PM Pham Minh Chinh noted that Vietnam had passed three quarters of 2025 amid global uncertainties, including prolonged conflicts, strategic competition, trade tensions, slowing global growth, volatile financial markets, high public debt, and soaring gold prices.
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Prime Minister Pham Minh Chinh chairing the Government's meeting on October 5 |
He said that the country has focused on implementing six key tasks - operating the two-tier local government model; driving growth to 8.3–8.5% in 2025; implementing Politburo breakthrough resolutions; preparing for the 13th Party Central Committee’s meeting and the 10th session of the 15th National Assembly; organizing Party congresses at all levels towards the 14th National Congress; and addressing the impacts of four major storms in September.
He highlighted that thanks to the Party’s leadership and nationwide efforts, socio-economic performance has improved month by month and quarter by quarter.
The macroeconomy remains stable, inflation is under control, major balances are ensured, growth momentum is strong, social welfare is safeguarded, people’s livelihoods improved, political and social stability maintained, national defense and security strengthened, and external relations expanded.
However, the PM pointed out challenges, such as external shocks, U.S. tariff policies, inflationary and exchange-rate pressures, rising gold prices, underperforming traditional growth drivers, delays in new growth engines, and difficulties in implementing the two-tier local government model, alongside heavy storm damage.
He requested participants to assess the September and nine-month socio-economic situation, Government performance, lessons learned, obstacles in the two-tier model, and propose key solutions for the fourth quarter of 2025.
The meeting also reviewed public investment disbursement, implementation of national target programs, and other major issues.
Source: VNA