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.
With various drastic and flexible measures taken to boost production, business and investment activities and carry out assigned political tasks, 19 groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) have posted significant growth, contributing to maintaining macro-economic stability, a CMSC representative has said.
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.
Vietnam's foreign direct investment (FDI) attraction has seen signs of recovery after continuous declines over the past six months, becoming a driving force for the country’s economic growth in the medium and long term, said insiders.
Vietnam’s marco-economic continues to stay stable and inflation is controlled Minister-Chairman of the Government Office Tran Van Son told a press conference following monthly cabinet meeting in Hanoi on August 5.
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.
Many enterprises from countries such as the UK, the Republic of Korea and Japan said Vietnam is an attractive investment destination, given the country’s stable macro-economy, rapid growth and large market with a rising middle class.
In February and following months, Vietnam will focus its resources on three growth drivers of investment, consumption and export, said Minister-Chairman of the Government Office Tran Van Son at the regular Cabinet press conference on February 2 following its monthly teleconference with localities.
Minister of Foreign Affairs Bui Thanh Son has highlighted the six priorities the diplomatic sector will focus on in 2023, during a recent interview granted to the press.
Global turmoil caused 2022 to be a challenging year with unprecedented difficulties facing the banking industry. But it has responded relatively well, contributing to controlling inflation and stabilizing the macro-economy.
A teleconference between the Government and the 63 provinces and centrally-run cities opened on January 3 morning to review the 2022 performance and carry out the Party Central Committee’s conclusions and the National Assembly (NA)’s resolution on the socio-economic development plan for 2023.
Under the sound leadership of the Party Central Committee and with the motto “Solidarity, discipline, active adaptation, safety, efficiency and economic recovery”, the Government and the entire country have overcome challenges and reaped achievements in all spheres, laying foundation for 2023 and subsequent years.
Prime Minister Pham Minh Chinh chaired a meeting between permanent Government members and some ministries and sectors on December 6 to discuss macro-economic, fiscal, and monetary policies.
Amid the US Federal Reserve (FED)’s continuous increases of interest rates to cope with inflation, the most important task for Vietnam now is to keep macro-economic stability, with monetary stability being the core, economic experts have said.
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has underlined the need for proactive and flexible response to changes to control inflation and stabilise the macro-economy while talking about some issues mentioned by legislators on October 28.
Politics
