Answering the question related to the growth target of 6.5% this year but only 3.72% in the first half of the year, will we achieve the set target? Deputy Minister of Planning and Investment Tran Quoc Phuong said that the regular Government meeting this month is very important to review and approve reports in preparation for the upcoming Central Committee meeting and the 6th session of the 15th National Assembly.
The Deputy Minister of Planning and Investment said that the GDP growth rate in the first 6 months of the year only reached 3.72%. This is lower than the set targets as well as the scenario of Resolution 01 of the Government . That poses a heavy task for the last months of the year because to achieve the set targets, all scenarios aim for a fairly high growth rate. There are scenarios of more than 9%, and some scenarios of 7-8% increase. This is a very heavy task.
“To serve the reporting and advisory work on policy mechanisms for the Government and the Prime Minister , the Ministry of Planning and Investment has analyzed very carefully, including recommendations on goals from now until the end of the year to try to achieve the best possible results,” said the Deputy Minister.
Regarding solutions, Deputy Minister Tran Quoc Phuong said that the Government's priority is to promote economic growth in the context of the macro economy being well controlled since the beginning of the year, such as the CPI index gradually decreasing and at a low level; the fiscal and monetary policies are implemented very well. The Government requires all levels, sectors and localities to focus on maximum solutions to promote growth.
The first driving force is to focus on the growth of the service sector, which is the highlight to contribute to growth, especially tourism. We clearly see that our country's tourism has recovered and developed very well in recent months.
The second motivation is to focus on consolidating and developing the very important pillar of the economy, the agricultural sector, when we are in the context of food tension in the world. Our country's advantage is that it is a good exporter of agricultural products. However, there is also the problem of balancing both serving economic growth and ensuring domestic food security. This is the sector that we always focus on when facing difficulties.
The third driving force is the domestic market. In the advisory reports, the Prime Minister also directed that the domestic market must be stimulated to develop more strongly, especially in relation to stimulating consumption, promoting the movement "Vietnamese people prioritize using Vietnamese goods" to create great demand for businesses through the domestic market when transforming production structure towards the domestic market, creating conditions to maintain and expand production in the context of the export market facing many difficulties. These are the driving forces that need to be focused on more to strive to achieve the highest goal from now until the end of the year.
In addition, according to the Deputy Minister of Planning and Investment, it is also necessary to regularly grasp the situation, carefully take advantage of every opportunity to increase international orders to boost exports, maintain production activities, especially in the domestic processing and manufacturing industry. These are the main contents related to the assessment of the results of the first 8 months of the year and August 2023 as well as the forecast of the situation from now until the end of the year.
This year, 95% of total public investment capital will be disbursed.
Regarding the question of public investment disbursement, the Prime Minister assigned that this year more than 95% must be disbursed, but by August it had only achieved more than 42%, which means only half of the Prime Minister's assigned level, while there are only more than 3 months left from now until the end of the year. So, what is the possibility of achieving this year's disbursement target?
Responding to this issue, the Deputy Minister of Planning and Investment said that in terms of the disbursement rate of public investment capital in the same period of August compared to previous years and in the past 5 years, August 2023 is the highest, not only in relative terms but also in absolute terms. That is also what makes us confident about achieving the high disbursement target from now until the end of 2023. We know that the capital is relatively large, but along with that is a large project portfolio and the investment projects are also quite large.
The key task from now until the end of the year for the disbursement of public investment capital, in addition to continuing to more strongly implement the solutions proposed by the Government in the Resolutions on promoting the disbursement of public investment capital as well as Resolution 105 of the Government, the most important thing is that the agencies implementing public investment capital must speed up the progress and quickly implement the procedures for disbursing public investment capital" - said the Deputy Minister.
The leader of the Ministry of Planning and Investment also said that the entire system for disbursement and administrative procedures is now ready; if there are disbursement documents, the money will be transferred as quickly as possible. However, this requires a lot of effort and hard work from project management agencies and contractors.
“From now until the end of the year, we believe that the 95% disbursement level requested by the Prime Minister will be achieved in 2023,” said the Deputy Minister./.
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