(Chinhphu.vn) - Reporting at the regular Government meeting in March 3, Minister of Planning and Investment Nguyen Chi Dung said that GDP in the first quarter increased by 2024% over the same period last year, exceeding The scenario set out in Resolution No. 5,66/NQ-CP (01-5,2%), is the highest increase in the first quarter since 5,6 until now.
Minister of Planning and Investment Nguyen Chi Dung spoke at the meeting – Photo: Nhat Bac/VGP
In the general growth rate of the entire economy, the industrial and construction sectors gradually regained growth momentum, estimated to increase by 6,28%, of which industry increased by 6,18%; The agriculture, forestry, fisheries and service sectors increased by 2,98% and 6,12% respectively over the same period last year.
Some localities with high growth in the first quarter: Bac Giang (14,2%), Thanh Hoa (13,2%), Tra Vinh (13,9%), Khanh Hoa (12,4%), Quang Ninh (8,9 .6,54%), Ho Chi Minh City (9,3%), Hai Phong (5,5%), Hanoi (XNUMX%)…
The report of the Ministry of Planning and Investment points out that the macroeconomic situation is basically stable, inflation is controlled, major balances are guaranteed, economic growth, production and business continue to recover. Equal recovery in all three sectors: agriculture, industry and services; The inventory index dropped sharply, FDI attraction reached a high level, and socio-economic activities became more vibrant... International organizations and businesses rated Vietnam as a bright spot in the map of global economic freedom; Along with Indonesia, Singapore is the "golden triangle" of startups in ASEAN; increased 3 places from position 8 to 115 in the UNDP Human Development Index Ranking.
"All levels, sectors, and localities have urgently and focused on implementing work, striving to best complete the requirements, tasks and large workload set in 2024", Minister Nguyen Chi Dung emphasized.
However, the Minister also commented that difficulties and challenges are still very large; There are new factors from both inside and outside the economy, creating pressure on macroeconomic stability, inflation, exchange rates, major balances and management and administration to promote economic growth. chief in the near future. All levels, sectors and localities need to continue to consistently and steadfastly implement the set goals, perspectives and development orientations; Make efforts to overcome difficulties and overcome challenges to effectively carry out assigned work.
Updated growth scenario for 2024
Based on the results of the first quarter, forecasting the situation in the second quarter and the whole year, the Ministry of Planning and Investment forecasts 2 growth scenarios.
Scenario 1: Economic growth for the whole year is expected to reach 6% (close to the target decided by the National Assembly), the last 9 months of the year increased by about 6,12%, of which, growth in the second quarter was 5,85%, the third and fourth quarters. 6,22% and 6,28% respectively, reaching the lower limit or lower than the scenario set out in Resolution No. 01/NQ-CP.
Scenario 2: Economic growth for the whole year reached 6,5% (close to the target decided by the National Assembly), the last 9 months of the year increased by about 6,75%, of which, growth in the second quarter was 6,32%, the third quarter and the second quarter increased by 6,79%. IV are 7,08% and 0,1% respectively. Quarterly growth is about 01% higher than the upper-bound scenario proposed in Resolution No. XNUMX/NQ-CP.
The Ministry of Planning and Investment recommends choosing scenario 2. As the world and domestic situation changes more favorably, continue to research and implement new fiscal and monetary support policies... to strive to achieve the highest growth rate.
Key solutions in the second quarter
To continue to well implement the set goals and tasks, Minister Nguyen Chi Dung said, the Ministry of Planning and Investment advises and recommends key and specific tasks and solutions.
First, ensure the quality and progress of law projects, resolutions, and content submitted to the National Assembly at the 7th session; Coordinate closely, early and remotely with agencies of the National Assembly to proactively absorb and explain, especially with new, pilot and specific institutional issues, mechanisms, policies and regulations. .
Second, focus on developing and promulgating documents guiding the implementation of the Land Law, the Law on Credit Institutions, the Law on Real Estate Business, the Law on Housing..., ensuring sufficient conditions to submit to the National Assembly for approval. Allow early implementation of these laws in July 7. Localities need to focus on reviewing and amending documents under their authority to be able to apply the Land Law immediately after taking effect, especially in developing land price lists.
Third, continue to synchronously and drastically implement solutions and policies to support production and business, create jobs and livelihoods for people.
Fourth, ensure the requirements and progress of implementing the new salary regime from July 1, 7 in accordance with the policies of the Party Central Committee and resolutions of the National Assembly.
Thursday, continue to strongly promote and renew growth drivers in investment, consumption and export; Maximize the exploitation of new growth drivers from digital transformation, green transformation...
Along with that, we need to urgently concretize and effectively exploit international treaties and agreements of senior leaders; Research and advise on new, comprehensive and breakthrough mechanisms, policies and solutions to maximize new opportunities, opportunities and advantages for growth and development;
Promote improvement of mechanisms, policies, laws, administrative reform, and reduction of administrative procedures. Maintain macroeconomic stability, control inflation, and ensure major balances of the economy. Focus on doing well in social security, cultural development, education, health care, and environmental protection. Firmly ensure national defense, security, social order and safety. Strengthen international integration deeply, substantially and effectively. Enhance information and propaganda...
Minh Ngoc – Government e-information portal
