On September 7, speaking at the regular Government meeting in August 2024, Deputy Minister of Planning and Investment Tran Quoc Phuong said that the economy has recovered positively, regaining growth momentum like the pre-pandemic period, with many bright spots, especially in exports and FDI attraction.
Accordingly, over the past 8 months, the economy has continued to achieve many important and encouraging results, highly appreciated by international organizations and businesses. The macro economy is basically stable, inflation is under control, major balances are ensured, state budget deficit, public debt, government debt, and foreign debt are much lower than the permitted range.
The consumer price index (CPI) in the first 8 months increased by 4.04% over the same period, within the control level according to the National Assembly's target.
"Notably, growth drivers from the demand side have recovered more positively," Deputy Minister Tran Quoc Phuong affirmed.
FDI attraction continues to be a bright spot, with total registered FDI capital in the first 8 months reaching about 20.5 billion USD, up 7% over the same period, of which newly registered FDI was nearly 12 billion USD, up 27%; realized FDI capital was about 14.15 billion USD, up 8%.
Deputy Minister Tran Quoc Phuong assessed that the growth requirements in the last months of 2024 and the coming time are very large, it is necessary to effectively exploit advantages and opportunities to create clear changes for growth drivers, strive to achieve higher than the 2024 plan, creating a premise for 2025.
At the meeting, the Ministry of Planning and Investment proposed a number of key tasks for September and the fourth quarter of 2024.
Firstly, focus on careful and thorough preparation, ensuring the progress of the contents to be presented at the 10th Central Conference and the National Assembly at the 8th Session.
Proactively coordinate closely, early and remotely with the agencies of the National Assembly to complete and concretize major policy groups that have been approved by the Government for construction, such as the Law on Public Investment (amended), laws amending and supplementing a number of articles of the Law on Planning, Investment, Investment under the public-private partnership (PPP) method... especially new and breakthrough regulations on decentralization, delegation of authority, resource management, investment attraction and specific mechanisms...
Second, continue to prioritize resources to perfect mechanisms, policies, and laws, create a favorable and open environment, attract large-scale, high-tech investment projects; build, attract, and use talents both domestically and abroad.
Third, focus on reviewing and thoroughly removing difficulties and obstacles, especially legal issues, of all projects to maximize the remaining resources for growth and development.
"It is necessary to identify this as a breakthrough, key, and central task and solution in the last months of 2024 and the whole year of 2025," Deputy Minister Tran Quoc Phuong emphasized.
Fourth, continue to strongly promote and renew traditional growth drivers of investment, consumption and export.
Fifth, promote new growth drivers from the digital economy, digital transformation, green transformation...; strengthen regional connectivity, and promote the effectiveness of the operations of regional coordination councils.
Along with that, we must resolutely rectify and overcome the situation of avoiding and shirking responsibility; effectively implement regulations on protecting cadres, dare to think, dare to do.
