Vietnamese PM Chairs Government Meeting, Reviews Socio-Economic Progress
Hanoi, The Gulf Observer: Vietnamese Prime Minister Phạm Minh Chính presided over the Government’s routine session on Saturday, meticulously evaluating the socio-economic landscape for April and the initial quartet of months in 2024. The session was dedicated to scrutinizing public investment distribution and disbursement, along with the execution of the three national target programs.
Emphasizing the gravity of the occasion, Prime Minister Chính urged Government members to concentrate on appraising the socio-economic advancements in recent months while delineating primary objectives for May and beyond. He underscored the necessity of delineating accomplishments across all sectors while identifying deficiencies, vulnerabilities, and obstacles encountered by ministries, sectors, localities, businesses, and citizens.
Moreover, the Prime Minister articulated the imperative of addressing preparatory tasks for the imminent meetings of the Party Central Committee and the seventh plenary session of the 15th National Assembly. He underscored the significance of responding effectively to emergent challenges such as droughts, storms, and floods.
Participants concurred during the meeting that April witnessed a continued positive evolution in the socio-economic milieu, yielding noteworthy achievements. The macro-economy exhibited stability, inflation was reined in, and crucial economic equilibriums were preserved. Notably, the Consumer Price Index (CPI) recorded a marginal uptick of 0.07 percent on a monthly basis and surged by 3.93 percent in the initial four months compared to the corresponding period.
During this timeframe, state budget collection burgeoned by 10.1 percent year-on-year, achieving 43.1 percent of the annual projection. Import-export revenues soared to nearly US$239 billion, marking a robust 15.2 percent surge year-on-year, with a trade surplus of $8.4 billion.
Public investment disbursement scaled to 17.46 percent of the annual plan, manifesting a 1.81 percentage point augmentation over the analogous period last year. Foreign Direct Investment (FDI) inflows reached nearly $9.3 billion, with FDI disbursement estimated at $6.3 billion, signifying respective increments of 4.5 percent and 7.4 percent year-on-year.
The Index of Industrial Production (IIP) expanded by 6 percent compared to the preceding year. Furthermore, the nation welcomed 6.2 million foreign visitors, denoting a striking 68.3 percent upsurge year-on-year.
The meeting concluded with a consensus on the imperative of sustaining these positive trends and proactively addressing emerging challenges to fortify the nation’s socio-economic fabric.
