Prime Minister chairs regular Government meeting in April

In his opening remarks, Prime Minister Pham Minh Chinh stated that this meeting aimed to assess the socio -economic situation in April and the past four months; assess the key points of direction, administration and leadership; analyze and evaluate the results achieved, what is "going sideways, going down", what are the difficulties and problems? Analyze the objective and subjective causes, especially the causes due to our leadership, direction and administration, especially paying attention to drawing lessons from experience.

The Prime Minister chaired the regular Government meeting in April.

The Prime Minister raised the question, is it possible that the results achieved in recent times are due to our close grasp of the situation and timely and effective policy responses? The Prime Minister also emphasized the lesson of promoting personal responsibility, especially of Ministers, heads of sectors, and members of the Government ; the issue of strengthening supervision and inspection must be implemented "early, from afar, from the grassroots, right from the beginning", not allowing small violations to accumulate into large ones, "wasting time, money, and people". According to the Prime Minister, looking back at many recent incidents, it shows that supervision and inspection work has been ineffective.

The Prime Minister stated that in the coming time, we must closely forecast the situation in May and the second quarter of this year, what is new and sudden. From there, we will propose tasks and solutions that are fundamental, long-term, and also take into account the immediate situation to complete the tasks of 2024 according to Resolution 01/NQ-CP; resolve outstanding and long-standing issues, especially those that have lasted for 2-3 terms, while we have resolved them very quickly. The Prime Minister requested all levels, sectors and localities to implement the spirit of "doing what needs to be done" because time is short, resources are limited, requirements are high, and there is a lot of work. The Prime Minister emphasized the key points of May such as preparing for the Central Conference and the upcoming session of the National Assembly; along with that, resolving sudden and unexpected issues such as drought, storms and floods...

The Prime Minister spoke at the meeting.

Reporting at the meeting, Minister of Planning and Investment Nguyen Chi Dung said that the socio-economic situation in April continued to change positively, generally better than March and the first 3 months of the year; in general, the first 4 months of 2024 achieved better results than the same period in 2023 in most areas. In particular, the economy continued to maintain positive growth momentum in all 3 sectors: agriculture, industry, and services.

Industrial production in April increased by 0.8% compared to March and by 6.3% over the same period; the total for the first four months increased by 6.0%; of which the processing and manufacturing industry increased by 6.3%; some localities with high growth in the processing and manufacturing industry such as Phu Tho province increased by 29.6%; Bac Giang increased by 24.1%; Ha Nam increased by 15.5%; Binh Phuoc increased by 15.2%...

The service sector continued to grow quite strongly; total retail sales of goods and consumer services revenue in April increased by 2% compared to March and by 9% compared to the same period; the total increase in the first four months was 8.5%. The purchasing managers' index (PMI) in April reached 50.3 points, in which the number of new orders increased sharply.

The macro economy is stable, inflation is under control, and major balances are guaranteed. The consumer price index (CPI) in April increased by 0.07% compared to March; the average increase in the first four months was 3.93%.

Interest rates on deposits and loans continued to decrease; exchange rates were managed proactively, flexibly and promptly. Major balances were ensured; in which: Revenue was sufficient for expenditure; Export was sufficient for import; Energy security and food security were ensured, rice export reached over 3.2 million tons, turnover reached 2.08 billion USD, increased by 11.7% and 36.5% respectively compared to the same period); Labor supply and demand balance was ensured.

Exports continued their positive trend, trade surplus increased, contributing to ensuring the balance of payments and stabilizing the exchange rate. In April, total import-export turnover was estimated at 61.20 billion USD, up 15% over the same period. In the first 4 months, total import-export turnover reached 238.9 billion USD, up 15.2%, of which exports increased by 15% (domestic sector increased by 21%, higher than FDI sector increased by 12.9%); imports increased by 15.4%; trade surplus was 8.4 billion USD.

The tourism sector has recovered strongly, increasing beyond the same period before the pandemic; international visitors in April reached nearly 1.6 million arrivals; the total number in the first 4 months reached 6.2 million arrivals, an increase of 68.3% over the same period in 2023.

State budget revenue increased sharply, the financial situation - State budget continued to improve clearly; Development investment continued to achieve positive results, creating momentum to promote economic growth. Disbursement of public investment capital in 4 months reached 17.46% of the plan, higher than the same period (15.65%). FDI attraction reached 9.27 billion USD, up 4.5% over the same period; realized FDI capital reached 6.28 billion USD, up 7.4% over the same period, the highest in recent years.

Government members speak at the meeting.

Business development continues to be positive; Cultural and social fields are focused on; social security is guaranteed; people's lives are improved; Administrative reform is promoted, especially cutting and simplifying administrative procedures; anti-corruption and negativity are promoted, contributing to strengthening people's trust. Politics and society are stable; national defense and security are maintained; social order and safety are ensured; foreign affairs and international integration are promoted; the country's prestige and position are raised.

Many international organizations and experts continue to highly appreciate the results and prospects of Vietnam's economy. ADB forecasts Vietnam's growth rate of 6% in 2024, HSBC Bank forecasts 6.3%; Standard Chartered Bank forecasts 6.7%; Business environment ranking increased by 12 places. Global innovation index ranked 46/132, up 2 places. Happiness index ranked 54, up 11 places compared to 2023.

vov.vn

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