Pay special attention to 6 contents in directing and operating

On the morning of August 5, under the chairmanship of Prime Minister Pham Minh Chinh, the July regular Government meeting focused on discussing the socio-economic development situation in July and July; orientations, key tasks in August and the last months of 8 and a number of other important contents.

Concluding the meeting, the Prime Minister stated that the growth target has not been adjusted and paid special attention to 6 contents in socio-economic management – ​​Photo: VGP/Nhat Bac

The socio-economic situation in July is better than in June

The reports and opinions at the meeting agreed to evaluate, on the work of direction and administration in JulyThe Government and the Prime Minister have focused on the work of building and perfecting institutions and laws: Organized a thematic session on law development in July 7, reviewed and commented on 2023 important content; promulgated 8 normative documents (7 Decrees and 6 normative decision of the Prime Minister).

Generally in 7 months, the Government and Prime Minister have issued 50 decrees, 19 normative decisions, 130 resolutions and many individual decisions, 23 directives.

The Government promulgates the Action Program to implement the Politburo's conclusion 50 on continuing to implement the Central Government's Resolution No. 18 "Some issues on continuing to innovate and reorganize the apparatus of the political system". lean value, effective and efficient operation”; Report on the implementation of the Resolution of the National Assembly on thematic supervision and questioning activities in the banking, planning and investment sectors...

The Government continues to focus on removing difficulties and obstacles, supporting people and businesses to develop production and business; promulgate resolutions on improving the efficiency of international economic integration, promoting rapid and sustainable economic development; arrange administrative units at district and commune levels; step up administrative procedure reform, tighten discipline and discipline. The Prime Minister issued 8 Publications and 1 Directive on rectification, strengthening responsibilities and improving the efficiency of administrative procedure reform, promptly removing obstacles and difficulties for people and businesses...

The Government and the Prime Minister organize and chair many important meetings, conferences and forums on promoting economic diplomacy; national important works and projects, key transport sector; remove difficulties, promote highway projects and implement ODA projects (Mekong Delta region); preliminary review and implementation of banking activities, implementation of national digital transformation and Project 06; implementing commitments at COP26… The Prime Minister has established regional Coordinating Councils: Central Highlands, Red River Delta, Southeast, North Central and Central Coast; organize regional Coordinating Council meetings…

Organizing many events, cultural, social and sports activities. Promoting foreign affairs, especially economic diplomacy, signed a Free Trade Agreement (FTA) with Israel, welcomed, held talks and received many high-level delegations from other countries.

Regarding the socio-economic situation, The reports and opinions unanimously assessed that, despite being greatly influenced by the world situation, under the leadership of the Party, the participation of the whole political system, the active participation of the people, the community, and the whole political system. business cooperation, the scientific, drastic and effective direction and management of the Government, the Prime Minister, and the socio-economic situation in July was better than in June, contributing to the overall results of 7 months.

Notably, the macro-economy continued to be stable, inflation was controlled, and major balances were ensured. Inflation continued its downward trend while inflation in many countries continued to stay at a high level; The average CPI in 7 months increased by 3,12% (compared to the average of 6 months by 3,29%; 5 months by 3,55%; 4 months by 3,84%; 3 months by 4,18%; 2 months by 4,6, 1% and January was 4,89%.

Delegates at the meeting agreed to evaluate the socio-economic situation in July better than in June, contributing to the overall results of the first 7 months of 6 – Photo: VGP/Nhat Bac

The situation in the money and stock markets was basically stable, with a positive recovery trend, and interest rates continued to decrease. State budget revenue in 7 months reached over 1 million billion VND, equaling 62,7% of the estimate in the condition that the extension, postponement, exemption and reduction of taxes, fees and charges (expected to be 2023 trillion VND in the whole year of 200) ).

Import and export continued to increase again. In July, exports increased by 7% from the previous month; imports increased by 2,1%; trade surplus of 2,4 billion USD. In general, in 3 months, exports reached 7 billion USD, imports reached 195,4 billion USD; trade surplus of 178,9 billion USD.

Energy and food security are guaranteed. In 7 months, producing more than 24,1 million tons of rice, ensuring domestic consumption and exporting more than 4,83 million tons of rice with a turnover of 2,6 billion USD, up 18,7% in volume and 29,6 percent. 43,1% in value. It is estimated that the whole year will reach about 452.000 million tons of rice, up 7,5 tons over the same period, exporting XNUMX million tons of rice.

