Hanoi (VNA) – Prime Minister Pham Minh Chinh presided over the Government’s October regular meeting on November 9 to review and assess the socio-economic situation in October and the first 10 months, as well as set orientations and tasks for the remaining months of this year.

In his opening remarks, Chinh said that last month, the Government focused on directing ministries, sectors and localities to implement conclusions of the Party Central Committee’s 10th session; address the consequences of storms and floods, especially Typhoon Yagi; and prepare for the National Assembly’s eighth session, and handle projects with poor performance.

It also took solutions to control inflation, stabilise the macro-economy, promote growth, and ensure major balances of the economy; and reviewed the implementation of the 2024 and 5-year goals. Assessing the socio-economic situation of this month is better than that of last month, this quarter is better than the previous quarter, and this year is better than last year, the Government leader asked participants to focus on discussing and clarifying the achieved results, limitations, difficulties and challenges; analysing the causes and lessons learned from direction and management; forecasting the situation, including the impact of the US election results; and proposing mechanisms, policies and solutions for the coming time.

The Prime Minister asked for continued proactive and prompt response to policies, and governance scenarios for all situations. He emphasised the tasks and solutions that are needed to complete all goals for 2024, especially the GDP growth target, noting that if the GDP growth reaches around 7.5% in the fourth quarter, the whole year’s figure will surpass 7%, nearly doubling the averages of ASEAN and the world.

Chinh also highlighted the necessity for breakthrough mechanisms, policies, and solutions to promote science and technology, and innovation, renew old growth drivers, and promote new ones.

Stressing the importance of solutions to stimulate domestic consumption, he requested relevant agencies to study and propose tax-related measures to submit to the legislative body.

♌ The leader also urged a review of the work serving the 15th NA’s eighth session, including the preparation of documents regarding the investment policy for the North-South high-speed railway project; and the organisation of upcoming major holidays, especially the 80th founding anniversary of the Vietnam People's Army at the end of 2024, as well as big events in 2025./.