At the meeting (photo: VOV)

The Prime Minister said under the leadership of the Communist Party of Vietnam, the State management and the resolute engagement of the government as well as active participation of  the businesses and the community, Vietnam’s macro-economy over the past 3 quarters was stable, inflation controlled, growth promoted, and major balances ensured.

Prime Minister Pham Minh Chinh speaks at the government meeting for September (Photo: VOV)

He said Vietnam has effectively managed public debts, government debts, foreign national debts, budget surplus spending, and social security while people’s life was stable and Vietnam’s international status is growing.

"We have three months to finalize this year's set targets which are very difficult and challenging. Ministries, sectors, and localities need to make stronger efforts to fulfill their tasks and actively and proactively respond to any situation and work out specific solutions. In addition we need to strengthen coordination to better fulfill the assigned tasks."

At the meeting, Minister of Planning and Investment Nguyen Chi Dung said Vietnam’s economy is recovering steadily with overall GDP growing 4.24% in 9 months, making Vietnam among the countries with the highest growth.

The Asian Bank (ADB) forecasts that Vietnam’s economy will recover in the short term. In the 2023 Global Innovation Index (GII), Vietnam ranks 46 among 132 economies, up 2 places compared to 2022.

Concluding the meeting, Prime Minister Pham Minh Chinh stressed the need to harmonize policies, especially fiscal and monetary policies, accelerate disbursement of public investment, and drastically restore socio-economic development.

Chinh urged ministries, sectors and localities to effectively implement national target programs while ensuring energy security, essential goods, and food security, promoting administrative reform and strengthening national transformation.