Reviewing the positive points of the socio -economic situation in the first 10 months, the Prime Minister emphasized that the economy maintained the momentum of "better month after month, better quarter after quarter". Foreign affairs and international integration were promoted and were bright spots, Vietnam's prestige and international position continued to be raised. Many international organizations continued to positively assess Vietnam's development prospects.
However, there are still some difficulties and challenges: inflationary pressure is still high; budget revenue in the first 10 months decreased compared to the same period; credit growth has not met requirements; bad debt tends to increase... Reasons: Vietnam is a developing country, the economy is in the process of transformation, starting from a low point, the scale is still modest, openness is large, resistance to external shocks and competitiveness is still limited.
Prime Minister Pham Minh Chinh chaired the meeting on the morning of November 4.
"Through the vote of confidence, the National Assembly and voters expect and expect more from the Government. Therefore, we have made a determination and must be even more determined, have made an effort and must make even more effort, have tried and must try even more," said the Prime Minister.
The Head of Government also requested to continue to prioritize promoting growth, maintaining macroeconomic stability, controlling inflation, and ensuring major balances. Continue to implement a proactive, flexible, timely, and effective monetary policy, in a synchronous, close, and harmonious coordination with the implementation of a reasonable, focused, and key expansionary fiscal policy and other policies.
In particular, promoting the disbursement of public investment capital, the Socio-Economic Recovery and Development Program, and 3 national target programs; speeding up the planning approval process, striving to disburse at least 95% of the capital plan for 2023. Focusing on removing difficulties and obstacles, ensuring the supply of common construction materials (sand, embankment soil) and controlling the price of raw materials for expressway projects.
In particular, actively restore and develop the corporate bond and real estate markets. Urgently review and evaluate the implementation of Decree No. 08 of the Government on amending, supplementing and suspending the implementation of a number of articles in the decrees regulating the offering and trading of individual corporate bonds in the domestic market and the offering of corporate bonds to the international market.
Further information at the Government press conference on the afternoon of November 4, Deputy Minister of Finance Nguyen Duc Chi said that by the end of October, 70 enterprises had tested the issuance of individual corporate bonds with a volume of VND180,400 billion. Of which, institutional investors accounted for over 95% and individual investors only about 5% participated in purchasing the issued individual corporate bonds.
The Ministry of Finance has directed the State Securities Commission and stock exchanges to monitor, inspect and strictly handle according to the law if enterprises have issued bonds without registering for trading on this system as prescribed.
Source link
Comment (0)