PM presides over Government's regular meeting
Prime Minister Pham Minh Chinh on May 4 chaired the Government's regular meeting to review the socio-economic situation in April and the first four months of 2024, public investment allocation and disbursement, and the implementation of the three national target programmes.
PM presides over Government's regular meeting

Prime Minister Pham Minh Chinh chairs the Government's regular meeting. (Photo: NDO)

PM Chinh required Government members to focus on discussing the socio-economic development situation in the past months as well as main tasks for May and the coming time.

It is necessary to clarify achievements gained in all fields and find out shortcomings, weaknesses, and difficulties facing ministries, sectors, localities, businesses, and people, he stressed.

They were also required to discuss tasks of preparing for the upcoming meeting of the Party Central Committee and the seventh plenary sitting of the 15th National Assembly, and responding to emerging problems such as drought, storms, and floods.

PM Pham Minh Chinh speaks at the meeting. (Photo: NDO)
PM Pham Minh Chinh speaks at the meeting. (Photo: NDO)
 

At the meeting, participants agreed that the socio-economic situation in April continued to change positively and achieved important results. Macro-economy was basically stabilised, inflation controlled, and major balances of the economy guaranteed. The consumer price index (CPI) increased by 0.07% month-on-month rose by 3.93% in the first four months over the same period.

In the period, State budget collection rose 10.1% year-on-year, completing 43.1% of the yearly projection. Import-export revenue was estimated at 238.88 billion USD, up 15.2% year-on-year, with trade surplus reaching 8.4 billion USD. Public investment disbursement reached 17.46% of the yearly plan, 1.81% higher than that in the same period last year.

In the four months, the country attracted nearly 9.3 billion USD in foreign direct investment (FDI) and the FDI disbursement was estimated at 6.3 billion USD, up 4.5% and 7.4% year-on-year respectively. The Index of Industrial Production (IPP) expanded 6% over the same period last year. The nation lured 6.2 million foreign visitors, up 68.3% year-on-year.

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