According to the programme, at the meeting the government focused on discussing the socio-economic situation in November and the eleven months of 2022; implementation of the program of socio-economic recovery and development; disbursement of public investment capital in 11 months of 2022; Implementation of 3 national target programs; Draft government resolution on the main tasks and solutions for the implementation of the socio-economic development plan and the estimate of the state budget in 2023.

Many important events were held in November, including: Conference on Coping with and Propagating the Politburo Resolution, the Government Action Plan on Socio-Economic Development, Ensuring National Defense and Security, Security in the Central Highlands, Southeast and Red River Delta Regions , related to urban development; Party and state leaders visited and worked in China, Thailand, Australia, New Zealand, Cambodia, attended APEC 2022, 40th and 41st ASEAN Summits, AIPA43; Celebration of Vietnam Teachers Day, Vietnam Law Day…

Speaking at the opening session, Prime Minister Pham Minh Chinh stated that November has many new and different points compared to October. The global situation continues to fluctuate rapidly, complicated and unpredictably with daily risk factors. The impact at the global level is increasing. Strategic competition between big countries is becoming more and more intense and deep; protracted Russian-Ukrainian conflict.

High global inflation; many countries raised interest rates to lengthen and tighten monetary policy; The USD appreciated and many currencies continued to depreciate. The production and business situation deteriorated, unemployment rose, and many large markets tended to shrink. Financial, currency, real estate, energy and food insecurity risks are increasing.

Some countries are showing signs of slipping into economic recession. International organizations have lowered their forecasts for global economic growth and many major economies in 2022-2023. Climate change, natural disasters and extreme weather are becoming increasingly complex and unpredictable.

Meanwhile, the size of our economy is still modest, with great openness, limited resilience and adaptability, and is greatly affected by world fluctuations.

Domestically, we are determined to correct the way a number of markets operate to enable those markets to function properly, healthily, safely, openly, transparently and sustainably, but this adjustment process is also impacting market sentiment.

The Prime Minister reiterated his determination to correct these markets, “you can’t do it”, deal with the wrong people, protect the right people and protect the legitimate rights and interests of people and businesses.

In addition, there was a local shortage of oil in some places; The shortage of medicines and medical equipment has not been fully resolved.

This context presents a large, demanding and increasingly demanding workload. The Government and the Prime Minister have instructed all levels, branches and municipalities to implement tasks and solutions drastically and synchronously. Efforts to carry out routine tasks effectively; focus on addressing long-standing backlog issues; react quickly to problems that arise.

In the face of new developments in the situation, the government, prime minister, ministries, industries and municipalities have calmed down, observed and firmly grasped the situation, organized working meetings and consulted experts and scholars, giving enterprises and people a reasonable assessment of the situation, appropriate tasks and solutions, and limit negative impact of the situation.

According to the Prime Minister, the situation was very difficult and challenging at the end of October and beginning of November, but with the above tasks, solutions and other measures, we have the situation under control.

The macro economy is basically stable, inflation is under control, continues to support growth, makes big balances such as income and expenditure balance (up to this point, the profit is about VND 276 trillion, which leaves room for growth. Fulfill tasks); import-export (export surplus of more than USD 10 billion); food security (export of agricultural products worth about USD 50 billion and 7 million tons of rice); generally ensure sufficient electricity and petrol for production, trade and consumption; Basic labor supply to meet demand.

Guaranteed social security; social and political stability; national defence, security, independence, sovereignty and territorial integrity are preserved; social order and security are guaranteed; External relations and integration are strengthened and expanded.

Regarding the upcoming situation, the Prime Minister stressed that in order to continue the implementation of tasks and solutions in the coming period, especially in December, it is necessary to note that there will continue to be many difficulties and complications, especially due to external influences at the highest level, the objectives set by the National Assembly.

At the same time, addressing ongoing issues such as B. Thoroughly overcoming the shortage of gasoline, medicines, medical supplies, promotion of vaccinations… Development of all kinds of markets that function safely, healthily and sustainably; Improving people’s material and spiritual life, especially during the Tet holiday, to avoid shortages and stabilize the prices of all kinds of goods…