PM Nguyen Xuan Phuc chaired the Government’s regular meeting on December 3 in Ha Noi to discuss socio-economic performance in November and the first 11 months of 2018 and draft resolution on key measures for 2019.
PM Nguyen Xuan Phuc at the Government’s regular meeting for November, Ha Noi, December 3, 2018 - Photo: VGP/Quang Hieu
The Ministry of Planning and Investment reported that the socio-economic performance was stable and inflation rate was put under control, dropping by 0.29%, the lowest level over the last nine years.
Industrial production index (IPI) surged over 10%. Processing and manufacturing industries made impressive growth pace of 12.2%. Total retail sale of goods and services jumped 11.5%. The number of international guests was over 14 million, representing a year-on-year growth of 21.3%.
Trade surplus made a record high of US$ 6.8 billion. The number of newly-established enterprises was 121,000. Nearly 32,000 enterprises resumed operation.
The MoIP forecast that in December, the domestic economy progressed positively. Trade, consumption, and tourism were projected to surge highly in the year end following upcoming big festivals and long international vocations.
Earlier, international organizations made positive assessments of Viet Nam’s economy. The World Bank (WB) and International Monetary Fund (IMF) forecast that the economic growth would be at 6.6-6.8% and inflation rate at 4%.