Government requests market liquidity and stock market stability ensured

VCN - In 2023, the Government requests to boost economic growth to ensure major balances, especially focusing on stabilizing the financial-monetary market.
Restore confidence, ensuring healthy development of stock market Restore confidence, ensuring healthy development of stock market
Commentary on stock market in the last month of the year Commentary on stock market in the last month of the year
VN’s stock market sees volatility amid world’s less positive outlook VN’s stock market sees volatility amid world’s less positive outlook
Government requests market liquidity and stock market stability ensured
Minister, Chairman of the Government Office Tran Van Son speaks at the press conference. Photo: H.D

On the afternoon of January 3, the Minister, Chairman of the Government Office Tran Van Son, the Government Office spokesman, held a press conference to announce the social-economic situation in December and the whole year 2022.

The press conference took place after the Government's National Online Conference with localities and the Regular Government Meeting held on the same day under the chairmanship of Prime Minister Pham Minh Chinh.

Minister, Chairman of the Government Office Tran Van Son said that motivated by the agreement of the leaders of the Government, ministries, sectors, localities and delegates and the participation of the whole political system, the coordination and support of the people, the business community and international partners, the country's economy in 2022 see positive recovery and high growth, achieving important and comprehensive results.

GDP growth reached 8.02%, exceeding the target and achieving the highest result, increasing the size of the economy to US$ 409 billion. 59/63 localities achieved a growth of 6.5% or more. The macro economy saw stability, and inflation was under control. The average consumer price index (CPI) for the whole year increased by 3.15%, lower than the target set by the National Assembly. The State revenue increased by VND 392 trillion, exceeding 27.8% of the estimate. The import-export turnover rose by 9.5% to VND372.5%. The trade surplus reached US$ 11.2%.

The Minister also said that the delegates pointed out the difficulties, challenges and shortcomings that need to be addressed and handled effectively in 2023 and the next period.

The internal and external inflation pressure remains high; the disbursement of public investment capital and the implementation of policies is still slow. The markets of stock, corporate bonds, and real estate still show potential risks. The production and business activities of some industries face difficulties. The overcoming of the shortage of petroleum products by some ministries and sectors is still slow.

Therefore, Minister Tran Van Son said that at the conference, General Secretary Nguyen Phu Trong requested the Government and local governments to accomplish tasks and achieve more in 2023.

In 2023, the Government will direct ministries and localities to make the best efforts and determination to implement the socio-economic development plan.

The Prime Minister asked ministers, leaders of sectors and local governments to promote their roles and responsibilities and follow directions of the Central Government, the Politburo and key leaders to concretize the performance plans of each level, sector and agency; enhance forecasting capacity and grasp the situation; initiatively and flexibly direct and quickly respond policies.

In 2030, Minister Tran Van Son said the Government requires to effectively provide solutions for economic stability, inflation control and growth promotion, ensure major balances, especially focusing on stabilizing the financial-monetary market, the stock market, corporate bonds, and real estate, ensuring the liquidity of the economy and the banking system.

The Government also asks to implement monetary policies effectively and flexibly and follow with the implementation of the expanded fiscal policies and other policies. Promote production and business, support enterprises, expedite arrangement innovation, and improve the efficiency of state-owned enterprises and develop the private economy.

At the press conference, Lieutenant General To An Xo, Head of the Ministry of Public Security Office, provided some information about the Viet A Company case and the "rescue flight" related to the Consular Department, the Ministry of Foreign Affairs.

Accordingly, Lieutenant General To An Xo said the agency will strive to finish the investigation in the first quarter of 2023. As a result, 29 cases with 102 defendants related to the Viet A company and 39 defendants related to the "rescue flight" case have been prosecuted. The defendants of the Viet A case and the "rescue flight" case have paid VND1,670 billion and VND80 billion, respectively.

By Huong Diu/Ngoc Loan

Related News

Perfecting the legal framework to promote upgrading the stock market

Perfecting the legal framework to promote upgrading the stock market

VCN - After receiving comments from affected subjects including organizations, individuals, and market members, the State Securities Commission has just completed a draft circular amending 4 circulars regulating: stock trading on the stock exchange system; clearing and settlement of stock exchanges; operations of securities companies and information disclosure on the stock market.
Margin loan continues hit new record

Margin loan continues hit new record

VCN - The need to use leverage in the stock market is still very high, shown by the level of outstanding loans at securities companies continuing to increase sharply in the second quarter of 2024.
Promote  information transparency to increase large-scale investors in  stock market

Promote information transparency to increase large-scale investors in stock market

VCN - Deputy Minister of Finance Nguyen Duc Chi talked with Customs News about the goal of upgrading Vietnam's stock market and solutions to achieve this goal by 2025.
Do not "put all your eggs in one basket" as several investment channels appear promising

Do not "put all your eggs in one basket" as several investment channels appear promising

VCN - In recommending investment channels, Dr. Can Van Luc, Chief Economist at BIDV and a member of the National Financial and Monetary Policy Advisory Council, emphasized an unchangeable principle for investors: the necessity to diversify their investment portfolios.

