Prime Minister presides over Cabinet’s regular meeting

The PM pointed out existing limitations, and challenges, such as macro-economic stability facing potential risks, the severe impacts of Typhoon Yagi, which has required many northern localities to focus on recovery; the domestic production and business situation and exports in certain sectors needing continued efforts, and the necessity to solve certain legal, regulatory, and policy inconsistencies.

He noted that the tasks for the remaining months of 2024 are still heavy, given a lot of difficulties and challenges both internationally and domestically. This requires all levels, sectors, and localities, especially their heads, to make greater efforts and take more decisive and effective actions to strive for the comprehensive achievement of the set goals and tasks.

The government leader requested participants in the meeting to focus on discussing and assessing the situation, sharing lessons learned, and proposing tasks and solutions to have a more flexible and timely policy response in the remaining months to achieve the set socio-economic development targets. They include maintaining macro-economic stability, controlling inflation, ensuring major balances, guaranteeing social security, and firmly maintaining independence, sovereignty, political security, and social order and safety.

According to the Ministry of Planning and Investment, since the beginning of this year, the Government has focused on implementing three strategic breakthroughs in terms of institutions, human resources, and infrastructure, with particular emphasis on reviewing and perfecting institutions, laws, mechanisms, and policies.

Attention has also been paid to promoting science and technology, start-up, innovation, and national digital transformation; reducing and simplifying administrative procedures; removing difficulties for production and business; and ensuring social security and the improvement of people’s lives.

As a result, the overall socio-economic situation in September, the third quarter, and the first nine months of 2024 continued to show positive recovery trends, with the performance this month better than the previous one and this quarter higher than the last.

The country's GDP growth increased by 7.4% in the third quarter, and 6.82% in the first nine months of 2024. Macro-economic stability was maintained while inflation was under control, and major balances were ensured./.