PM orders maintaining macro-economic stability

Prime Minister Pham Minh Chinh emphasised specific tasks for maintaining macro-economic stability, controlling inflation and managing monetary and fiscal policies flexibly while addressing a regular Government meeting in Hanoi on April 29.
PM orders maintaining macro-economic stability ảnh 1Prime Minister Pham Minh Chinh speaks at the Government meeting on April 29. (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham MinhChinh emphasised specific tasks for maintaining macro-economic stability,controlling inflation and managing monetary and fiscal policies flexibly whileaddressing a regular Government meeting in Hanoi on April 29.

Pointing out positive signs in April, the PM said the macro-economy has remained stable with major economic balancesensured, while national defence and security have been safeguarded and externalrelations enhanced.

He noted anti-corruption, communications,institutional building and law enforcement efforts, saying that people’s materialand spiritual lives have been ensured and their trust in the Party and Stateconsolidated and enhanced, while Vietnam’s reputation and position in theinternational arena have improved.

Achievements recorded last month and in the firstfour months of this year have created a foundation for the country to recoverand grow, the PM said.

However, challenges still remain, such as risks tomajor economic balances, pressure on increasing inflation, bad debts, financial risks,slow public investment disbursement, and sluggish implementation of the socio-economicrecovery and development programme, he said.

Chinh said major tasks and solutions set out inthe programme should be rolled out concertedly to benefit people andbusinesses. He ordered the establishment of a steering committee for theimplementation of the programme and assigned specific tasks to deputy prime ministers.

He also laid emphasis on the need to effectivelydeploy policies in support of interest rates and develop the capital markettransparently, safely and sustainably.

Efforts should be made to push ahead with thedisbursement of public investment, especially official development assistance(ODA) and foreign preferential loans, while reviewing pending projects.

Ministries, agencies and localities were asked toremove obstacles to production and business, fine-tune administrativeprocedures, keep a close watch on market developments, ensure goodscirculation, and adopt solutions to cope with natural disasters.

He also urged them to keep a close eye onthe global economy, particularly inflation and prices of fuel and strategicmaterials, and set out suitable scenarios to manage domestic production andensure a supply-demand balance and price stability.

The PM urged the tourism recovery and prompt completionof preparations for the 31st Southeast Asian Games (SEA Games 31), which areexpected to help Vietnam promote its image to the region and the world.

Chinh also mentioned tasks in national defence andsecurity, external affairs and communications.

The socio-economic situation showed positive signsin April, with the consumer price index (CPI) up 2.64 percent year-on-year, thelowest level compared with the previous period since 2017, and State budgetcollection up 13.3 percent.

This month’s industrial production expanded 2percent month-on-month and 9.4 percent year-on-year. The value in the firstfour months increased 7.5 percent. Meanwhile, exports in the four months wereup 16.4 percent, while imports were up 15.7 percent, with a trade surplus ofabout 2.5 billion USD.

The number of international tourists in April increased5.2 times and in the four  months rose184.7 percent year-on-year./.
VNA

See more

NA President Tran Thanh Man speaks at the opening session of the 16th NA's first extraordinary session. (Photo: VNA)

16th NA’s first extraordinary session seeks to create new development space

The first phase ended with a five-day break from August 14-18, during which relevant agencies will urgently review, explain, and revise draft laws and resolutions. The NA is scheduled to resume the second phase from August 19-24 to vote on the legislation, with the aim of removing bottlenecks, unlocking resources and creating fresh momentum for national development.

At the NA Standing Committee's session on August 4. (Photo: VNA)

National Assembly Standing Committee to look into 25 draft laws, resolutions

The committee will take up 25 draft laws and resolutions, including the revised Penal Code, the revised Law on Organisation of Criminal Investigation Agencies, and the review of the draft law amending Article 6 and Appendix IV on conditional business sectors and lines under the Law on Investment, among others.

ASEAN ambassadors in Beijing and the Secretary-General of the ASEAN-China Centre pose for a group photo. (Photo:VNA)

Vietnam underscores ASEAN unity, centrality

Vietnamese Ambassador to China Pham Thanh Binh highlighted ASEAN’s ability to listen to one another, respect diversity, manage differences and build consensus as among the key lessons underpinning the bloc’s strength and enabling it to move forward together.

General Secretary of the Communist Party of Vietnam Central Committee and President To Lam (L) and New Zealand Prime Minister Christopher Luxon (Photo: VNA)

Top Vietnamese leader’s New Zealand visit draws media attention

Reports, articles and assessments published on August 12-13 highlighted that Vietnam-New Zealand relations are shifting strongly from high-level political commitments to concrete cooperation programmes, with a focus on trade, investment, education, agriculture, science and technology, defence and security, and climate change response.

☕ Afternoon briefing on August 13

☕ Afternoon briefing on August 13

Activities during Party General Secretary and President To Lam's state visit to New Zealand, a ceremony marking the 100th birth anniversary of Cuban leader Fidel Castro in Quang Tri, and a series of expos opened at the Saigon Exhibition and Convention Centre are among news highlights on August 13.

Party General Secretary and President To Lam leaves Auckland on August 13 evening (local time), concluding a state visit to New Zealand. (Photo: VNA)

Party General Secretary, President To Lam concludes state visit to New Zealand

At the meetings during the visit, the two sides agreed to further strengthen political trust and advance bilateral relations comprehensively by stepping up high-level and all-level exchanges through Party, State, parliamentary and people-to-people channels, thereby making more effective use of existing policy dialogue mechanisms.

General Secretary of the Communist Party of Vietnam Central Committee and President of Vietnam To Lam (R) meets with Speaker of the New Zealand House of Representatives Gerry Brownlee in Auckland on August 13 (Photo: VNA)

Top Vietnamese leader meets with New Zealand House Speaker

Speaker of the New Zealand House of Representatives Gerry Brownlee welcomed the state visit by the Vietnamese leader and the high-ranking Vietnamese delegation, stressing that it will further deepen the Vietnam–New Zealand Comprehensive Strategic Partnership across various fields, ushering bilateral ties into a new, more profound, substantive and effective phase.