THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
Hanoi, August 12, 2021
On the Government’s virtual meeting with provinces on the socio-economic situation in July and 7 months of 2021
Pursuant to the Law on Organization of the Government dated June 19, 2015; the Law amending and supplementing a number of articles of the Law on Organization of the Government and the Law on Organization of Local Governments dated November 22, 2019;
Pursuant to the Government’s Decree No. 138/2016/ND-CP dated October 01, 2016 promulgating the working regulation of the Government;
Based on the discussion of the delegates and the conclusion of the Prime Minister at the Government’s regular virtual meeting with provinces on socio-economic situation in July and 7 months of 2021, held on August 11, 2021,
The Government unanimously assessed that: In July, the COVID-19 pandemic, with the highly transmissible Delta variant which could spread faster, stronger, and more dangerous, broke out in many localities, especially in Ho Chi Minh City and in some southern provinces and cities, seriously affected socio-economic activities and the health and lives of many people. However, with determination, consensus and drastic action of the whole political system, the meticulous direction of the Government, all levels, branches, and localities, as well as the efforts of the business community and people nationwide under the leadership of the Party, important socio-economic development and achievements were recorded in the country.
Macroeconomic situation was basically stable. Inflation was kept under control. The 7-month average consumer price index (CPI) increased by 1.64% over the same period in 2020. Major balances of the economy were secured. State budget revenue attained 68% of the year estimate, up 15.6%. Money and foreign exchange markets were relatively stable, deposit and lending interest rates continued to decline, credit growth recovered positively. Financial services and cashless payments were promoted. Digital transformation and application of information technology, especially in service of epidemic prevention and control, were promoted. The Index of Industrial Production (IIP) in 7 months increased by 7.9%, of which that of the processing and manufacturing industry grew by 9.9%. In principle, agricultural production experienced favorable conditions; food security was guaranteed. Total import-export turnover in 7 months reached over US$373 billion, up 30.2%. Total export turnover reached over US$185 billion, up 25.5%. Foreign direct investment (FDI) in 7 months reached US$16.72 billion. Realized FDI capital reached US$10.5 billion, up 3.8%. Viet Nam continued to receive positive review by international organizations for its economic resilience, competitiveness, and attractiveness in the business investment environment.
The fields of culture, society and environment received due direction by all levels and sectors. Special attention was paid to ensuring social security and people's life. Many practical activities were organized to commemorate the merits of heroes and martyrs, to show gratitude to wounded soldiers, sick soldiers, and people with meritorious services to the revolution on Invalids and Martyrs' Day. Decree No. 75/2021/ND-CP dated July 24, 2021 was issued to stipulate the level of allowances, financial support, and preferential regimes for people with meritorious services to the revolution. Issues, which had lasted for many years, on the regime for experts working in Laos were resolved by the Construction Board 64, Ministry of Transport. The high school graduation examination was organized in a strict and safe manner, with good quality and ensuring to complete the 2020-2021 school year's task plan. Continued efforts were made to promote the institutional and regulatory development and improvement, particularly regulations to remove difficulties for production and business, create favorable conditions for people and businesses. National defense, security, social order, and safety were maintained. Foreign affairs and international integration, especially vaccine diplomacy, were strongly and effectively implemented.
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