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Cabinet discusses socio-economic performance in January

VGP - The Government convened its first regular monthly meeting for 2023 in Ha Noi on Thursday under the chair of Prime Minister Pham Minh Chinh.

February 02, 2023 9:54 AM GMT+7
Government convenes January meeting - Ảnh 1.

Prime Minister Pham Minh Chinh presides over Cabinet's first regular monthly meeting for 2023 in Ha Noi, Feburary 2, 2023 - Photo: VGP/Nhat Bac

The meeting, which is also attended by leaders of 63 localities nationwide via virtual format, will review the country's socio-economic situation in January, the implementation of the socio-economic recovery and development program, and the disbursement of public investment capital.

The Cabinet will also discuss the realization of three national target programs on socio-economic development in ethnic minority and mountainous areas, new-styled rural area construction, and sustainable poverty reduction. 

The General Statistics Office (GSO) reported that Viet Nam attracted US$1.69 billion in foreign direct investment (FDI)  capital in January, down 19.8 percent against the same period last year.

In the month, local authorities granted licenses to 153 new FDI projects worth US$1.2 billion, up 48.5percent in number and 3.1 times in value.

In addition, 89 FDI projects increased their investment capital by US$306.3 million, down 75.9 percent. 

The total volume of share purchases by foreign investors reached US$1.69 billion in the reviewed month, down 19.8 percent.

Meanwhile, the realized capital of the FDI projects fell by 16.3 percent to US$1.35 billion.

Meanwhile, total import-export turnover reached US$46.56 billion, reported the GSO, adding that Viet Nam enjoyed a trade surplus of US$3.6 billion in the first month of 2023.

The above figure includes US$25.08 billion in export turnover, a drop of 13.6 percent in comparison with the previous month while import value decreased by 21.3 percent to US$21.48 billion compared to the previous month.

There were 10,800 newly-registered enterprises with total registered capital of VND99.1 trillion (US$4.22 million) in January 2023, data from the Business Registration Management Agency under the Ministry of Planning and Investment showed.

As many as 4,500 businesses increased their capital by VND279 trillion, while 15,100 enterprises resumed operations.

Viet Nam's total retail sales of goods and services in January was estimated at VND544.8 trillion (US$23.22 billion), up 5.2 percent from the previous month and 20 percent as compared with the same period last year.