reach6%, with a required growth of 6.8% for the third quarter, 9% for the fourthquarter, and an overall growth of 8.0% for the second half.
At the event (Photo: VNA) The second scenario predicts a full-year growth of 6.5%, withan expected growth of 7.4% for the third quarter, 10.3% for the fourth quarter,and an overall growth rate of 8.9% for the last 6 months.
In order to achieve set targets, leaders of ministries, agenciesand localities shared the view that it is necessary to closely grasp thesituation, tighten administrative discipline, tackle difficulties in productionand trade, sustainably develop stock, realestate, corporate bond and labour markets, toward maintaining macro-economicstability, controlling inflation, and ensuring major balances of the economy.
They alsourged further promoting startups, innovation, digital economy and digitaltransformation while thoroughly addressing obstacles in education and health care,strengthening national defence and security, maintaining social safety and order, and enhancing widespread and effective global integration./.
