Government reviews socio-economic performance in July
VOV.VN - The government held a regular monthly meeting for July in Hanoi on August 5 to review national socio-economic performance in July and outline orientations for August and beyond, with Prime Minister Pham Minh Chinh in the chair.
In his opening remarks, Chinh pointed out major global factors such as low growth, weak consumer demand, rising trade protection barriers, high inflation, tight monetary policy, food security risks and natural disasters that still have lingering effects on the national economy.
At home, he said difficulties and challenges outpace opportunities, when the national economy is under dual impact, having to withstand both inside and outside pressures. Many weaknesses of the economy as evidenced in the inefficient operation of the corporate bond or real estate markets have existed for years and not duly been addressed.
Given such context, Vietnam basically achieved the overall goals set out in July and the first seven months of the year, with the results being better month on month and quarter on quarter, noted the PM.
However, there remain shortcomings, difficulties and obstacles in various fields, he said, referring to global and domestic situations. He asked Government members to make an in-depth analysis of internal and external factors to better the performance in August and beyond.
The General Statistics Office said in its July update that the national economy is on track to gather full steam. During the first seven months of the year, Vietnam enjoyed a trade surplus of US$15.23 billion, or 11 times more than the corresponding period last year. The economy attracted US$16.24 billion in foreign direct investment, representing a rise of 4.5% year on year.
