On August 4, Prime Minister Pham Minh Chinh chaired a meeting of the Government’s Standing Committee on socio-economic issues in preparation for the upcoming regular Government meeting for July 2025.
Prime Minister Pham Minh Chinh chairs the meeting of the Standing Committee on socio-economic issues – Photo: VGP/Nhat Bac
|
At the meeting, the Standing Committee and delegates offered opinions on reports and proposals regarding socio-economic issues, allocation and disbursement of public investment capital, and implementation of national target programs in July and the first seven months of 2025.
According to the reports and discussions at the meeting, the world continued to face numerous challenges and new developments in July.
Domestically, the Prime Minister has directed ministries, sectors, and localities to focus on implementing tasks, concretizing resolutions, conclusions, and directives of the Central Party Committee, the Politburo, the Secretariat, and laws and resolutions of the National Assembly; achieving three strategic breakthroughs and four key resolutions; promoting new growth drivers; addressing legal obstacles; and resolving issues promptly that arise during the initial phase of the two-tier local government operation to ensure smoothness, continuity, and effectiveness.
The Prime Minister chaired an online conference with localities, setting the 2025 growth target at 8.3-8.5% and assigning specific growth targets to each ministry, sector, locality, and state-owned enterprise.
As a result, the socio-economic situation maintained its positive trajectory, with each month showing improvement over the last, achieving important results and bright spots that have been recognized and highly appreciated by the international community, people, and businesses. This lays a solid foundation for striving to achieve the growth target of 8.3-8.5% for the whole year.
The economy continued its growth momentum, with macro-economic stability, inflation under control, and major balances ensured. Many important indicators showed improvement compared to the previous month and the same period last year. Notably, new orders increased, and the Purchasing Managers’ Index (PMI) for July reached 52.4 points, the first month above 50 points since the second quarter.
Culture, social affairs, and social welfare continued to receive attention. Activities to honor and care for national contributors were well organized on the occasion of the 78th War Invalids and Martyrs’ Day (July 27, 1947 – July 27, 2025). Efforts were made to quickly overcome the consequences of natural disasters.
The Prime Minister concludes the meeting – Photo: VGP/Nhat Bac
|
Concluding the meeting, Prime Minister Pham Minh Chinh analyzed and emphasized additional points on assessing the situation, providing directions and policy responses in July and the past time; highlighting outstanding socio-economic results and existing limitations and shortcomings; drawing lessons; and forecasting the situation in the coming time.
The Prime Minister requested continued flexible and effective adaptation to the situation, avoiding both subjectivity and negligence. He also emphasized key tasks and breakthrough solutions in various fields to renew traditional growth drivers, promote new ones, diversify markets, products, and supply chains, effectively implement the four “pillar” resolutions of the Politburo, resolve difficult projects, ensure smooth operation of the two-tier local government, reduce administrative procedures, promote decentralization and delegation of power along with resource allocation, and strengthen inspection and supervision.
At the same time, well organize activities to celebrate the 80th anniversary of the August Revolution and National Day on September 2nd, hold groundbreaking and inauguration ceremonies for large projects and the exhibition “80 Years of Independence, Freedom and Happiness”, prepare for the new school year, develop and implement projects to prevent and respond to landslides, subsidence, droughts, and floods in the northern mountainous region and the Mekong Delta…
– 07:17 05/08/2025
Unleashing Economic Growth: The Prime Minister’s Directive for 2025’s Prosperity
Prime Minister Pham Minh Chinh has issued Official Dispatch No. 137/CD-TTg on December 20, 2024, emphasizing the importance of boosting economic growth for the year 2025.
Accelerate and Innovate: Surpassing Excellence with 15/15 Targets for 2024
At Resolution No. 233/NQ-CP of the regular November 2024 Government meeting, the Government requested that ministries, branches, and localities accelerate and break through to achieve and exceed all 15/15 targets and goals for 2024. They also urged the immediate implementation of new, important, and urgent tasks to create momentum and a stronger position to achieve victory in the plan for socio-economic development in 2025.
The Ultimate Comeback: Quang Nam’s Remarkable Turnaround with a Staggering 26,000 Billion Dong Revenue
Contrary to earlier pessimistic forecasts, the province of Quang Nam has made a remarkable comeback, collecting over VND 26 trillion in revenue, exceeding the estimate by more than 110%.
Hiring the Right Talent: Combating Negativity and Corruption in Public Investment
Vice Prime Minister Bui Thanh Son emphasized the importance of promptly replacing officials, civil servants, and public employees who lack capacity or cause disturbances and hassles. He also stressed the need to resolutely address negative and corrupt behaviors in public investment management.
The Ultimate Guide to Mastering the Art of Persuasive Writing: “Unleashing the Power of Words: Crafting Compelling Content for Maximum Impact”
On November 29, the 15th National Assembly continued its 8th session, during which the Law on Public Investment (amended) was passed with notable new features. This landmark decision was supported by the majority of delegates, signifying a pivotal moment in the nation’s public investment landscape.
