October 02, 2023 | 08:00 GMT+7

PM calls for boost to public investment and FDI attraction

Huyền Vy -

Move would ensure socio-economic development over the remainder of 2023.

Prime Minister Pham Minh Chinh addressing the regular government meeting. Photo: VGP
Prime Minister Pham Minh Chinh addressing the regular government meeting. Photo: VGP

Prime Minister Pham Minh Chinh has called on relevant ministries and agencies to promote public, private, and foreign investment as part of measures to boost socio-economic development over the remaining months of the year.

Chairing the regular government meeting for September and an online meeting between the Cabinet and localities on September 30, Prime Minister Chinh said focus should be on infrastructure development, human resources training, and administrative reform to be ready to welcome new FDI projects.

He also emphasized the need to strongly promote growth drivers and speed up industrial production, especially the manufacturing and processing industry in the context of continued difficulties and challenges in the global situation and in Vietnam.

Regarding exports, it is necessary to maintain and strengthen traditional markets while expanding to new markets such as the Middle East, Africa, and Latin America, improve product quality and services to meet new export requirements and standards, tap opportunities from free trade agreements Vietnam has signed, and speed up negotiations over new trade deals.

The government leader also pointed to the need to accelerate the disbursement of public investment capital, continue active and flexible management and harmonious coordination of policies, especially fiscal and monetary policies, and take measures to tackle difficulties and obstacles in production and trade.

He also called for opportunities to be tapped to develop new sectors such as semiconductor chip production, AI, green energy, the circular economy, and green growth.

Vietnam posted GDP growth of 5.33 per cent in the third quarter.

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