Recently, in Hanoi, the Government Office held a regular Government press conference for May 2024. Minister, Head of the Government Office Tran Van Son, Government Spokesperson chaired the press conference.
Also attending were representatives of leaders of relevant ministries, branches and many reporters from news agencies, newspapers and media.
The economy maintains positive growth momentum
Speaking at the press conference, Minister, Head, and Chairman of the Government Office Tran Van Son said that on the morning of June 1, Prime Minister Pham Minh Chinh chaired the regular meeting of May to assess the socio-economic situation in May and the first 5 months of 2024; the implementation of 3 national target programs, disbursement of public investment capital and a number of other important contents; and propose key tasks and solutions in the coming time.
Regarding the discussion at the Government meeting this morning, comrade Tran Van Son said that the Government members unanimously agreed that the socio-economic situation in May and the first 5 months of 2024 continued to be positive, with many areas achieving higher results than in April and overall the first 5 months were better than the same period in 2023 in most areas.
In particular, the economy continued to maintain positive growth momentum in all three regions. Agricultural production developed steadily; industrial production recovered well, with an overall increase of 6.8% in the first five months; the service sector continued to grow strongly. The macro economy continued to be stable, inflation was controlled, and major balances were ensured. Exports continued to increase strongly. Total import-export turnover in May increased by 9.1% compared to April; overall in the first five months, it increased by 16.6%, of which exports increased by 15.2%; imports increased by 18.2%. The trade balance in the first five months had a trade surplus of 8.01 billion USD.
The state financial and budget situation continues to improve. State budget revenue has increased sharply. The total state budget in the first 5 months is estimated to reach 52.8% of the annual estimate, up 14.8% over the same period. Public debt, government debt, national foreign debt and state budget deficit are controlled below the prescribed limit. The tourism sector has recovered strongly, surpassing the same period before the pandemic. International visitors in the first 5 months reached 7.6 million, up 64.9% over the same period in 2023.
Development investment continued to achieve positive results. Disbursement of public investment capital in the first 5 months reached 22.3% of the plan, higher than the same period last year. FDI attraction reached 11 billion USD, up 2%, of which newly registered capital reached 7.9 billion USD, up 27.5%, the highest in the past 3 years; realized FDI capital reached 8.3 billion USD, up 7.8%, the highest in recent years. Business development has a positive trend; in the first 5 months, 98.8 thousand enterprises were newly established and returned to operation, up 4.1% over the same period, higher than the number of enterprises withdrawing from the market.
Continue to operate monetary policy proactively, flexibly and promptly
According to the Head of the Government Office, Tran Van Son, in addition to affirming that the achieved results are fundamental, the Government members frankly acknowledged that there are still shortcomings, limitations, difficulties and challenges. Notably, the pressure on management and direction is still high, especially in terms of stabilizing the macro economy, controlling inflation, exchange rates and improving the effectiveness of gold market management. The production and business situation in some areas is facing many difficulties; agriculture is facing unfavorable weather; industrial production, some service sectors, and purchasing power are recovering but slowly. Access to credit capital is still difficult (by the end of May, credit growth only reached 2.41%); bad debt tends to increase; the number of enterprises withdrawing from the market is still high.
The real estate market has initially stabilized but difficulties and problems have been slowly resolved; the implementation of the VND120 trillion credit package for social housing has not been improved; VND29.1 trillion of public investment capital has not been allocated; the lives of a part of the population are difficult; natural disasters, epidemics, heat waves, droughts, and landslides are serious in some places; the situation of crime, cybercrime, and information security and safety is still complicated...
Based on identifying causes, lessons learned and analyzing the international, regional and domestic situations, the Prime Minister clearly stated the viewpoints on direction, management and key tasks and solutions in the coming time.
Regarding macroeconomic management, continue to operate monetary policy proactively, flexibly, promptly and effectively; coordinate synchronously, harmoniously and closely with a reasonable, focused and key expansionary fiscal policy. Create favorable conditions for businesses and people to access credit capital, directing credit to production and business, priority areas. Immediately deploy solutions to stabilize the gold market; strive to increase revenue and save state budget expenditures; soon have a plan to mobilize an additional 100 trillion VND in government bonds for transport infrastructure projects. Focus on handling difficulties and obstacles in mobilizing and using ODA capital. Continue to exempt and reduce taxes, fees, charges, and land use fees to remove difficulties for production and business activities.
Focus on renewing traditional growth drivers (investment, consumption, export) and strongly promoting new growth drivers, especially in 3 areas: Institutions, mechanisms, policies; regional economic development, regional and urban linkages; digital transformation, green transformation, circular economy, sharing economy, knowledge economy, new industries and fields such as semiconductor chips, AI... Resolutely promote further disbursement of public investment capital, 3 national target programs. Continue to promote the activities of 5 Working Groups of the Prime Minister and 26 Working Groups of Government members.
Accelerate the completion of institutions, laws, administrative procedure reform, and promote national digital transformation. Promptly and promptly issue complete and timely Decrees, Circulars, and guiding documents, ensuring the simultaneous effectiveness of the Laws on Land, Housing, Real Estate Business, and Credit Institutions... Resolutely reduce and simplify administrative procedures; promote digital transformation, Project 06, and build a National Data Center. Promptly issue and organize the implementation of the Plan to deploy issued plans, especially the VIII Power Plan, regional plans, and provincial plans.
Focus on removing difficulties, promoting manufacturing and processing industry, supporting industry; speeding up the progress of large-scale, high-tech projects with strong spillover; proactively and flexibly operating, definitely not allowing shortage of electricity and gasoline in any situation; taking advantage of opportunities to export agricultural products; promptly removing the "yellow card" (IUU); regulating and ensuring enough water for agriculture, electricity production, and people's daily life.
Continue to handle outstanding and long-standing issues, including the Bach Mai Hospital and Viet Duc Hospital 2 projects; ensure social security and people's lives. Prepare for salary reform according to the Resolutions of the Central Committee and the National Assembly on the principles of ensuring fairness, equality, harmony, stability and a suitable roadmap; propose the most suitable plan to be implemented from July 1, 2024. Strengthen national defense and security; ensure security and order, prevent crime; prevent corruption and negativity.
Binh Duyen (According to Xaydungdang.org.vn)
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