Hanoi (VNA) 💃– Prime Minister Pham Minh Chinh chairedthe monthly Government meeting in Hanoi on November 4 to review the socio-economicperformance in October and the first 10 months of this year.

The Ministry of Planning and Investment reported that theconsumer price index in October went up3.6%, and in the first 10 months of this year up 3.2% year on year. Revenue to the State budget in the 10 months reached 86.3% of theannual estimate while the total export-import turnover rose by 5.6% and public investmentdisbursement was equivalent to 56.74% of the plan assigned by the Prime Minister. In October, the index of industrial product rose by 4.1% year onyear. Foreign tourist arrivals hit 1.1 million, bringing the 10-month figure tonearly 10 million, marking a 4.2-fold increase from the same period last year. During January-October, there were over 183,600 new and reactivatedenterprises, up 2.9% annually, and about 18 billion USD in foreign directinvestment were disbursed, up 2.4%. Cabinet members focused their discussions on severalkey issues, including salary reform, disbursement of public investment capital,and the three national target programmes. They also looked into stepping up theprogress of key works, attracting foreign tourists to Vietnam, and stimulatinginnovation and administrative reform, thus creating favourable conditions forcitizens and businesses in production and trade.

For the remaining months of this year, thePM requested activelyand effectively following conclusions reached at the eighth plenum of the PartyCentral Committee, resolutions and conclusions of the Party, National Assemblyand Government, with a focus on 2023 major tasks.

He clearly pointed out the overall objective,which is to continue prioritising economic growth, maintaining macro-economicstability, controlling inflation, and ensuring major balances of the economy.

To strongly step up driving forces of growth,he called for improving the efficiency of State-owned investment capital.Additionally, there should be innovative measures to attract investment from the entire society, with a particular focus on selectively choosing FDI inlarge-scale and hi-tech projects, especially in sectors like manufacturing andprocessing, electronics, semiconductors, and hydrogen.

To boost exports, the PM directed maintainingtraditional markets while actively expanding new markets, particularly majorand promising ones.

☂ Regarding the domestic market, he suggested stimulatingdemand and continuing to spread the"Vietnamese people prioritise Vietnamese products" campaignwhile combating smuggling, trade fraud, and counterfeits while taking strict actionsagainst violations.

Apart from industry, agriculture, tourism and services, heordered developing services with potential and advantages suchas transportation, logistics, education, health care, and banking. The PM also underlined the importance ofexpediting the disbursement of public investment capital, the socio-economicrecovery and development programme, and the three national target programmes. Thetarget is to achieve a disbursement rate of at least 95% of the 2023 capitalplan and complete the approval of planning by the end of this year. Other tasks include activelyrecovering corporate bond and real estate markets, tackling difficulties inproduction and trade, ensuring social well-being services to leave no onebehind, fine-tuning legal regulations in sci-tech market, and striving to meetor exceed the target of welcoming 13 million foreign tourists this year. Ministers and heads of sectors were alsourged to raise their sense of responsibility and focus on performing essentialtasks, thereby contributing to meeting yearly targets./.