Gov't reviews socio-economic performance in January-August

Participants to the meeting include Deputy Prime Ministers Nguyen Hoa Binh, Le Thanh Long, Ho Duc Phoc and Bui Thanh Son, Vice President Vo Thi Anh Xuan and ministers and heads of ministerial-level agencies.

Specifically, the Government will scrutinize socio-economic situation in August and the first eight months of the year, the implementation of three national target programs, the disbursement of public investment, the implementation of the socio-economic development plan for 2024 and the he socio-economic development plan estimates for 2025.

The Cabinet members will also evaluatethe implementation of the public investment plan for 2024 and public investment plan estimates for 2025 and the handling of some bottlenecks for the infrastructure investment project of Phu Vinh Industrial Park and Hoanh Son Industrial Park in Vung Ang Economic Zone in the central province of Ha Tinh.

In his opening remarks, Prime Minister Pham urged ministries and localities to place themselves on high determination in response to the superstorm Yagi, and quickly focus on handle the consequences of the storm.

Viet Nam's socio-economic performances in August and over the last eight months of the year continue to show positive signs, noted the Prime Minister.

The nation's total trade turnover with the rest of the world was estimated at over US$511 billion in January-August, a year-on-year increase of 16.7 percent.

Of the figure, export value grew by 15.8 percent to US$265.09 billion and import volume increased by 17.7 percent to US$246.02 billion from the same period last year.

As of August 31, Viet Nam attracted US$20.52 billion in foreign direct investment, a year-on-year increase of 7 percent.

Specifically, Viet Nam licensed 2,247 new projects with total registered capital of over US$12 billion, up 8.5 percent in the number of projects and up 27 percent in terms of investment capital.

The FIA also said the amount of FDI disbursement increased by 8 percent year-on-year to US$14.15 billion in the reviewed period.

The index of industrial production (IIP) increased by 8.6 percent in the first eight months of 2024. In August, IIP saw a month-on-month increase of 2 percent and a year-on-year growth of 9.5 percent.

Over the first eight months of 2024, the country received a total of more than 11.4 million foreign tourists, a 45.8 per cent rise from the previous year and a one per cent increase compared to the same period in 2019, before the COVID-19 pandemic./.