Prime Minister Pham Minh Chinh said that the growth of the whole year is estimated at over 7%; The macroeconomy continued to be stable, inflation was controlled below 4%, major balances were ensured and there was a high surplus.
In less than 1 month to close 2024, the Government, ministries, sectors and localities are urgently accelerating in the final "race" to complete and exceed the set targets.
Prime Minister Pham Minh Chinh affirmed that thanks to the drastic participation of the whole political system, the business community and the people, the socio-economic situation continues the positive recovery trend, the next month is better than the previous month, the next quarter growth is higher than the previous quarter.
The socio-economic situation in 11 months achieved many important results, better than the same period last year in most fields. It is expected that 15/15 main targets will meet and exceed the plan; the growth of the whole year is estimated at over 7%.
Conveying the topic "Socio-economic report in 2024, solutions to accelerate socio-economic development in 2025" at the National Conference to thoroughly grasp and summarize the implementation of Resolution No. 18-NQ/TW of the 12th Party Central Committee; the socio-economic situation in 2024, solutions to accelerate and develop socio-economic development in 2025 and remove recent bottlenecks and institutional bottlenecks, Prime Minister Pham Minh Chinh said that the growth of the whole year is estimated at over 7% (belonging to the few countries with high growth rates in the region and the world); The macroeconomy continued to be stable, inflation was controlled below 4%, major balances were ensured and there was a high surplus.
Particularly for food, in 11 months, rice exports reached over 8.5 million tons, turnover of over 5.3 billion USD, up 10.6% and 22.4% respectively over the same period last year. The value of Vietnam's national brand in 2024 will reach 507 billion USD, ranking 32/193, up 1 place compared to 2023.
By the end of November, the total import and export turnover was estimated at about 715 billion USD, up 15.3%, with a trade surplus of over 23 billion USD; estimated for the whole year to reach 807.7 billion USD, the highest ever. State budget revenue for the whole year is estimated to exceed 10% of the estimate (state budget revenue in 11 months is equal to 106.7% of the estimate and increased by 16.4% over the same period last year); the state budget deficit, public debt, government debt, and national foreign debt are well controlled, lower than the permissible limit.
Along with that, development investment has achieved positive results. Public investment with focus, focus and efficiency has been improved. Many important and large-scale transport projects have been invested and upgraded, ensuring connections between major economic centers, regions in the country and international trade.
In addition, attracting foreign direct investment (FDI) is a bright spot and is in the group of 15 developing countries attracting the largest FDI in the world; in 11 months, FDI attraction reached 31 billion USD, realized FDI reached 20.4 billion USD, up 7%, the highest in many years.
Business development continues the positive trend. In general, economic groups and state-owned corporations operate effectively in production and business, promoting their core, key and leading roles in many important economic fields and sectors and are capable of regional and international competitiveness.
In particular, the structure of the economy has shifted positively; the digital economy and the green economy play an increasingly important role. The main sectors are growing. The agriculture, forestry and fishery sector increased considerably. The industry has recovered positively, is an important driving force, leading growth. Good recovery services; e-commerce, non-cash payments, and tourism are thriving.
Prime Minister Pham Minh Chinh also asked all levels, sectors and localities to prioritize promoting growth; focus on renewing traditional growth drivers in terms of investment, consumption, and export, and at the same time promote new growth drivers such as digital economy, green economy, circular economy, knowledge economy, sharing economy, night economy, etc. associated with maintaining macroeconomic stability, controlling inflation, and ensuring major balances of the economy./.
