On October 7, at the regular Government meeting in September 2024, Minister of Planning and Investment Nguyen Chi Dung said that GDP growth in the third quarter of 2024 is estimated at 7.4% over the same period, 0.7% higher than the scenario in Resolution No. 01/NQ-CP (6.7%), equivalent to the 7% annual growth scenario as reported at the regular Government meeting in June.
In the first 9 months, GDP growth reached 6.82%. Localities with high growth rates include Bac Giang (13.89%), Thanh Hoa (12.46%), Lai Chau (11.63%), Ha Nam (10.89%)...
Besides, some localities heavily affected by storm No. 3 still maintained high growth momentum, such as Hai Phong (9.77%), Quang Ninh (8.02%), Phu Tho (9.56%), Lao Cai (7.71%), Cao Bang (7%), Yen Bai (7.15%)...
The macro economy is basically stable, inflation is under control, major balances are ensured; budget deficit, public debt, government debt, and foreign debt are within allowable limits.
The consumer price index (CPI) in the first 9 months of 2024 increased by 3.88% over the same period in the context of salary increase from July 1, 2024 and price adjustment of some services.
In September, about 17,700 enterprises entered and re-entered the market. In total, in the first 9 months, there were about 183,000 enterprises, higher than the number of enterprises withdrawing from the market (163,800 enterprises).
According to a survey by Directorate Statistics, about 82.6% of enterprises in the processing and manufacturing industry assessed that the business situation in the fourth quarter would be stable or better than the third quarter, showing businesses' confidence in the positive recovery of the economy in 2024.
Growth drivers from the demand side recovered more positively. Total social investment recovered each quarter: Q3 increased by 7.0% over the same period, 9 months increased by 6.8%, of which private investment increased by 7.1% (same period in 2023 increased by 2.1%).
In particular, FDI attraction continued to be a bright spot, with total registered FDI capital in the first 9 months reaching about 24.8 billion USD, up 11.6% over the same period, of which newly registered FDI was about 13.6 billion USD, up 11.3%; realized FDI capital was about 17.3 billion USD, up 8.9%.
Minister Nguyen Chi Dung emphasized that the Government has resolutely focused on perfecting institutions, improving the investment and business environment; handling backlogs and obstacles; promoting investment in strategic and important infrastructure projects; and promoting new growth drivers of the economy.
Based on the results of the third quarter, nine months, and the forecast for the whole year, Minister Nguyen Chi Dung proposed striving for a growth rate of about 7.6-8% in the fourth quarter, helping the whole year's growth reach and exceed 7%.
To achieve the above goals, Minister Nguyen Chi Dung proposed key tasks and solutions in the fourth quarter.
In particular, focusing on the drastic, effective and timely implementation of Resolution No. 143/NQ-CP of the Government and the direction of the Prime Minister to support people, farms, business households and enterprises affected by natural disasters, storms and floods, especially in the agricultural, fishery and tourism sectors to quickly restore production and business, taking advantage of opportunities from the consumption trend at the end of the year and Lunar New Year.
The Minister also emphasized thoroughly removing difficulties and obstacles, maximally freeing up resources that are being held back in projects and land for growth and development.
