Vietnam's industrial sector marked a remarkable growth in 2024 with the industrial production index (IIP) surging by 8.4% year-on-year, a record high over the past four years, the General Statistics Office (GSO) has said.
Prime Minister Pham Minh Chinh on August 5 demanded all-level authorities, sectors, and localities take timely, flexible, and efficient moves to achieve better and more inclusive socio-economic development in 2024 compared to last year.
The better-than-expected growth and a big trade surplus were among the results recorded during the first half of 2024, heard the Government’s regular press meeting held in Hanoi on July 6.
Prime Minister Pham Minh Chinh on July 6 ordered efforts be made to achieve an economic growth rate of 6.5 - 7% in the third quarter to secure the best possible results for the entire 2024.
Prime Minister Pham Minh Chinh chaired the Government’s regular meeting and a teleconference between the Government and the 63 localities on April 3 to discuss the socio-economic situation in March and the first quarter and set tasks for Q2.
Prime Minister Pham Minh Chinh has requested State-owned enterprises (SOEs) to reform governance, improve production and business efficiency, and strongly promote development investment.
Prime Minister Pham Minh Chinh demanded renewing current growth drivers and optimising new ones while chairing the Government’s regular meeting on February 1.
The Vietnamese economy did recover in 2023, Dr. Can Van Luc affirmed, describing quarter-over-quarter growth, rebounded sectors, and impressive results in economic integration as three highlights last year.
Vietnam’s credit growth reached around 13.5% in 2023 although unprecedented developments of the global economy posed formidable challenges to the country’s monetary policy, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said on January 3.
The total revenue to the State budget as of December 25 surpassed 1.69 quadrillion VND (nearly 69.5 billion USD), up 4.5% compared to the yearly estimate, heard a conference hosted by the Ministry of Finance in Hanoi on December 27.
Prime Minister Pham Minh Chinh has demanded priority be given to promoting economic growth and securing the best possible results for the aspects failing to meet targets this year.
In the face of difficulties and challenges, the State Bank of Vietnam (SBV) has been proactively and flexibly governing the monetary policy, also coordinated with the fiscal policy and other macro-economic ones, to control inflation and help stabilise the macro-economy and boost growth, thus winning high evaluation from the international community.
Prime Minister Pham Minh Chinh has demanded ministries, sectors, and localities resolutely not step back in the face of difficulties while chairing the Government’s regular meeting for August in Hanoi on September 9.
To reach this year’s GDP growth target of 6.5%, economic expansion in the second half of 2023 must stand at around 9%, which requires harmonious and close coordination among the Government, ministries, sectors, and localities to maximise resources and seize every opportunity, experts have said.
Prime Minister Pham Minh Chinh asked ministries, agencies and localities to prioritise removing obstacles to production and business while chairing a teleconference between the Government and localities, and a regular cabinet meeting in Hanoi on July 4.
Permanent Government members have asked Hanoi to bolster its economic growth drivers, namely investment, export, and consumption, during a recent meeting with the Standing Board of the municipal Party Committee.
Experts said that the national economy is facing challenges in various fields, hence Vietnam needs to soon develop macro-economic scenarios to prevent things from getting worse.
The Government convened the regular April meeting under the chair of Prime Minister Pham Minh Chinh on May 5 to look into the socio-economic situation in April and the first four months of 2023, along with some other important issues.
After two years of implementing the dual goal of “pandemic prevention and control and economic development”, and especially after it reopened its doors to international tourists on March 15, 2022, Vietnam’s economy has recovered strongly and posted impressive results.
