The Prime Minister chaired the regular Government meeting, discussing solutions to remove difficulties for the last months of the year 203

The Prime Minister requested that Government members focus on discussing and carefully analyzing the achievements, especially the limitations and difficulties, thereby discussing solutions to overcome them in the second quarter and the last months of the year.

Thủ tướng Phạm Minh Chính chủ trì Phiên họp Chính phủ thường kỳ tháng 5/2023. (Nguồn: TTXVN)

Prime Minister Pham Minh Chinh chairs the regular Government meeting in May 2023. (Source: VNA)

On the morning of June 3, at the Government Headquarters, Prime Minister Pham Minh Chinh chaired the regular online Government meeting in May with localities to assess the socio -economic situation in May and the first 5 months of 2023; the implementation of the socio-economic recovery and development program; the allocation and disbursement of public investment capital; the implementation of 3 National Target Programs; the results of planning work according to the provisions of the Law on Planning; the results of the work of Government members who chaired and urged and worked with localities on the situation of production, business, public investment, infrastructure construction and import and export.

Attending the meeting at the Government Headquarters were Deputy Prime Ministers Le Minh Khai and Tran Hong Ha; Ministers, Heads of ministerial-level agencies and Government agencies; representatives of some Party Committees and National Assembly Committees. Attending the meeting at local bridges were Chairmen of People's Committees of provinces and centrally-run cities.

Opening the meeting, Prime Minister Pham Minh Chinh said that this meeting was held after the success of the mid-term conference of the Central Executive Committee and the ongoing 5th session of the 15th National Assembly, spending time discussing the socio-economic development situation.

In particular, the Government has recently sent 25 working delegations to localities to urge production, business, public investment, infrastructure construction and import and export...

The Prime Minister requested that Government members focus on discussing and carefully analyzing what has been achieved, especially the limitations, difficulties and challenges, especially in production and business, in order to discuss solutions to overcome them and achieve high results in the tasks in the second quarter and the last months of the year.

The report at the meeting showed that in the context of the world facing many difficulties and challenges, the socio-economic situation of our country in May continued to change quite positively, contributing to improving the overall results of the first 5 months of the year and creating momentum for the following months. In particular, the macro economy continued to be stable, inflation was controlled, and major balances were ensured.

The average consumer price index (CPI) in the first 5 months increased by 3.55% over the same period, continuing the downward trend (4-month increase of 3.84%); core inflation continued to change positively.

The monetary market is basically stable; lending interest rates have decreased; exchange rates have been stabilized in line with market developments; the safety of the banking system has been ensured. State budget revenue for the first 5 months has reached 48% of the estimate.

Import-export turnover, export and import in May are estimated to increase by 5.3%, 4.3% and 6.4% respectively compared to the previous month; estimated trade surplus in 5 months is 9.8 billion USD.

Registered FDI in May reached nearly 2 billion USD, 2.2 times higher than the same period last year; the total for the first 5 months reached 10.86 billion USD, equal to 92.7% compared to the same period last year.

Production and business activities continued to change. Backlogged issues and obstacles continued to be resolved, the corporate bond and real estate markets initially changed positively, and public investment disbursement was accelerated... which actively supported and gradually cleared the cash flow for businesses, improving the economy's ability to absorb capital.

Thủ tướng chủ trì Phiên họp Chính phủ thường kỳ, bàn giải pháp tháo gỡ khó khăn cho những tháng cuối năm 203

Ministers and representatives of Government agencies attend the regular Government meeting in May. (Source: VNA)

Disbursement of public investment capital as of May 31 reached over VND 157,000 billion, equal to 22.22% of the plan assigned by the Prime Minister, equivalent to the same period in 2022, but the absolute number was VND 41,000 billion higher; pushing a large amount of capital into the economy, supporting output for many industries and fields, and creating jobs.

In May and the first 5 months of 2023, the Government continues to focus on doing a good job of social security and improving people's lives.

The fields of culture, sports, tourism, and information and propaganda continue to receive attention and be promoted.

Vietnam successfully participated in the 32nd SEA Games. Many cultural activities, art and political programs were organized to celebrate the Dien Bien Phu Victory, President Ho Chi Minh's birthday..., cultural activities to stimulate the 2023 tourism season.

The education sector is actively preparing for the National High School Graduation Exam and University and College admissions; focusing on overcoming the local surplus and shortage of teachers in localities.

The health sector closely monitors the development of the Covid-19 epidemic, proactively prevents epidemics and infectious diseases, which are common in the hot season; handles and overcomes the shortage of drugs and medical supplies at a number of large medical examination and treatment facilities...

National defense and security are ensured. Foreign affairs are proactively, actively, effectively and practically implemented; high-level delegation exchanges are well organized, closely linking bilateral and multilateral relations, successfully participating in many initiatives and positive exchanges recorded at the 42nd ASEAN Summit, the G7 Summit, the Future of Asia Conference in Japan, etc.

This shows that Vietnam's position and role are increasingly enhanced, contributing to enhancing partnerships, promoting economic diplomacy to promote exports, attract FDI, and international tourist markets.

However, production, business, industrial production, export, investment, FDI attraction... continue to face many difficulties.

Enterprises face great challenges to survive, maintain production and business, and wait for more positive opportunities from the market.

Macroeconomic management continues to be under pressure, and state budget revenue in the coming time may be strongly affected due to difficulties in production, business, and investment.

The labor and employment situation faces many challenges. Risks of epidemics, storms, floods, heat waves, droughts, unpredictable climate change, economic security, cyber security, and complex school violence continue to be issues of concern.

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