Latest News

Vietnam needs comprehensive regulatory framework to attract green financing

Vietnam needs comprehensive regulatory framework to attract green financing

Vietnam needs a clear regulatory framework and solutions to promote the green finance market and encourage private capital flows into green fields, experts have said.
2025 budget estimation must be practical, accurate and efficient

2025 budget estimation must be practical, accurate and efficient

VCN - Directing the 2025 state budget estimation, Minister of Finance Ho Duc Phoc emphasized that units must ensure that the 2025 budget estimation must be practical, accurate, efficient, and meet the requirements for performing professional and political tasks assigned to central and local agencies.
The corporate bond market will be more vibrant in the second half of the year

The corporate bond market will be more vibrant in the second half of the year

VCN - In the first half of 2024, with bond maturity pressure continuing to increase, corporate bond issuance has shown many positive signs compared to the previous year. According to forecasts, businesses' need to borrow and issue corporate bonds will accelerate in the second half of 2024.
Prioritize resources and promptly supplement capital for policy credit

Prioritize resources and promptly supplement capital for policy credit

VCN- In the near future, to further promote the effectiveness of policy credit, the Ministry of Finance will continue to preside over and coordinate with relevant ministries, branches and the Vietnam Bank for Social Policies (VBSP) to implement many key solutions.

More News

Measures suggested to boost startups’ access to capital

Measures suggested to boost startups’ access to capital

The recent vigorous growth of startups in Vietnam has attracted domestic and foreign investors, but insiders recommended more efforts be made to facilitate startups’ access to funding from investors so that they can live up to potential.
Inflationary pressure seen from monetary policy

Inflationary pressure seen from monetary policy

VCN - The economy went through the first half of the year, inflation is still under control and forecast to reach the target set by the National Assembly and the Government. However, variables from the currency market such as exchange rates, interest rates, credit..., even gold prices, are issues that need to be paid attention.
Banks with the problem of promoting credit growth

Banks with the problem of promoting credit growth

VCN - It is estimated that by the end of June 2024, the economy's credit growth will reach nearly 4.5%. This number is still far from the yearly credit growth target of 14-15%.
Proposal to increase Special Consumption Tax on tobacco products

Proposal to increase Special Consumption Tax on tobacco products

VCN - At the workshop Special Consumption Tax on cigarettes held by Vietnam Tax Consulting Association and the Institute of Financial Strategy and Policy on July 16, experts and businesses clarified the goals and content of amended the special consumption tax policy on tobacco products. According to experts, there cannot be a solution that fully ensures the benefits of both consumers, the state and businesses, but it is necessary to choose the most optimal option to achieve the initially set goals.
Savings of individual customers at banks hit record high

Savings of individual customers at banks hit record high

In spite of low interest rates, figures from the State Bank of Vietnam (SBV) released this week show deposits of individual customers increased by more than VNĐ39.7 trillion in April, to reach more than VNĐ6.7 quadrillion.
Managing fiscal policy has achieved many positive and comprehensive results

Managing fiscal policy has achieved many positive and comprehensive results

VCN - On July 15, the Ministry of Finance held an online conference to summarize state budget financial work in the first 6 months of the year, implementing tasks in the last 6 months of 2024. Minister of Finance Ho Duc Phoc attended and directed the conference. Also attending the Conference were Deputy Ministers of Finance, leaders of units under the Ministry of Finance.
Determine tools, policy for inflation control

Determine tools, policy for inflation control

VCN - According to economic expert Associate Professor, PhD. Ngo Tri Long (photo), former Director of the Price Market Research Institute (Ministry of Finance), inflation is an issue that needs special attention, especially related to the management of monetary policy, interest rates, increasing prices of goods and services...
The impact of wage increases on inflation will not be too significant

The impact of wage increases on inflation will not be too significant

VCN - Addressing concerns related to wage and price increases, Dr. Nguyen Duc Do, Vice Director of the Institute of Economics - Finance (Finance Academy), believes there are not many factors causing sudden price surges in the last 6 months of 2024. Therefore, it can be expected that the rate of price increases in the last 6 months will be comparable to that in the first 6 months of 2024.
Imposing and raising special consumption tax contributing to change consumption behavior

Imposing and raising special consumption tax contributing to change consumption behavior

VCN - At the Workshop on Comments on Completing the Revised Law on Special Consumption Tax (SCT) organized by the Vietnam Confederation of Commerce and Industry (VCCI) on July 11, many experts and businesses contributed their opinions to clarify the importance and impact of the revised special consumption tax law, which emphasizes the addition of taxable areas or tax increases to change society's consumption behavior.
Read More

Your care

Latest Most read
Perfecting the legal framework to promote upgrading the stock market

Perfecting the legal framework to promote upgrading the stock market

State Securities Commission has completed a draft circular amending 4 circulars regulating: stock trading on the system; clearing and settlement; operations of securities companies and information disclosure.
Margin loan continues hit new record

Margin loan continues hit new record

The need to use leverage in the stock market is still very high, shown by the level of outstanding loans at securities companies continuing to increase sharply in the second quarter of 2024.
Vietnam needs comprehensive regulatory framework to attract green financing

Vietnam needs comprehensive regulatory framework to attract green financing

Vietnam needs a clear regulatory framework and solutions to promote the green finance market and encourage private capital flows into green fields, experts have said.
2025 budget estimation must be practical, accurate and efficient

2025 budget estimation must be practical, accurate and efficient

VCN - Directing the 2025 state budget estimation, Minister of Finance Ho Duc Phoc emphasized that units must ensure that the 2025 budget estimation must be practical, accurate, efficient, and meet the requirements for performing professional and political
The corporate bond market will be more vibrant in the second half of the year

The corporate bond market will be more vibrant in the second half of the year

VCN - In the first half of 2024, with bond maturity pressure continuing to increase, corporate bond issuance has shown many positive signs compared to the previous year. According to forecasts, businesses' need to borrow and issue corporate bonds will acc
Mobile Version