At the Government’s regular press conference on November 8, Minister-Chairman of the Government Office Tran Van Son shared that the macroeconomy remains stable; inflation is under control; growth is being promoted; and the major balances of the economy are ensured, with the average consumer price index (CPI) in the first 10 months rising 3.27%.

In the period, the country's total import-export turnover reached over US$762.4 billion, up 17.4% year on year, with a trade surplus of nearly US$19.6 billion. The agricultural sector remained stable despite storms and floods in many localities; industrial production increased by 9.2%; and total retail sales of goods and revenue from consumer services grew by 9.3%.

In addition, public investment disbursement reached VND491 trillion (US$18.6 billion), achieving 54.4% of the plan. Total registered FDI capital increased by 15.6% year-on-year, while disbursed FDI capital rose by 8.8%.

Enterprise development continued to show positive momentum, with 266,000 new and reactivated businesses registered in the 10-month period, an increase of 26.5%. The Purchasing Managers’ Index (PMI) for October rose to 54.5. In addition, the two-tier local administration system generally operated smoothly, and administrative procedure reforms were actively promoted.

Regarding the local socio-economic situation, the official shared that many localities achieved high growth rates. Sixteen localities recorded GRDP growth of 8% or higher in the first nine months, including six with growth exceeding 10%, namely Quang Ninh, Hai Phong, Ninh Binh, Phu Tho, Quang Ngai, and Bac Ninh.

He also shared that, while addressing the Government’s regular meeting earlier the same day, Prime Minister Pham Minh Chinh emphasised that in the coming period, it is necessary to closely monitor the situation, respond with proactive, timely, flexible, and effective policies; resolutely avoid retreating or being pessimistic in the face of difficulties; not be complacent in favourable conditions; and remain steadfast in pursuing set objectives.

The Government leader also stressed the importance of maintaining macro-economic stability, controlling inflation, and ensuring the major balances of the economy to create a solid foundation for rapid and sustainable growth; and at the same time, implement a proactive, flexible, timely, and effective monetary policy, closely and synchronously coordinated with an expansionary fiscal policy and other relevant policies, Son added.

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