Today: 03/06/2023 15:46:33 (GMT+7)

PM orders ensuring macro-economic stability, controlling inflation

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.

The Government leader said important results were achieved in socio-economic development in the first nine months of this year, with 14 out of the 15 targets being met.

PM, ensuring macro-economic stability, controlling inflation,  economic growth, initial target, performance report, development plan

PM Pham Minh Chinh delivers the 2022 socio-economic performance report.

The consumer price index increased by 1.73% in the period under review, and is expected to hike by nearly 4% for the whole of this year. Growth in agriculture reached 2.99%, industry and construction 9.44%, and services 10.57%. Export-import value surpassed 558 billion USD, up 15% and trade surplus hit 6.76 billion USD.

Attention was paid to the fight against the Covid-19 pandemic, natural disasters, corruption and negative phenomena, contributing to strengthening public trust. About 87 trillion VND (3.78 billion USD) in aid has been given to about 56 million people, workers and over 730,000 employers hit by Covid-19.

For the time between now and the year’s end, the PM ordered efforts to ensure macro-economic stability, control inflation and supply-demand, especially key necessities for the Lunar New Year holiday.

Efforts must also be exerted to control interest rates proactively and flexibly, and to hasten the disbursement of public investment capital and the progress of the socio-economic recovery and development programme along with three national target programmes.

Next year, there are 15 key socio-economic and environment targets, including GDP growth of around 6.5%, CPI of some 4.5%, social productivity of 5-6%, the rate of unemployment below 4%, and a 1-1.5% decrease in multidimensional poverty reduction.

To such end, the Government will improve business environment, ensure major balances of the economy, enhance the efficiency of economic restructuring in tandem with renewing the growth model, improving the quality, competitiveness, self-reliance and resilience of the economy, while perfecting harmonious and strategic infrastructure, particularly transport, digital, and climate change response infrastructure.

Focus will be placed on hi-quality workforce training and propelling start-ups and innovation, ensuring social welfare and improving material and spiritual lives.

The Government will continue with measures to improve the efficiency of using and managing land and natural resources, protect the environment and respond to climate change, increase the efficiency of external affairs and global integration, and further information and communications work to create social consensus.

PM Chinh said the Government hopes for close directions from the Party Central Committee and its Secretariat, the Politburo and Party General Secretary Nguyen Phu Trong, and support from the National Assembly, the President, the Vietnam Fatherland Front, socio-political and mass organisations, voters and people nationwide so as to accomplish the 2022 and 2023 tasks, contributing to realising 2021-2025 socio-economic development tasks set by the 13th National Party Congress.

Vietnam’s economy to expand 7.2% in 2022: WB
Vietnam’s economy is expected to grow by 7.2% in 2022, on the back of a strong rebound in domestic demand and continued solid performance by export-oriented manufacturing, according to the World Bank East Asia and Pacific Economic Update, October 2022.
Vietnamese economy requires new momentum from business environment
A business cycle is beginning with a great deal of efforts to overcome the unprecedented difficulties caused by the Covid-19 pandemic. It is now time for enterprises and investors to return to the track, so it is necessary to create an open and conducive business environment to facilitate rapid recovery and growth.
Vietnam learns about collective economy models in Israel
A delegation of the Ministry of Planning and Investment paid a visit to Israel from September 4 to 9 to learn experience in developing the collective economy and cooperatives there.
Downtown Saigon street poised to become pedestrian zone boosting nighttime economy
Authorities in District 1 are seeking feedback from local authorities to turn Le Loi, one of the city's busiest areas, into a pedestrian-friendly zone to boost night-time tourism.
Bac Giang looks at ways to expand tourism potential to build economy
The northern province of Bac Giang is promoting its tourism sector by accelerating tourism-related activities to attract more visitors, said Tran Minh Ha, director of the provincial Department of Culture, Sports and Tourism.

Source: VNA

PM, ensuring macro-economic stability, controlling inflation, economic growth, initial target, performance report, development plan
New comment has just been added. Click here
Sort:NewBest News