The Politburo requested solutions to support people and businesses.

On July 21, General Secretary Nguyen Phu Trong chaired a meeting of the Politburo and Secretariat to give opinions on the socio-economic situation in the first 6 months of the year, and tasks and solutions for the last 6 months of 2023.

At the meeting, the Politburo and the Secretariat basically agreed with the assessment of the socio -economic situation in the first 6 months of the year as reported by the Government Party Committee. However, the Politburo and the Secretariat also said that due to the continued difficulties of the world economy, the slow recovery of global trade, the increasingly complicated geopolitical situation, along with a number of limitations, difficulties and obstacles in the country, economic growth has not yet reached the set target. Administrative procedures in some areas are still cumbersome and complicated. A number of officials are afraid of responsibility, afraid of making mistakes, shirking responsibility and avoiding handling work within their authority.

General Secretary Nguyen Phu Trong delivered concluding remarks at the meeting.

In addition, some mechanisms, policies and legal regulations are still not synchronized, overlapping and inconsistent; decentralization and delegation of power are still entangled. The shortage of electricity, medicine, medical supplies and equipment has not been completely resolved. The labor and employment situation in some localities and fields, and the lives of a part of the population are still facing difficulties. The security, order, social safety and crime situation in some areas still have potential complex factors, especially cyber security, drugs, black credit, etc.

Macroeconomic stability

Regarding the tasks for the last 6 months of the year, the Politburo requested to continue to effectively implement the resolutions and conclusions of the Central Committee, the Politburo, the National Assembly, and the Government; urgently and resolutely focus on reviewing and perfecting policy and legal mechanisms. At the same time, promote decentralization and delegation of power associated with appropriate resource allocation and strengthen control; continue to streamline the apparatus to be lean, effective, and efficient.

The Politburo also requested to continue to implement the goal of maintaining macroeconomic stability, controlling inflation, promoting growth and ensuring major balances of the economy. Continue to implement fiscal policies with focus and key points, focusing on supporting businesses and people to reduce cost pressure and promote production.

Proactive, flexible, timely and effective monetary policy, closely coordinated with fiscal and business policies, increasing access to capital to create growth momentum; reviewing, perfecting and effectively implementing specific solutions to support businesses and people to recover and develop production and business, and consolidate and promote growth momentum.

Do a good job of social security

The Politburo also emphasized the need to resolutely and effectively implement the tasks and solutions of the socio-economic recovery and development program and the three national target programs. Strongly promote the disbursement of public investment capital; have effective solutions to ensure that the corporate bond, real estate, bank credit, securities, science and technology markets operate safely, healthily and sustainably; ensure the supply of gasoline and electricity for production and consumption.

In addition, promote domestic consumption production along with diversifying markets and export products; focus on quickly and effectively handling problems related to VAT refunds, drugs, medical supplies, regulations on petroleum trading, fire prevention and fighting; and implement Power Plan 8.

Another task emphasized by the Politburo is to develop new growth drivers of the economy, make the most of external support resources to promote innovation, develop the digital economy, and digital transformation. At the same time, do a good job of social security and social welfare; ensure a stable life for the people.

Resolve major cases

The Politburo also requested to further promote the work of preventing corruption, negativity, group interests, practicing thrift, fighting waste, resolving complaints and denunciations; speeding up the investigation and handling of cases and incidents directed and monitored by the Central Steering Committee on preventing and combating corruption and negativity...

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