The regular press conference takes places on August 5 in Hanoi. (Photo: VNA)Hanoi (VNA) – Vietnam’smarco-economic continues to stay stable and inflation is controlled Minister-Chairman of the Government Office Tran Van Son told a press conference following monthly cabinet meeting in Hanoi on August 5.
Son said that the cabinet meeting for July focused on assessing and discussing the socio-economic situation in Julyand first seven months of 2023; the progress of the programme onsocio-economic recovery and development; public investment capitalallocation and disbursement; and the implementation of three national targetprogrammes among others.
According to Son, participants to the meeting held that in July,the socio-economic situation was improved compared to the previous month,contributing to the country’s performance in the first seven months.
So far, the macro-economic situation has remainedstable, while inflation has been controlled. In the first seven months, theaverage consumer price index (CPI) increased 3.12%, while all the majoreconomic balances were ensured.
State budget collection exceeded 1 quadrillion VND(42.13 billion USD), equivalent to 62.7% of the estimate. Meanwhile, thecountry’s exports fetched 195.4 billion USD, with a trade surplus of 16.5billion USD.
In July, the Index of Industrial Production (IIP)rose 3.9% month on month and 3.7% year on year. Total revenue from retail ofgoods and services increased 7.1% year on year in July and 10.4% in sevenmonths.
At the same time, the country welcomed more than 1million foreign visitors in July and 6.6 million in the January-July period,6.9 times higher than that in the same period last year.
In seven months, 267.63 trillion VND of publicinvestment capital was disbursed, completing 37.85% of the yearly target, 3.38%increase year on year. Meanwhile, the country attracted nearly 16.24 billionUSD in foreign direct investment (FDI), up 4.5%.
In July, 13,700 new businesses were established,raising the total number of new firms to 131,900 in seven months.
Social welfare, security and defence were alsokept stable.
To date, nearly 93.8 trillion VND of thesocio-economic recovery and development programme has been disbursed. Requestsof localities have also been responded to in a timely manner.
Son said that Prime Minister PhamMinh Chinh clearly pointed out tasks focusing on removing difficulties for production and business, givingpriority to promoting growth, creating jobs, ensuring livelihoods for peopleassociated with stabilising the macro-economy, controlling inflation, and ensuringmajor balances of the economy.
The PM also askedministries, agencies and localities to accelerate the disbursement of public investment capital, and carry out the socio-economicrecovery and development programme, as well as three national target programmes. He urged agenciesto strengthenforecasts, warnings and provide timely information onnatural disasters and readiness for rescue works, Son said, adding that the PM assignedspecific tasks to particular ministries, sectors and localities in the time tocome./.
