Focusing on export, investment, consumption to boost growth: PM
Prime Minister Pham Minh Chinh on June 3 asked ministries, agencies and localities to push the three engines of export, investment and consumption in order to spur the country's economic growth in the time ahead.
PM Pham Minh Chinh speaks at the meeting. (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham Minh Chinhon June 3 asked ministries, agencies and localities to push the three enginesof export, investment and consumption in order to spur the country's economic growth in the time ahead.
Speaking at an online regular meeting between theGovernment and localities, the leader stressed the need to remove obstacles toproduction and business, and help enterprises in administrative procedures,interest rates and market expansion.
He also urged localities to accelerate the disbursement of publicinvestment capital and the implementation of the socio-economic recovery anddevelopment programme as well as national target programmes, and focus on siteclearance and material preparations for key projects.
Apart from promoting domestic consumption, it is necessaryto expand export markets, the PM said, highlighting other tasks such as effectivelyoptimising free trade agreements, materialising the National Power DevelopmentPlan VIII which has been approved recently, ensuring food for domesticconsumption and exports, having the European Commission (EC)'s “yellow card”warning against Vietnam's seafood exports lifted, and dealing with the shortageof medicines, vaccines and medical equipment, among others.
At the meeting (Photo: VNA)
The move is to maintain the macro-economic stability,control inflation, boost growth and ensure major economic balances, PM Chinhemphasised.
According to the leader, over the past five months,thanks to joint efforts by the Government, ministries, agencies and localities, progresshas been made in production, business, export, foreign direct investment (FDI)attraction and the real estate market.
The socio-cultural and sport fields have also recorded development,he continued, adding that people’s lives have remained stable, social order andsafety and national defence and security have been ensured, and externalaffairs and international integration have been stepped up.
The participating Deputy PMs, and representatives ofministries, agencies and localities shared the view on the drastic, closeinstruction and the flexible, effective management of the Government and the PMover the past time, leading to positive changes in the socio-economic situationdespite a range of difficulties and challenges.
They also pointed to the huge growth pressure in theremaining months of this year, saying the growth rate must be higher than thatrecorded in the previous period.
To that end, they raised proposals regarding theimplementation of big investment and construction projects, credit and taxpolicies, work permit and visa, and wage, among others./.
The Ministry of Labour, Invalids and Social Affairs (MoLISA) has submitted to the Government a plan in which it proposes a 20.8% increase of pensions and social insurance benefits and monthly allowances for those with no salary increase from January 1, 2022.
A seminar on data connecting and sharing serving digital government and governance took place in Hanoi on May 25 as part of the Vietnam - Asia DX Summit 2023.
The State Treasury raised 162,952 billion VND (nearly 6.94 billion USD) worth of Government bonds via auctions on the Hanoi Stock Exchange (HNX) in the first five months of 2023, up 188.4% year-on-year.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
The ASEAN flag-hoisting ceremony is observed by the 10 ASEAN member countries on August 8 every year, aiming to spread and promote the ASEAN identity and affirm the determination to unite and cooperate for the common aspiration of long-term peace and prosperity of Southeast Asian countries under the common roof of the ASEAN Community.
Vice Chairman of the municipal People’s Committee Nguyen Manh Cuong highlighted ASEAN’s nearly six decades of development, during which the region transformed from division to harmony, from confrontation to cooperation, and from poverty to dynamic growth, becoming a global bright spot for regional cooperation.
Thirty years ago, on July 28, 1995, Vietnam’s accession to ASEAN marked a historic strategic decision, opening a new chapter in the country’s integration process and beginning its strong rise.
Ambassador Vu Le Thai Hoang has outlined specific priorities and proposals for cooperation with the UNODA in preparation for the upcoming 11th Review Conference of the Non-Proliferation of Nuclear Weapons (NPT).
The Vietnamese Party leader's visit is therefore expected to mark a new stage in the development of the Comprehensive Strategic Partnership between the two countries, with a focus on such areas as digital transformation, supply chains, semiconductors, clean energy, and maritime security, Choe assessed.
At their meeting, which took place in the Angolan capital of Luanda on August 7 as part of State President Luong Cuong’s ongoing state visit to the African nation, the two officials also agreed to make full use of existing cooperation mechanisms, particularly the Vietnam – Angola Intergovernmental Committee, and step up exchanges of delegations at all levels.
President Luong Cuong's talks with his Angolan counterrpart João Manuel Gonçalves Lourenço, Vietnamese leader's receptions for a delegation from the Japan – Vietnam Parliamentary Friendship Alliance, and the Government's regular meeting for July are among news highlights on August 7 evening.
PM Pham Minh Chinh speaks at the meeting. (Photo: VNA) 
At the meeting (Photo: VNA) 
