Regular Government press conference November 2023

The press conference took place right after the regular Government meeting in November 2023 on the same day, chaired by Prime Minister Pham Minh Chinh .

Also attending the press conference were representatives of leaders of relevant ministries and branches, along with many reporters and journalists from news agencies and newspapers.

Minister, Head of the Government Office Tran Van Son, Government Spokesperson, chaired the regular Government press conference in November 2023.

Regarding the regular Government meeting in November 2023, a month with many important economic, political , social and foreign affairs events, especially the successful 6th Session of the 15th National Assembly, the Government Spokesperson said:

At the meeting, the Government focused on discussing: the socio-economic situation in November and 11 months of 2023; the implementation of the Socio-Economic Recovery and Development Program, 03 National Target Programs; the allocation and disbursement of public investment capital and a number of other important contents; proposing key solutions and tasks for the coming time.

Socio-economic situation in November and 11 months continues positive trend, each month is better than the previous month

Discussing at the meeting, the Government members agreed that with the consensus and active participation of the business community and people; and the support of international friends, the socio-economic situation in November and 11 months continued to trend positively, each month was better than the previous month, achieving the set general goals and many important results in various fields. Notably:

The macro economy is basically stable, inflation is under control, growth is promoted, major balances are ensured. The consumer price index (CPI) in November increased by 0.25% compared to October; the average increase in 11 months was 3.22% (much lower than the target of about 4.5% according to the Resolution of the National Assembly). The monetary market and exchange rate are basically stable, the interest rates for mobilization and lending continue to decrease. The state budget revenue in 11 months reached nearly 95% of the estimate while over 172 trillion VND of taxes, fees, and land use fees were exempted, reduced, and extended (of which about 65 trillion VND was exempted and reduced), the whole year is estimated to exceed the set target (mainly from production and business activities).

Import and export continued to increase again; Energy and food security were ensured (nearly 7.4 million tons of rice were exported in 11 months, with a turnover of nearly 4.16 billion USD, up 16.1% in volume and 35.1% in value over the same period). The balance between labor supply and demand was basically ensured.

Development investment continued to achieve positive results, continuing to be the driving force for economic growth. Registered and implemented FDI capital were both the highest since 2020. Total registered FDI capital in 11 months reached 28.85 billion USD, up 14.8% over the same period. Implemented FDI capital reached 20.25 billion USD, up 2.9%. Disbursement of public investment capital in 11 months is estimated at 65.1% of the plan, 6.8% higher than the same period (58.33%), the absolute number is nearly 123 trillion VND higher.

Cultural and social fields were focused on. Social indicators were basically completed, many indicators exceeded the plan. In November, many important political and social events were successfully organized. The political and social situation was stable; national defense and security were maintained; social order and safety were basically guaranteed; anti-corruption and negativity were resolutely implemented. Foreign affairs and international integration activities were promoted, many high-level foreign affairs activities took place continuously and successfully, creating new opportunities for investment and trade, contributing to creating a peaceful and stable environment and favorable conditions for national development.

International organizations continue to have good and quite positive assessments of Vietnam's economic growth prospects.

At the press conference, Minister, Head of the Government Office Tran Van Son, Government Spokesperson also informed about the shortcomings, limitations, difficulties and challenges raised by Government members to find solutions and solutions.

Regarding the direction and tasks for the coming time, after analyzing the international, regional and domestic situations, the Prime Minister stated: All levels, sectors and localities must make more efforts in implementing tasks and solutions in all fields; strive, have the highest determination and greatest effort to achieve the goal that the results in 2023 must be better than in 2022.

Prime Minister Pham Minh Chinh has assigned specific tasks to ministries, branches and localities. He requested that the Ministers, Heads of branches and Chairmen of People's Committees of provinces and cities, according to their functions, tasks and powers, focus on leadership and direction with higher determination, greater efforts, further promote the role of leaders, and strive to achieve the highest results in the assigned goals and tasks.

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