The press conference was chaired by Minister, Head of the Government Office Tran Van Son, Government Spokesperson.
Regarding the regular Government meeting in February, the Government Spokesperson said: On March 2, under the chairmanship of Prime Minister Pham Minh Chinh, the Government held a regular meeting in February 2024 to assess the socio-economic situation in February and the first two months of 2024; the implementation of the 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.
The meeting took place in the context of the world situation continuing to develop complicatedly, with many potential risks, especially conflicts affecting the supply chain, threatening energy and food security. In the country, the Lunar New Year holiday in February somewhat affected production and business results in a number of industries and fields.
In that context, the Government, all levels, sectors and localities have focused on directing and implementing the set goals and tasks, including ensuring that people across the country have a warm, joyful, healthy, safe, economical and meaningful Tet holiday, leaving no one without a Tet holiday according to the Directive of the Secretariat. The Government and the Prime Minister continue to promote the work of building and perfecting institutions (issuing 17 decrees and 1 normative decision); issuing 07 directives, 04 telegrams and focusing on urging the implementation of key tasks after the Tet holiday; promoting infrastructure projects...
The socio-economic situation in February and the first two months of the year continued to show a positive recovery trend, with most sectors achieving better results than the same period in 2023, creating new momentum, new spirit and development momentum in the coming time.
The macro economy continued to be stable, inflation was controlled, growth was promoted, and major balances were ensured. All three sectors developed well: (i) Agriculture developed steadily. (ii) Industrial production increased by 5.7% over the same period (same period decreased by 2.9%). (iii) Total retail sales of goods and consumer service revenue increased by 8.1%; international visitors reached over 3 million, up 68.7%.
Total import-export turnover in 2 months increased by 18.6%, of which export increased by 19.2% (domestic sector increased by 33.3%, much higher than FDI sector (14.7%); import increased by 18%; trade surplus of 4.72 billion USD.
State budget revenue in the first two months is estimated to reach 23.5% of the yearly estimate, up 10.4%. Energy and food security are ensured (rice export in the first two months reached 912,000 tons, turnover of 639 million USD); balance of labor supply and demand is ensured.
Development investment continued to achieve positive results . Disbursement of public investment capital in the first two months reached 9.13% of the plan, higher than the same period (6.97%). FDI attraction reached 4.29 billion USD, up 38.6%; realized FDI capital reached 2.8 billion USD, up 9.8% over the same period, demonstrating increased confidence of investors in the country's socio-economic development.
Business development continues to increase . In the first two months of the year, over 22,100 new businesses were established, up 12.4%, and 19,000 businesses resumed operations, up 4.4%; bringing the total number of businesses entering the market to over 41,000, up 8.5% over the same period.
Cultural and social fields are focused on; social security is ensured; people's lives are improved. In February, 94.2% of households were assessed to have stable income or higher than the same period in 2023 (93.9%).
Many international organizations and experts continue to highly appreciate the results of Vietnam's economic management and prospects , with the IMF predicting that Vietnam will be among the 20 fastest growing economies in the world.
In addition to affirming the achieved results, the Prime Minister also pointed out the limitations, shortcomings, difficulties and challenges, of which the following are prominent: (1) Pressure on macroeconomic management and direction is still high; (2) The production and business situation in some areas still faces many difficulties; (3) Difficulties and obstacles in the real estate market are gradually being resolved but still slowly; (4) Bad debt tends to increase; lending interest rates have decreased but are still high; (5) Social security, order and safety are basically guaranteed, but in some areas, there are still complicated developments...
Faced with that situation, Prime Minister Pham Minh Chinh directed a number of key tasks and solutions: Consistently implementing the priority goal of growth associated with macroeconomic stability, controlling inflation, and ensuring major balances of the economy.
Continue to renew traditional growth drivers and promote new growth drivers. Specifically: (1) Regarding investment, facilitate the attraction and disbursement of social investment; resolutely handle obstacles, actively support the acceleration of investment project implementation; strengthen the promotion and attraction of FDI projects. (2) Regarding export, consolidate traditional markets, expand new markets; effectively implement FTAs. (3) Regarding consumption, promote promotions and discounts, carry out the campaign "Vietnamese people prioritize using Vietnamese goods"; have strong solutions to attract domestic and international tourists. At the same time, strongly promote new growth drivers.
Promote disbursement of public investment capital, 03 National Target Programs; speed up planning approval.
Focus on perfecting mechanisms, policies, laws, reforming administrative procedures, removing difficulties for production and business. Resolutely cutting and simplifying administrative procedures and business conditions. Focus on implementing Project 06.
Focus on cultural, social and environmental fields; ensure social security and people's lives. Proactively review and grasp people's living conditions, provide timely rice support during the lean season. Prepare to implement the new salary regime from July 1.
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