Deputy Prime Minister Le Van Thanh addresses the 15th NA's third session on May 23. (Photo: VNA) The Deputy PM reported that the macro economy hasbeen maintained, major economic balances ensured, and inflation brought under control, with the consumer price index (CPI) in the firstfour months of this year up 2.1 percent.
The monetary market and interest rates have also remainedstable, he said, adding that the credit balance by the end of April has increasedby 7.18 percent compared to late 2021.
In the four-month period, State budget revenue hit657.4 trillion VND (28.37 billion USD), equivalent to 46.6 percent of theestimate and up 15.4 percent year-on-year.
Export turnover reached 122.4 billion USD, a rise of16.4 percent, while import value was 119.8 billion USD, up 15.7 percent,resulting in a trade surplus of over 2.5 billion USD.
The country’s gross domestic product (GDP) in thefirst quarter of this year grew 5.03 percent, higher than the figures recordedin the same periods in 2020 and 2021.
Between January and April, the industrial productionindex expanded 7.5 percent. Agricultural production also developed stably, withrice output reaching 10.8 million tonnes.
Vietnam's total revenue from retail sales of goodsand services exceeded 1.7 quadrillion VND, up 6.5 percent. Services and tourismhave shown a quick recovery.
According to the Deputy PM, the government haslaunched an action programme on the implementation of the NA’s Resolution oneconomic restructuring in 2021-2025, with priorities given to developing strategicinfrastructure, especially transport infrastructure.
Total social investment in the first quarter wasvalued at 562.2 trillion VND, up 8.9 percent. As of May 15, 2022, thedisbursement of public investment fulfilled 20.27 percent of the plan, and morethan 7.71 billion USD in foreign direct investment (FDI) was disbursed in thefive months, an increase of 7.8 percent.
At the working session, the Government has submitted investment plans for Chau Doc-Can Tho-Soc Trang,Bien Hoa-Vung Tau, and Khanh Hoa-Buon Ma Thuot expressways, Ring Road No. 3 of Ho Chi MinhCity, and Ring Road No. 4 of Hanoi.
Thanh said the Government will continue toeffectively and synchornously implement resolutions and conclusions of the PartyCentral Committee, the NA and the Government, and focus on pandemic preventionand control, and rapid, sustainable socio-economic recovery, while urgently realising resolutionsadopted at the fifth plenum of the 13th Party Central Committee,especially those on land, collective economy, cooperatives, agriculture,farmers and rural areas.
He asked ministries, agencies and localities toclosely combine monetary and fiscal policies and others to maintainmacro-economic stability, ensure major economic balances, control inflation andincrease State budget revenue.
The Government will continue economic restructuringin tandem with growth model reform, and boost the digital and circular economy development, while promoting domestic production.
Mechanisms and policies will be rolled out toencourage enterprises to invest in agricultural processing and exports throughofficial channels, Thanh noted.
At the meeting, President of the Vietnam FatherlandFront Central Committee Do Van Chien presented a report on opinions of votersand the public.
The report showed they are absolutely confident inthe leadership of the Party, the management of the State, the effective and efficient operation of the legislative body, and the monitoring of the Government and the Prime Minister.
They expressed concern over issues, including difficultiescaused by COVID-19, especially mental health post pandemic, health insurancefor COVID-19 treatment, and those regarding oil and gas prices, publicinvestment disbursement, the stock market, the labour market, and education.
The voters said attention should paid topersonnel training, inspections and supervision over the purchase of medicalequipment, and the settlement of land-related petitions and denunciations.
Socio-economic recovery programmes should be carriedout in parallel with keeping a close watch on inflation and prices of majorgoods like oil and gas, and agro-forestry materials./.
VNA
