The government has issued Resolution No. 164/NQ-CP on October 4 following the Cabinet meeting held on September 30, requesting that ministries and localities double their efforts to achieve socio-economic development targets in 2023, according to the Vietnam Government Portal (VGP).

The request was based on positive signs recorded in the first three quarters of this year, despite the impact of global headwinds.

As a result, the country’s GDP growth rose to 5.33 per cent in the third quarter from 4.05 per cent in the second and 3.28 per cent in the first.

Industrial production grew 4.57 per cent in the third quarter and 1.65 per cent in the first nine months year-on-year, according to the General Statistics Office (GSO).

Meanwhile, the CPI increased 2.89 per cent in the third quarter compared to the previous quarter and 3.16 per cent year-on-year, the GSO reported.

The government also urged subordinate levels to step up administrative reform, including easing business conditions, in association with digital transformation.

In addition to tax and fee exemption policies enacted for 2023, the Ministry of Finance has been tasked with reviewing and putting forward necessary policies to help businesses overcome any challenges, according to the Resolution.