Focus all efforts to reach the finish line, achieve the growth target of 7% by 2024

How do you evaluate the GDP growth results in the first 9 months of the year and the third quarter of 2024?

- The GDP growth results for the first 9 months of 2024 in our country were extremely positive, reaching 6.82% as expected. This is a very surprising result as our country was recently severely affected by storm No. 3 - Yagi. It can be said that the bright spot of the economy in the first 9 months of 2024 as well as in the third quarter of 2024 is industry and construction. Accordingly, the added value of the entire industrial sector in the first 9 months of 2024 increased by 8.34% over the same period last year, contributing 2.7% to the total added value of the entire economy.

In addition, the recovery of domestic consumption and production demand along with the strong growth of tourism also contributed positively to the growth of the trade and service industry in the first 9 months of this year. In the first 9 months of 2024, total retail sales of goods and consumer service revenue increased by 8.8% over the same period last year, of which revenue from accommodation and food services increased by 13.6% and revenue from tourism and travel increased by 16.7%.

In addition, service and import-export activities were also very positive when the total preliminary import-export turnover of goods reached 578.47 billion USD, up 16.3% over the same period last year, of which exports increased by 15.4%; imports increased by 17.3%. The trade balance of goods had a surplus of 20.79 billion USD.

The implementation of social investment capital is also one of the very positive points when reaching 6.8% in the common difficult effort of disbursing public investment capital. Although domestic consumption is still weak and has not recovered compared to before the COVID-19 pandemic, it only reached 8.8%, but this is a great effort in the context of financial difficulties as well as ongoing global trade risks.

With confidence in Vietnam's solidarity, unity and determination, the growth target of 7% for the whole year can be achieved.

Madam, there is only one quarter left until the end of 2024. What solutions do we need to accelerate and achieve the 7% growth target for the whole year of 2024?

- Our country still has a lot of room ahead, especially public investment which will normally be boosted at the end of the year. In addition, there are many entertainment services, production activities for export, and foreign trade. In particular, orders will also be abundant and boosted at the end of the year, on Tet, Christmas, etc.

To boost economic growth in the last months of the year and create momentum for growth in the following years, it is necessary to continue to persevere and adhere to the goal of maintaining macroeconomic stability, controlling prices and markets, and ensuring major balances of the economy. At the same time, we must promote consumption, focus on developing the domestic market, and effectively implement solutions to promote exports and make the most of the world market.

Ministries, sectors and localities will resolutely implement tasks and solutions to promote the disbursement of public investment capital in the last months of 2024 under the direction of the Prime Minister. Especially transport infrastructure projects to create momentum for related sectors such as construction, material production, logistics services as well as promote the convenience in the circulation of goods. We will try to exploit all available space to strive to achieve about 7.5% in the fourth quarter of 2024 to reach the target of 7% growth for the whole year of 2024.

Thank you!