Hanoi (VNA) – The Government’s regular meetingon January 28 reviewed drastic and timely actions taken by the National Assembly, theGovernment and the Prime Minister, which have positively impactedsocio-economic development in the first month of this year, heard a pressconference later on the same day.

Minister-Chairman of the Government Office Tran VanSon told the press conference following the Cabinet meeting that Vietnamcontinued its socio-economic recovery trajectory in the month.

The Government, however, pointed out challenges posedby the COVID-19 pandemic and regional and global uncertainties, which requireministries and agencies to stay vigilant, take prompt actions and make greaterefforts to implement set tasks, solutions, programmes and plans to achieve thehighest growth target and create a foundation and momentum for recovery anddevelopment in 2021-2025, he said.

PM Pham Minh Chinh asked ministries and agencies to quickly returnto work right after the Tet (Lunar New Year) holiday, which lasts from January 31through February 4, and speed up the disbursement of public investments,according to the official.

Son attributed achievements recorded in January to theshift to safely and flexibly adapting to and effectively controlling thepandemic and the acceleration of the vaccine rollout, which have facilitated theresumption of socio-economic activities.

The macro-economy remained stable and inflation edgedup 0.19 percent from December and 1.94 percent year-on-year, he said, addingthat overall inflation increased 0.66 percent year-on-year.

The monetary, credit and foreign exchange markets were stabilised, with good liquidity. As of January 25, capital mobilisation rose by 0.74 percent and credit grew by 1.92 percent compared to the end of 2021. Interbankinterest rate also tended to increase slightly.

As of January 31, the disbursement of State budget capitalin 2022 fulfilled 2.5 percent of the plan assigned by the PM.

Meanwhile, more than 1.61 billion USD worth of foreigndirect investment (FDI) was disbursed, representing a year-on-year increase of6.8 percent. The industrial production index continued to rise in the month, andthe agro-forestry-fishery sector maintained its stability.

The numbers of newly-registered enterprises and those resumingtheir operations also rose by 28.9 percent and 194 percent, respectively,from the same period last year.

This was the highest-ever rise, reflecting the businesscommunity’s confidence in the national economy’s prospects this year, Son said. 

Total import-export turnover in January was estimatedat 58.5 billion USD, up 6.3 percent year-on-year, of which export revenue reached29 billion USD, up 1.6 percent, and import value was some 29.5 billion USD, up11.5 percent.

Competent agencies and localities have worked hard to addresscargo congestion at northern border gates, the official noted./.