THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
Hanoi, December 12, 2020
The Government’s regular meeting in November 2020
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;
On the basis of the discussion of the Government’s members and the conclusion of the Prime Minister at the Government’s regular meeting in November 2020 which was held on December 02, 2020,
1. With regard to the implementation of Resolution No. 01/NQ-CP; the socio-economic situation in November and the first 11 months of 2020; and the COVID-19 prevention and control.
The Government unanimously agreed that: Although the Covid-19 pandemic development is still complicated around the world, the socio-economic situation in November 2020 continued to recover with many positive signs. Macroeconomic conditions were stable; CPI continued its downward trend with an average increase of 3.51% in 11 months; the money market was stable, credit index increased, interest rates were low; the stock market had favorable developments, investors' confidence was enhanced. Export and import turnover in 11 months reached USD 489.7 billion, up 3.59% over the same period, of which exports increased by 5.5%, imports in 11 months increased by 1.6%, mainly from import of materials for production, showing that the international supply chain was gradually being reconnected; trade surplus reached a record of USD 20.1 billion. Public investment capital disbursement continued to be strongly improved, reaching 71.4% of the assigned plan assigned; realized foreign direct investment capital was estimated at USD 17.2 billion. Industrial production recovered; the index of industrial production (IIP) in November increased by 9.2% over the same period last year, of which the manufacturing increased by 11.9%. Although agricultural production was affected by natural disasters, storms, floods and epidemics, it still develops stably; agricultural production in areas hit by natural disasters, storms and floods has been gradually restored.
Trade and service activities flourished due to the relative increase in domestic consumption demand; total retail sales of consumer goods and services in November increased by 8.5%, and 2% for 11 months in comparison with the same period last year, the number of newly-established enterprises in November increased by 7.3%, registered capital increased by 72% in comparison with October. The labor market gradually recovered, especially for the broken fields, which were heavily affected by the Covid-19 epidemic. Many practical activities were organized in order to honor and show gratitude to teachers. Social security and healthcare for the people were concerned. The people’s life was stabilized, the number of hungry households decreased by 15.9%. National defense and security were maintained. Foreign relations and international integration achieved many important results such as the successful organization of the 37th ASEAN Summit, the signing of the Regional Comprehensive Partnership Agreement (RCEP), which create more space for economic development and opportunities to access new markets, contributing to enhancing Vietnam's position and reputation in the international arena.
Apart from the above-mentioned achievements, the country still had to cope with many risks and challenges. Covid-19 pandemic development remains complex in the world and continues to significantly affect our economy. Vietnam has confirmed several infection cases in the community. Industrial production continued to grow but remained at a low level. Accommodation, food and travel services have recovered slowly, and the number of enterprises that have to stop their operation was relatively high. Natural disasters, floods, landslides, and epidemics continued to affect production and business activities and people's lives.
For the rest of 2020, in order to remain the socio-economic recovery and development, strive to reach the highest level of targets and tasks of 2020, the Government requires all levels and branches to continue seriously and drastically implementing "dual goals" in the spirit of prioritizing the protection of people's health, not being negligent and subjective; at the same time, drastically and synchronously implement solutions, create a solid premise for the implementation of the socio-economic development plan and the state budget estimate for 2021, in which focus on implementing several key contents as follows:
- Members of the Government, heads of agencies and units shall have specific solutions in order to promptly resolve the shortcomings and limitations of the sectors and fields under their responsibility, especially the issues that had been addressed by voters and the National Assembly at the 10th session of the XIVth National Assembly.
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