Vietnam’s economic growth this year is projected at nearly 8%, up 1.5-2% from the initial target, said Prime Minister Pham Minh Chinh while delivering the 2022 socio-economic performance report and 2023 socio-economic development plan at the 14th National Assembly’s fourth session in Hanoi on October 20.
Prime Minister Pham Minh Chinh speaks at the event (Photo: VNA)
Hanoi (VNA)𝔍 – Vietnam’s economic growth this year is projected at nearly8%, up 1.5-2% from the initial target, said Prime Minister Pham Minh Chinhwhile delivering the 2022 socio-economic performance report and 2023socio-economic development plan at the 14th National Assembly’sfourth session in Hanoi on October 20.
The Government leader said important results were achieved in socio-economic development in the first nine months of this year, with 14 out of the 15 targets being met. The consumer price index increased by 1.73% in the period under review, and is expectedto hike by nearly 4% for the whole of this year. Growth in agriculture reached 2.99%, industry andconstruction 9.44%, and services 10.57%. Export-import value surpassed 558 billionUSD, up 15% and trade surplus hit 6.76 billion USD. Attentionwas paid to the fight against the COVID-19 pandemic, natural disasters, corruption andnegative phenomena, contributing to strengthening public trust. About 87trillion VND (3.78 billion USD) in aid has been given to about 56 million people, workers and over730,000 employers hit by COVID-19.
Delegates at the event (Photo: VNA)
For the time betweennow and the year’s end, the PM ordered efforts to ensure macro-economic stability,control inflation and supply-demand, especially key necessities for the Lunar NewYear holiday. Efforts must also be exerted to controll interest rates proactively and flexibly, and to hasten the disbursementof public investment capital and the progress of the socio-economic recoveryand development programme along with three national target programmes. Nextyear, there are 15 key socio-economic and environment targets, including GDPgrowth of around 6.5%, CPI of some 4.5%, social productivity of5-6%, the rate of unemployment below 4%, and a 1-1.5% decrease inmultidimensional poverty reduction. Tosuch end, the Government will improve business environment, ensure majorbalances of the economy, enhance the efficiency of economic restructuring intandem with renewing the growth model, improving the quality, competitiveness,self-reliance and resilience of the economy, while perfecting harmonious andstrategic infrastructure, particularly transport, digital, and climate changeresponse infrastructure.
Illustrative image (Photo: baochinhphu.vn)
Focuswill be placed on hi-quality workforce training and propelling start-ups andinnovation, ensuring social welfare and improving material and spiritual lives. TheGovernment will continue with measures to improve the efficiency of using andmanaging land and natural resources, protect the environment and respond to climatechange, increase the efficiency of external affairs and global integration, and furtherinformation and communications work to create social consensus. PMChinh said the Government hopes for close directions from the PartyCentral Committee and its Secretariat, the Politburo and Party GeneralSecretary Nguyen Phu Trong, and support from the National Assembly, the President, the Vietnam Fatherland Front, socio-political and mass organisations, voters andpeople nationwide so as to accomplish the 2022 and 2023 tasks, contributing torealising 2021-2025 socio-economic development tasks set by the 13th National Party Congress./.
Prime Minister Pham Minh Chinh stressed the need for drastic measures to speed up the disbursement of public investment capital and the implementation of the socio-economic recovery and development programme as well as three national target programmes, while chairing a meeting with ministries, sectors and localities on September 26.
Prime Minister Pham Minh Chinh has ordered stronger efforts to achieve the best possible socio-economic development results in 2022 and create momentum for next year.
Amid fluctuations in the world situation, especially the increase in interest rate, soaring inflation and tightened monetary policies, the Government will stay consistent with the targets of maintaining macro-economic stability, reining in inflation, promoting growth and ensuring major economic balances in the rest of the year.
Prime Minister Pham Minh Chinh said the banking system plays the role as arteries of the economy while addressing a meeting with chairpersons and CEOs of commercial banks in Hanoi on October 16.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
The ministry has instructed Vietnamese representative agencies in Israel, Iran, as well as those in neighbouring countries, to closely monitor the situation and request local authorities to ensure absolute safety for Vietnamese citizens living, studying, and working in high-risk areas.
Senior Vietnamese leaders on June 19 sent letters of congratulations to New Zealand leaders on the occasion of the 50th founding anniversary of Vietnam – New Zealand diplomatic relations (June 19, 1975 – 2025).
The Party chief attributed the achievements in the first half to the continuous, direct, and comprehensive leadership of the Politburo and the Secretariat of the Party Central Committee, and the close and effective coordination of relevant ministries, sectors and localities.
General Nguyen Tan Cuong, Chief of the VPA’s General Staff and Deputy Minister of National Defence reaffirmed Vietnam’s unwavering gratitude for Cuba’s invaluable support during its struggle for independence and nation-building efforts, and pledged to stand shoulder-to-shoulder with Cuba as it navigates current challenges.
Prime Minister Pham Minh Chinh speaks at the event (Photo: VNA) 
Delegates at the event (Photo: VNA) 
Illustrative image (Photo: baochinhphu.vn) 
