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Prime Minister chairs fifth Vietnam Economic Forum

Prime Minister Pham Minh Chinh chaired the plenary session of the fifth Vietnam Economic Forum in Hanoi on December 17.
Prime Minister chairs fifth Vietnam Economic Forum ảnh 1At the event (Photo: VNA)

Hanoi (VNA) – Prime Minister Pham Minh Chinh chaired the plenarysession of the fifth Vietnam Economic Forum in Hanoi on December 17.

The event was heldboth online and in-person formats, with over 1,000 delegates taking part.

Before the plenarysession, four thematic discussions were co-chaired by leaders of ministries andagencies, featuring the topics of creating development space and new economicgrowth drivers, healthy financial and real estate markets for rapid and sustainableeconomic development, removing bottlenecks in public investment and capital forenterprises, ensuring social welfare and employment in combination with 2023economic development.

Speaking at thesession, Chairman of the Party Central Committee’s Economic Commission TranTuan Anh said the event will point out what Vietnam needs to do to maintainmacro-economic stability and ensure major balances of the economy; identify theright opportunities, difficulties and challenges; suggest response policies andguidelines to step up industrialistion and modernisation, and fulfillingnational development goals till 2030 with a vision to 2045 set in theResolution adopted by the 13th National Party Congress and otherresolutions.

Reporting Vietnam’seconomic performance 2022 and orientations to 2023, Minister of Planning andInvestment Nguyen Chi Dung said with COVID-19 under control, Vietnam’sinflation stood at 3.02% in January-November and is below 4% for the whole of thisyear. Industrial production went up 8.6% during the period while the totalretail of goods and services rose by 20.5%. The total number of newly-establishedfirms surged by 33.2% annually to 195,000. The foreign direct investment hit afive-year record to 19.68 billion USD, up 15.1%.

Apart fromachievements in social welfare, anti-corruption, national defence-security,external affairs and global integration, delegates raised concern over inflationpressure due to external uncertainties, low labour productivity, slowdisbursement of public investment capital; risks in securities, corporate bondand real estate markets; high input costs and shortage of materials, amongothers.

ꦦ Dung said next year,Vietnam will encounter difficulties and challenges in meeting development goalsamid fluctuations in the world. Hence, it requires not only the unanimity,efforts and determination of the entire political system, people and businessesto perform tasks but also support from the global community, governments,international organisations, scientists and experts at home and abroad./.

VNA

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