PM chairs Gov’t regular meeting

The one-day meeting focuses on the preparation of the eighth plenary session of the 12th Central Committee of the Communist Party of Viet Nam (CPV), the sixth session of the 14th National Assembly, the report on socio-economic development in September and the first nine months of 2018, the implementation of Resolution 01/NQ-CP, initial outcomes of economic restructuring and growth modal renewal in the 2016-2020 period, the supervisory framework on economic restructuring and growth modal in the 2016-2020 period.

The Ministry of Planning and Investment (MoPI) reported that the socio-economic performance in September and the first nine months was optimistic, including a 6.98% GDP growth rate, a nine-month GDP record growth in eight years, controlled CPI, up 0.59% in September against the previous month; a US$ 5.39 billion trade surplus, and over 26 items posting over US$ 1 billion export turnovers and five items with over US$ 10 billion export turnovers. 

Social investment capital posted a year-on-year growth of 10.9%, accounting for 34% of GDP. FDI picked up 6%. 

Nine-month agro-forestry-fishery growth reached a record high in the 2012-2018 period, showing signs of the effective restructuring sector. 

The processing and manufacturing sector set a driving force for economic growth, jumping 12.65%.  

Total retail sale of goods and service grew 11.3%. Tourism attraction hit over 11.6 million, posting a year-on-year surge of 22.9%. 

In the January-September period, over 96,000 enterprises were founded with over VND 963 trillion of capital, up 2.8% in number and 6.7% in value. Meanwhile, nearly 23,000 enterprises resumed operation. 

The MoPI reported that international organizations continued to make positive outlooks on the Vietnamese economy with projected GDP of 6.6-6.9% for 2018./.

By Khanh Phuong