PM: Vietnam maintains stability amid global uncertainties
Vietnam is staying active and maintaining stability with risk management tools and healthy competition amid global integration, said Prime Minister Pham Minh Chinh.
Prime Minister Pham Minh Chinh speaks at the event (Photo: VNA)
Hanoi (VNA) – Vietnam is staying active and maintaining stability with risk management tools and healthy competition amid global integration, said Prime Minister Pham Minh Chinh.
Chairing a conference in Hanoi on September 12, PM Chinh said amid rapid and uncertain developments in the world, Vietnam has maintained macro-economic stability, controlled inflation and promoted growth. Political stability, social safety and order have been kept while external relations and global integration have been expanded.
In order to keep that momentum, he ordered staying vigilant, closely grasping domestic and international situation, and improving forecasting capacity to manage fiscal and monetary policies flexibly and effectively.
Stabilising macro-economy, controlling inflation, fueling growth and ensuring major balances of the economy are urgent, strategic and also key tasks during the remainder of this year and next years, he said.
The Government leader requested accelerating public investment disbursement, the socio-economic recovery and development programme and three national target programmes.
The Government, ministries, agencies and localities were asked to promptly strengthen the inter-sectoral Steering Committee on macro-economic management, continue stepping up administrative reform, building a streamlined apparatus with effective and efficient operations, developing high-quality human resources, and fighting corruption, negative behaviours and wastefulness.
The PM reiterated the consistent policy of building an independent, self-reliant economy that actively and proactively integrates into the world. Further attention must be paid to socio-cultural development while social welfares guaranteed, national defence-security consolidated to protect national independence and sovereignty.
In the end, he highlighted a need to reach social consensus to fulfil the goals of achieving macro-economic stability, controlling inflation, promoting economic growth and ensuring key balances of the economy.
According to Minister of Planning and Investment Nguyen Chi Dung, Vietnam’s GDP growth hit 6.42% annually in the first half and is expected to surpass the yearly target of 6-6.5%./.
Vietnam exported 22,500 tonnes of rice to the EU for nearly 18 million USD in the first quarter of 2022, roughly a four-fold increase in both volume and value compared to the same period last year thanks to preferential tariffs enjoyed under the EU-Vietnam Free Trade Agreement (EVFTA).
Covid-19 was largely brought under control in the first 5 months of this year and the economic recovery programme was implemented thoroughly around the country, driving socio-economic development in a host of fields. The CPI, meanwhile, rose 2.25 percent year-on-year in the period.
HSBC has raised its forecast for Vietnam’s economic growth this year to 6.9%, from the previous prediction of 6.6%, which is possibly the fastest pace in the region.
Over the last decade, Vietnam has become a top destination for investment in manufacturing thanks to lower labour costs, simpler supply chain integration, better free trade access, and relative political stability, according to an article freshly published by the news site tradefinanceglobal.com.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
Prime Minister Pham Minh Chinh speaks at the event (Photo: VNA) 