Major sectors and fields recovered well. Agriculture continues to have many bright spots, being a solid fulcrum of the economy. Stable livestock. Aquatic production in July increased by 7%, 2,6 months increased by 7%. Export of agricultural, forestry and fishery products in July reached 1,9 billion USD, up 7% over the same period, 4,62 months reached more than 5,3 billion USD. Particularly, vegetables and fruits have exported 7 billion USD.

Industry continues to recover. The index of industrial production (IIP) in July increased by 7% over the previous month and by 3,9% over the same period last year, of which processing and manufacturing increased by 3,7%.

Trade and services continued to increase quite well. Total retail sales of goods and services in July increased by 7% over the previous month and by 1,1% over the same period; 7,1 months increased 7%. International visitors in July reached more than 10,4 million arrivals (the month with the largest number of international visitors since opening), an increase of 7% compared to the previous month and nearly 1 times higher than the same period; 6,5 months reached nearly 3 million turns, 7 times higher than the same period.

Investment capital achieved positive results. Disbursement of public investment in 7 months reached 267,63 trillion VND, reaching 37,85% of the plan, increasing by 3,38% in ratio and increasing by 80,78 trillion VND in absolute amount. Total registered FDI capital in July reached over 7 billion USD, up nearly 2,8% over the previous month, 9 months reached nearly 7 billion USD, up 16,24%; Realized FDI in 4,5 months reached 7 billion USD, up 11,58%. Vietnam continues to be an attractive destination for international investors.

The business development situation is more positive, in July there were 7 thousand newly registered enterprises, an increase of 13,7% in the number of enterprises and an increase of 4,3% in the registered capital over the same period. Generally, in 2,4 months, there were 7 enterprises entering and re-entering the market, higher than the number of enterprises withdrawing from the market at 131.900.

Agencies interested in handling outstanding issues (such as O Mon Thermal Power Center, Gas Block B); solving arising problems (operating individual corporate bond trading floors, problems of real estate projects, reducing lending interest rates...); handling new issues (reducing taxes, fees, land use fees, reducing VAT, etc.).

Well organized activities to celebrate the 76th anniversary of Invalids and Martyrs' Day. Pay attention to ensuring social security; in 7 months has supported more than 18.200 tons of rice for 204.700 households with more than 1,2 million people. Increase the base salary by 20,8% and increase the standard allowance and preferential allowance for people with meritorious services by 26,5% from 1/7/2023. People's lives are improved; According to a survey by the General Statistics Office, the percentage of households with income unchanged and increased is 94,5%, higher than the same period in 2022 (81,6%).

The United Nations Development Program (UNDP) ranks Vietnam among 25 countries that have successfully reduced multidimensional poverty. Traffic accidents, damage caused by natural disasters, fire and explosion reduced; in 7 months the number of traffic accidents decreased by 9,3%; the number of deaths decreased by 9,4%; the number of people with minor injuries decreased by 11,8%. Total value of property damage due to natural disasters decreased by 84,3%; due to fire and explosion decreased by 77,9%..

Stable political and social situation; Defence and security is maintained; basic social order and safety are guaranteed. The fight against corruption and negativity continues to be strengthened and promoted; promptly inspect, examine, investigate, prosecute and adjudicate cases, violations and pressing issues. External relations and international integration continue to be promoted and become a bright spot; Vietnam's international prestige and position continues to be enhanced.

The Prime Minister stated that continuing to stick to reality, strengthen analysis and forecast of the situation to have timely and effective policy responses, carefully prepare plans, scenarios and solutions to respond, decisively not to be passive, surprised – Photo: VGP/Nhat Bac

Concluding remarks, Prime Minister Pham Minh Chinh basically agreed with the ideas at the meeting. In the past 7 months and July, the Government, Prime Minister, and members of the Government have focused on directing ministries, sectors and localities to focus on implementing the Resolution of the 7th Party Congress, resolutions of the Central Committee and Ministries. Politics, the National Assembly, and the Government have made efforts to carry out the assigned tasks, basically achieving good results.

In general, the socio-economic situation in July and the first 7 months of the year, despite facing many difficulties and challenges from both outside and inside, still achieved the overall goal: The macro-economy was maintained stably. determined; inflation is under control; growth is promoted; public debt, government debt, overspending are controlled; major balances of the economy, social security and people's life are ensured; Social and political stability; Defense and security are strengthened; foreign relations and international integration are promoted; maintaining a peaceful and stable environment for national development, contributing to strengthening the people's trust in the Party and State.

