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Prime Minister Pham Minh Chinh chairs Cabinet meeting

VGP - Prime Minister Pham Minh Chinh presides over the Cabinet's meeting on Saturday to review socio-economic performance in the first four months of this year.

May 04, 2024 9:41 AM GMT+7
Prime Minister Pham Minh Chinh chairs Cabinet meeting- Ảnh 1.

Prime Minister Pham Minh Chinh chairs the Cabinet's meeting, Ha Noi, May 4, 2024 - Photo: VGP

The Cabinet also discusses the allocation and disbursement of public investment capital, and the implementation of the three national target programs.

In his opening remarks, the Prime Minister underlined that the national economy has witnessed positive good signs over the last four months with a bright outlook.

He requested cabinet members to make comprehensive assessment and analysis on achievements and remaining problems, pointing out reasons and drawing lessons.

As of April 20, foreign investment inflows into Viet Nam saw an increase of 4.5 percent to nearly US$$9.27 billion, according to the General Statistics Office.

Disbursement of foreign direct investment reached US$6.28 billion in January-April period, up 7.4 per cent year-on-year and marking the strongest growth since 2020.

Regarding outbound investment, Viet Nam invested US$98.3 million in 36 new projects aboard, marking a decline of 29.8 percent year on year.

Viet Nam's trade value with the rest of the world reached US$238.88 billion in the reviewed period, marking a 15.2 percent increase compared to the same period last year.

Of the figure, export turnover hit US$123.64 billion, up 15 percent and import volume soared by 15.4 percent to US$115.24 billion.

Meanwhile, agro-forestry-aquatic product exports hit over US$19 billion, a year-on-year increase of nearly 24 percent.

Foreign arrivals to Viet Nam totaled 6.2 million people, up 68.3 percent from the same period last year and an increase of 3.9 percent compared to the same period in 2019, before the COVID-19 pandemic.

As many as 51,600 new enterprises with total registered capital of nearly US$20 billion were established.

Viet Nam's Manufacturing Purchasing Managers' Index (PMI) bounced back above the 50.0 no change mark in April, posting 50.3 from 49.9 in March, according to Standard & Poor's Global (S&P Global)./.