Prime Minister Nguyen Xuan Phuc directed taking measures to promote the growth of gross domestic product (GDP) during the Government’s March meeting in Hanoi on April 3.
Prime Minister Nguyen Xuan Phuc (middle) (Source:VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc directedtaking measures to promote the growth of gross domestic product (GDP) duringthe Government’s March meeting in Hanoi on April 3.
At the event, the PM hailed positive signals of theeconomy, including macro-economic stability, low increase in consumer productindex (CPI) in the first three months, a 3 percent credit growth, a 12.8percent rise in export to upwards 43 billion USD, foreign tourist arrivals numbering3.2 million, and registered foreign direct investment topping 2.9 billion USD.
During the first quarter, the State budget collectionwas equivalent to 23.4 percent of the estimate, up 13.5 percent annually. Morethan 26,500 new enterprises were established, up 11 percent in number and 45.8percent in capital to 270 trillion VND (11.3 billion USD).
The Nikkei Vietnam Manufacturing Purchasing Managers’Index (PMI) rose to a 22-month high of 54.6 percent, higher than March’s 54.2percent and ASEAN’s average 50.9 percent.
According to the provincial competitiveness indexrecently released by the Vietnam Chamber of Commerce and Industry (VCCI), thedomestic business climate has continued improving with 51 cities and provinces climbingup the ranking.
However, he also pointed out low GDP expansion of 5.1percent in the first quarter, which was attributable to low growth of the industryand construction sectors due to failure to accomplish set plans by oilexploitation and the processing industry.
He said disbursement of public investment was only 12.4percent of the estimate in the first quarter, lower than the 16 percent raterecorded in last year’s same period.
Other concerns include slow equitisation of State-ownedenterprises, divestment, road accidents, fires, deforestation, and child sexabuse.
As the US Federal Reserve plans to hike interest ratesbetween now and the year’s end and 2018 and the new US administration favourstrade protectionism, Vietnam’s exports and inflation are predicted to be hurt.Furthermore, the country is liable for a debt worth additional 4.56 trillionVND (198.2 million USD), he said.
The government leader underscored the need to makethorough and flexible response to trade and monetary policies as well asclosely track the economic restructuring, especially commercial banks, andimprove economic capacity in terms of technology and management.
He also stressed the necessity to speed up the mobilization of investmentcapital in society to spur growth.
Also in the morning, the government listened to thematicreports on the fourth industrial revolution by Minister of Science andTechnology Chu Ngoc Anh, experts and researchers from the Vietnam Software andIT Services Association.
Cabinet members gave their feedback on the NationalAssembly’s draft resolutions regarding notary public offices and adjustment ofemployers’ deposits into unemployment insurance fund.-VNA
The Government will take measures to create momentum for economic development right in the first months of this year, particularly in the context of dropping oil prices, said an official.
Prices of many basic commodities must not be increased this year to prevent a surge in the consumer price index, Prime Minister Nguyen Xuan Phuc has said.
Prime Minister Nguyen Xuan Phuc requested all-out efforts to achieve 6.3-6.5 percent growth this year during a monthly Government meeting in Hanoi on October 3.
The Government’s monthly meeting opened on October 29 morning with focus on measures to create a leap in the last quarter’s economic growth rate and curb this year’s inflation within 5 percent.
Cabinet members have given opinions on verification reports on five draft decrees on the function, right and organisation structure of some ministries and ministry-level agencies at the regular Government meeting on December 29.
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.
Over the past five decades, the Vietnam - Angola relationship has grown steadily, marked by political trust and close bonds between their Parties, States, Governments, and peoples, said Deputy Prime Minister and Foreign Minister Bui Thanh Son.
President Luong Cuong called on the two countries to join hands to promote South – South cooperation, contribute to building a fair and equal global political and economic order, safeguard independence and sovereignty, and promote extensive and substantive international solidarity and cooperation.
President Luong Cuong called on the community to remain united, integrate well into local society, adhere to local laws, and continue contributing to both Angola’s development and Vietnam – Angola relations.
Vietnamese President Luong Cuong and Speaker of the National Assembly (NA) of Angola Carolina Cerqueira agreed to continue strengthening political trust, boost high-level delegation exchanges via all channels, including the parliamentary one, and create favourable legal conditions for bilateral cooperation.
Prime Minister Nguyen Xuan Phuc (middle) (Source:VNA) 
