At the regular Government meeting held on the morning of November 9, Minister of Planning and Investment Nguyen Chi Dung said that the socio-economic situation in October and the first 10 months continued to achieve many important results, with many bright spots, highly appreciated by international organizations and businesses.
The economy has regained growth momentum as in the pre-COVID-19 period. The macro economy is basically stable, inflation is under control, major balances are ensured, budget deficit, public debt, government debt are much lower than the allowable range, and foreign debt is decreasing rapidly.
The consumer price index (CPI) in the first 10 months increased by 3.78% compared to the same period in the context of adjusting electricity prices and tuition fees. The exchange rate was managed proactively, flexibly, promptly, and in line with world market developments.
In the context of production and business activities continuing to change positively, regaining growth momentum as in the pre-pandemic period, businesses continue to restore confidence in economic prospects.
Throughout the past time, the Government has continuously 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.
"Vietnam is assessed to have the fastest improving business environment in the past 20 years," Minister Nguyen Chi Dung emphasized.
However, the Ministry of Planning and Investment also assessed that the economy still faces many difficulties and challenges, especially from outside; low domestic demand; many projects are stalled and stuck, causing economic resources to stagnate.
"The task in the last months of the year is very challenging to promote domestic consumption. There needs to be strong, practical and effective solutions to solve outstanding problems, support the economy to recover more strongly, and strive for a full-year growth of 7% and above 7%," Minister Nguyen Chi Dung proposed.
The Ministry of Planning and Investment proposed a number of key tasks and solutions that need to be focused on implementing in the remaining months of 2024.
Firstly, continue to prevent and overcome the consequences of natural disasters, support people and businesses to soon restore production and business.
Second, carefully and thoroughly prepare the content of the answers to questions, receive and explain the opinions of the National Assembly, ensure conditions for the National Assembly to consider and pass the Law on Public Investment (amended), laws amending and supplementing laws on investment, planning, state budget, finance, public debt management... at the 8th Session; effectively organize the implementation of the laws immediately after they are promulgated by the National Assembly.
Third, continue to focus on prioritizing resources for institutional improvement, identifying institutional improvement as the "breakthrough of breakthroughs", creating a favorable and open environment for production and business development and attracting investment.
Fourth, continue to strongly promote and renew traditional growth drivers of investment, consumption and export, ensure supply and boost consumption of goods at the end of the year and during the Lunar New Year in 2025.
Fifth, remove difficulties and obstacles for projects and land, and maximize the release of resources stagnant in the economy for growth and development.
Strengthen discipline and administrative order; resolutely rectify and overcome the situation of avoiding and shirking responsibility; effectively implement regulations on protecting cadres, dare to think, dare to do.
