Many long-standing backlog projects have been cleared.

DNVN - The "Report on the assessment of the results of the implementation of the socio- economic development plan and the State budget in 2023" presented by Deputy Prime Minister Le Minh Khai on behalf of the Government at the opening session of the 7th session of the 15th National Assembly on the morning of May 20 emphasized: many backlogged and prolonged projects were focused on and achieved positive results.

The "Report on the assessment of the implementation results of the socio-economic development plan and the State budget in 2023" stated that from the beginning of 2024 until now, the world situation continues to develop in a complicated and unpredictable manner with more difficulties and challenges.

Many major economies, Vietnam's main trade and investment partners, are recovering slowly.

However, the global economic and trade outlook shows more positive signs, creating favorable opportunities for development.

Domestically, economic growth continues to recover, and socio-economic activities are more vibrant. International organizations continue to highly appreciate Vietnam's growth prospects in 2024. The macro economy is basically stable, inflation is under control, and major balances are ensured.

The economy maintained positive growth momentum in all three sectors. Agricultural production grew well, continuing to be a solid pillar of the economy. Industrial production recovered positively, especially the processing and manufacturing industry.

The report presented at the 7th Session said that economic growth continued to recover and socio-economic activities were more vibrant.

Production and supply of electricity and petrol are guaranteed, meeting the needs of production and daily life. Trade and services continue to develop quite well. Transport services are improved, especially railway transport with many innovations.

Tourism continued to recover rapidly with nearly 6.2 million international visitors, up 1.6 times over the same period in 2023 and up 3.9% over the same period in 2019. Development of socio-economic infrastructure was promoted, especially important and key national transport and energy infrastructure projects.

Many outstanding and long-standing issues and projects have been focused on and achieved positive results. In particular, documents and conditions have been prepared to consider and approve the policy of compulsory transfer of weak banks, ensuring system safety.

“The project to restructure the Vietnam Development Bank has been implemented and achieved initial results. Three nitrogen fertilizer factories are restructuring their loans and have initially made profits. Many important electricity and energy projects are actively removing obstacles.

In particular, the Lot B - O Mon gas and electricity project has been approved for investment and signed a contract to buy and sell electricity and gas. Nghi Son oil refinery has restructured its management and operations, optimizing production and business. The Long Phu 1 power project is negotiating and resolving problems to restart soon," the report said.

Regarding the main tasks and solutions in the coming time, the report emphasized that the Government will prioritize promoting growth associated with macroeconomic stability, controlling inflation, ensuring major balances of the economy. Closely, effectively and harmoniously coordinate macroeconomic management policies.

Renewing traditional growth drivers and promoting new growth drivers. Continuing to implement policies on interest rate exemption and reduction, debt deferral and restructuring, and tax, fee, charge and land rent exemption and reduction and extension to remove difficulties for production and business.

Conduct monetary policy proactively, flexibly, promptly and effectively. Coordinate synchronously, harmoniously and closely with a reasonable, focused, key expansionary fiscal policy and other policies.

Along with that, it is necessary to manage exchange rates and interest rates in accordance with the market situation and set goals. Resolutely implement solutions to stabilize the gold market according to regulations. Continue to remove difficulties, create favorable conditions for businesses and people to access credit capital; direct credit to production and business, priority areas and growth drivers.

Resolutely promote the disbursement of public investment capital, use public investment to activate and lead private investment, and strengthen public-private cooperation. Strengthen trade promotion and boost exports to major markets.

Ha Hoai

Source: https://doanhnghiepvn.vn/kinh-te/nhieu-du-an-ton-dong-keo-dai-da-duoc-xu-ly/20240520123629966