Prime Minister Pham Minh Chinh has directed that maintaining macro-economic stability, controlling inflation, propelling growth and ensuring major balances of the economy continue to be priorities in February and coming months.
In continuation of moving their production hubs, this year many of the giants in the world of technology and electronics have announced business expansion plans in Vietnam.
The target of 6.5% economic growth set by the National Assembly for next year, lower than the growth of 8.02% recorded in 2022, will be a challenge, said General Director of the General Statistics Office (GSO) Nguyen Thi Huong.
Countries should cooperate with one another and make active and practical contributions to the maintenance of peace, stability, and legal order at sea, Vice Spokeswoman of the Ministry of Foreign Affairs Pham Thu Hang said on December 10.
Vietnam advocates switching from attracting FDI to cooperating with foreign investors in the spirit of equality for mutual benefits and development, with priority given to hi-tech and eco-friendly projects, said President Nguyen Xuan Phuc at a high-level seminar with the US-APEC Business Alliance for Competitive SMEs in Bangkok on November 17.
Vietnamese Prime Minister Pham Minh Chinh attended and delivered a speech at the second ASEAN Global Dialogue on November 13, on the occasion of the 40th and 41st ASEAN Summits and Related Summits in Phnom Penh, Cambodia.
Vietnam will need nearly 400 trillion VND (16.08 billion USD) to upgrade its seaport system by 2030, heard a workshop held by the Ministry of Transport in Hanoi on November 8.
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.
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, some economic experts have said.
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has underscored that credit governance must be prudent to help curb inflation and stabilise the macro-economy when responding to legislators’ concern about credit for real estate.
Macroeconomic stability will be a good foundation for developing the stock market, Deputy Minister of Finance Nguyen Duc Chi said at the Government’s regular press conference on October 29 in Hanoi.
Prime Minister Pham Minh Chinh chaired the Government’s monthly meeting on October 29 during which he requested policy response be made in a more timely, precise, and effective manner.
Vietnam’s economic growth this year is projected at nearly 8%, up 1.5-2% from the initial target, said Prime Minister Pham Minh Chinh while delivering the 2022 socio-economic performance report and 2023 socio-economic development plan at the 14th National Assembly’s fourth session in Hanoi on October 20.
A ceremony took place at Bai Dinh pagoda in the northern province of Ninh Binh on October 16 to pray for peace and stability in Vietnam and in the world, with the participation of public official and Buddhist monks, nuns, and followers.
Prime Minister Pham Minh Chinh said the banking system plays the role as arteries of the economy while addressing a meeting with chairpersons and CEOs of commercial banks in Hanoi on October 16.
Amid fluctuations in the world situation, especially the increase in interest rate, soaring inflation and tightened monetary policies, the Government will stay consistent with the targets of maintaining macro-economic stability, reining in inflation, promoting growth and ensuring major economic balances in the rest of the year.
Businesses have faced difficulties in access to capital and commercial banks want to be able to lend freely to meet market demand. However, experts said the imposition of the credit growth cap is still necessary to keep the country’s macro economy stable in the short run.
Vietnam has recorded a strong and impressive socio-economic rebound in the context that the COVID-19 pandemic has been controlled effectively, said Minister-Chairman of the Government Office Tran Van Son at a regular press conference of the Government on October 1.
Prime Minister Pham Minh Chinh has ordered stronger efforts to achieve the best possible socio-economic development results in 2022 and create momentum for next year.
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