Socio-economic situation becomes increasingly better, PM says
11:55 | 02/10/2020

VGP – Prime Minister Nguyen Xuan Phuc has highlighted many bright spots in the country’s socio-economic picture in September and in the first nine months of 2020, stating that the “dual goal” has been realized in a serious and effective manner.

From left to right: Permanent Deputy Prime Minister Truong Hoa Binh, Prime Minister Nguyen Xuan Phuc, and Deputy Prime Minister, Foreign Minister Pham Binh Minh at the Cabinet meeting, Ha Noi, October 2, 2020. Photo: VGP

Speaking at the Cabinet meeting on October 2, PM Phuc praised ministries, sectors and localities for the successful organization of many important events in the past month, including the 75th anniversary of National Day and the 41st General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA-41).

He highlighted the effective control of the COVID-19 pandemic, which has helped Viet Nam go 30 straight days without new community infections, while appreciating the education and training sector’s successful organization of the national high school graduation exam (phase 2) and praising the impressive results attained by Viet Nam’s Olympiad teams.

The leader stated that the socio-economic situation is getting increasingly better, as evidenced by better growth rate of 2.62% in the third quarter and stronger industrial production recovery, thus creating a good premise for growth in Q4 and the whole year.

He emphasized some bright spots in the January-September period, including a trade surplus of approximately US$17 billion, FDI attraction inflows of more than US$21 billion, stable macro-economy, and low inflation. 

The Cabinet meeting. Photo: VGP

Industrial production in September showed signs of improvement, giving hopes of early recovery and strong growth in the last quarter this year, stressed PM Phuc, adding that attention should continue to be paid to the areas of culture, society, environment, defence, security, foreign affairs, and social security.

Despite the impact of the pandemic, Viet Nam’s Manufacturing Purchasing Managers’ Index (PMI) increased to 52.2 in September, the highest in ASEAN and much higher than 45.7 in August, demonstrating a clear recovery trend of Viet Nam’s economy.

The Government leader asked Cabinet members to discuss and put forward solutions to achieve the best possible results in the last quarter, thus paving the way for 2021 and the following years.

Amidst the complicated developments in the world situation and the impact of the pandemic, he emphasized the spirit of greater self-reliance in developing the country./.

By Vien Nhu

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