Son said that at this conference, all Government members agreed that in the coming time, there are more difficulties and challenges than opportunities and advantages.

Therefore, Prime Minister Pham Minh Chinh asked ministries, sectors and localities to proactively address arising problems and step up three strategic breakthroughs namely institutions, infrastructure and human resources.

At the regular Cabinet press conference

He requested giving priority to maintaining macro-economic stability, controlling inflation, propelling growth and ensuring major balances of the economy. "It is necessary to ensure the balanced, rational and effectively management of the exchange and interest rates as well as harmonize inflation control and growth, monetary and fiscal policies, and domestic and foreign situations," the Prime Minister stressed.

The Government leader also stressed the importance of the adoption of a sound, flexible and effective monetary policy in close and synchronous combination with fiscal and other policies.

According to the minister, in January, the macro-economy continued to be stabilized, inflation was controlled and major balances maintained. State budget revenue increased by 12.3% compared to the estimate, and 8.1% year-on-year, and trade surplus hit USD 3.6 billion.

Total retail sales of goods and services in the month rose by 20% against 2022 and 34.2% compared to 2019.

Source: VNA