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| Economic diplomacy - a bright spot and foundation for better FDI attraction. Overview of the Government press conference in October 2023. (Photo: Gia Thanh) |
On the afternoon of November 4, the Government Office held a regular Government press conference for October 2023. Minister, Head of the Government Office Tran Van Son, Government Spokesperson, chaired the press conference.
Foreign affairs are promoted
Speaking at the press conference, Minister Tran Van Son said that the socio-economic situation of our country in October and the first 10 months of 2023 continued to show a positive recovery trend, with each month being better than the previous month, each quarter being higher than the previous quarter, and achieving important results in many areas.
Notably: Macroeconomic stability continues to be maintained; inflation is controlled; growth is promoted; major balances of the economy are ensured; public debt, government debt, national foreign debt, and state budget deficit are well controlled.
Domestic inflation was controlled in the context of high global inflation. The average consumer price index (CPI) in the first 10 months increased by 3.2%, much lower than the set target (about 4.5%), creating room for monetary and fiscal policies to promote growth and adjust prices of state-managed goods.
Besides, the currency market and exchange rate are basically stable; interest rates have decreased by about 2% compared to the end of 2022.
Energy and food security are ensured (7.1 million tons of rice were exported, with a turnover of nearly 4 billion USD, up 17% in volume and 34.9% in value over the same period). The labor market recovered, and the balance between labor supply and demand was ensured.
According to Minister Tran Van Son, import and export continued to increase and was a bright spot. Compared to the same period last year, October export increased by 5.9% and import increased by 5.2%; in which, the import and export of the domestic economic sector increased sharply (October export and import of the domestic economic sector increased by 15.1% and 8.5% respectively compared to the same period last year). In total, the trade surplus in the first 10 months was 24.61 billion USD (the same period last year had a trade surplus of 9.56 billion USD).
Trade and service activities were vibrant, maintaining a fairly high growth rate; total retail sales of goods and consumer service revenue in 10 months increased by 9.4% over the same period. International visitors to Vietnam in 10 months reached nearly 10 million, 4.2 times higher than the same period, far exceeding the target of 8 million visitors in 2023.
"Development investment continued to achieve positive results, an important driving force for economic growth. Disbursement of public investment capital in 10 months reached nearly 402 trillion VND, equal to 56.74% of the plan, up 5.5% over the same period, an absolute increase of about 104 trillion VND. Total registered foreign direct investment (FDI) reached more than 25.76 billion USD, up 14.7% over the same period; total realized FDI continued to increase, reaching 18 billion USD in 10 months, up 2.4%.
Many large, high-tech companies and corporations have come to Vietnam and committed to investing. In October, a contract was signed to implement the Block B gas-power project chain with an investment scale of 12 billion USD," the Government Spokesperson emphasized.
In addition, cultural and social fields are focused on; social security is ensured; epidemics are controlled (in October, we moved COVID-19 from group A to group B); people's lives are improved. Many celebrations and political and social events are organized practically and successfully.
The political and social situation is stable; national defense and security are maintained; social order and safety are basically guaranteed. The work of preventing corruption and negativity continues to be strengthened.
In particular, according to Minister Tran Van Son, foreign affairs, international integration, and economic diplomacy have been promoted as a bright spot and foundation for better FDI attraction, especially for technology investors. Many international organizations continue to positively assess Vietnam's development prospects.
Continue to prioritize growth
Regarding the direction and tasks in the coming time , Minister Tran Van Son informed that the Prime Minister clearly stated the requirements: Continue to maintain the general goals set out. That is to stabilize the macro economy, control inflation, promote growth, ensure major balances; well control public debt, government debt, and budget deficit; focus on social security, ensure people's lives; maintain political and social stability; further promote the work of preventing and combating corruption and negativity; consolidate and strengthen national defense, security, and foreign affairs...
Regarding the main tasks and solutions, the Prime Minister requested ministries, branches and localities to: Actively and effectively implement the Resolutions and Conclusions of the 8th Central Conference; focus on serving the National Assembly session well, in which closely coordinate with the National Assembly agencies to absorb and complete the draft Laws and Resolutions of the National Assembly on important and urgent issues.
Continue to implement proactive, flexible, timely and effective monetary policy. Continue to prioritize growth.
Promote manufacturing and processing industry, key industries; accelerate the progress of large-scale, high-tech projects with strong spillover effects; proactively deploy solutions to ensure energy security (electricity, gasoline). Review and minimize administrative procedures; promote decentralization and delegation of power; reorganize the apparatus, streamline the payroll; strengthen the fight against corruption, negativity and waste.
Focus on removing difficulties for production and business; unblocking, mobilizing and effectively using resources. Accelerating disbursement of public investment capital, Recovery Program, 3 National Target Programs (striving to disburse at least 95% of the capital plan in 2023). Focus on cultural and social fields; do a good job of social security, ensuring people's lives.
Overcome the problem of medicine, equipment, medical supplies, some projects and hospitals that have lasted for many years; the local shortage of teachers, limitations and inadequacies in general education programs and textbooks. Be proactive and ready to deploy rescue work, promptly support people to overcome the consequences of natural disasters, storms, floods, landslides, riverbank and coastal erosion, and stabilize their lives.
Strengthen national defense and security; maintain social order and safety; promote foreign affairs and enhance information and propaganda work to create social consensus.
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