The Prime Minister and delegates said that it is necessary to put Vietnam in the context of common difficulties in the world. International organizations have positively assessed and forecasted Vietnam's economic situation. Vietnam rose 4 places in the “Global Peace Index” in 2023.

In addition, the Prime Minister pointed out the shortcomings, limitations, difficulties and challenges. Inflation tends to decrease but still under many pressures. Credit growth is low, capital absorption is still weak, and access to capital is still difficult. State budget revenue in 7 months decreased by 7,8% over the same period; bad debt on the balance sheet should be noted.

Managing domestic monetary policy is difficult in the context that many countries continue to tighten monetary policy. Enterprises continued to face difficulties, especially in terms of access to capital, and decreased orders. The non-business and real estate market still faces many difficulties and problems.

Demand in large and traditional markets declined, leading to a decrease in total import-export turnover in 7 months compared to the same period last year (although the following month was better than the previous month). Industry continued to recover but slowly. Purchasing Managers' Index (PMI) in July reached 7 points, more positive than June (48,7 points) and May (6 points), showing that business confidence has increased but remains below 46,2 points.

The planning and appraisal work should continue to accelerate and improve the quality. A part of cadres, civil servants and public employees are still afraid of making mistakes, afraid of responsibility, avoiding and pushing work. The life of a part of the people is difficult. Climate change, natural disasters, storms and floods continue to be complicated... Security, social order and safety have many potential risks, especially drug and cybercrime. Protecting sovereignty and territorial integrity faces many challenges.

The Prime Minister stated that the cause of the achieved results is the leadership and direction of the Central Committee, which directly and often is the Politburo and the Secretariat, headed by General Secretary Nguyen Phu Trong; the close companionship and coordination of the National Assembly; the involvement of the whole political system; the support and active participation of the people and business community; the support and help of international friends and the drastic, focused, focused, flexible and effective leadership and management of ministries, branches and localities.

Regarding limitations and weaknesses, the objective reason is that the world situation is complicated, unpredictable, with many difficulties and challenges, Vietnam is a developing country, the economy is in transition, and the resilience is still limited. processing; The subjective cause is that some ministries, branches and localities still lack initiative, drastic, and lack of close and effective coordination in deploying and performing functions and tasks; there is a part of officials who are afraid of making mistakes, afraid of responsibility, and cumbersome administrative procedures; listening and solving difficulties and problems of people and businesses is not really drastic, timely, substantive and effective.

Regarding lessons learned, the Prime Minister emphasized the need to strictly follow the leadership and direction of the Party, State, National Assembly and Government; tighten discipline and discipline in management and administration; firmly grasp the situation, stick to reality, have quick and timely response in accordance with the assigned functions, tasks and authority, improve the initiative and timeliness; uphold the spirit of effort, self-reliance, self-reliance, not saying no, not saying difficult, not saying yes but not doing, encouraging people who dare to think, dare to do, dare to make breakthroughs for the common good; promote assignment, decentralization and decentralization associated with resource allocation, improve enforcement capacity, personalize responsibilities of the head, strengthen inspection, supervision, control of power, improve efficiency coordination between ministries, branches and localities; actively listen and focus, decisively and promptly solve difficulties and problems of people and businesses.

In August and the last months of the year, the Prime Minister stated that the situation will be more difficult, many problems have not been fully anticipated, in which the situation of natural disasters, storms and floods is complicated; however, must be persistent, steadfast, and focus on implementing the general goals set out in the Resolution of the 8th Party Congress and resolutions of the Central Committee, the Politburo, the National Assembly and the Government.

We have not changed our growth target, so in the last 6 months of the year, we must achieve a growth rate of about 9%.

Prime Minister Pham Minh Chinh

The Prime Minister stated the requirements: Continue to stick to reality, strengthen analysis and forecast of the situation to have a timely and effective policy response, carefully prepare plans, scenarios and response solutions. , definitely not to be passive or surprised; proactive, flexible in directing and operating, having the right and winning solutions to focus on effective implementation with the spirit of right thought, high determination, great effort, drastic action, and perseverance. , persistently implement the set goals and tasks; promote solidarity, unity, close and effective coordination.