Given the great pressure caused by domestic and external difficulties and challenges, Prime Minister Pham Minh Chinh has underlined the need to stay steadfast in the targets of firmly maintaining macro-economic stability, controlling inflation, boosting growth, and guaranteeing major balances of the economy.

In order to perpetuate the country’s positive results recorded in 2022 amid multiple headwinds facing the global economy, the Government recently issued Resolution 01/NQ-CP, specifying major tasks and providing important solutions to implement the 2023 socio-economic development plan and improve the domestic business environment and national competitiveness.

Chairman of the National Assembly Vuong Dinh Hue had a working session with a delegation of the EU-ASEAN Business Council and the European Chamber of Commerce in Vietnam, with representatives from nearly 50 businesses and groups, in Hanoi on February 14.

The pressure from inflation due to fluctuation of currencies, exchange rates, fuel prices and raw materials was likely to reach its peak in 2022 and is predicted to decrease in 2023, said Dr. Nguyen Duc Do, Vice Director of the Institute of Economics-Finance under the Academy of Finance.

Prime Minister Pham Minh Chinh has highlighted the motto of “Solidarity, Discipline - Mettle, Flexibility - Innovation, Creativity - Timeliness, Effectiveness” in order to realize the goals set for 2023.

Prime Minister Pham Minh Chinh on December 28 tasked the banking sector with ensuring monetary security and safety, as well as legitimate rights and interests of people, businesses and relevant subjects in 2023 and the following years.

In 2022, despite many difficulties, Vietnam has managed to keep the macro-economic stability, with high economic growth, controlled inflation and ensured major balances, as well as political stability and protected security and national sovereignty, and enhanced external relations, Prime Minister Pham Minh Chinh said at the 5th Vietnam Business Forum in Hanoi on December 17.

Prime Minister Pham Minh Chinh asked ministries and Government agencies to maintain flexible and effective policy responses to ensure macro-economic stability and strengthen the confidence of people and businesses amid growing challenges in both domestic and international markets.

National Assembly Chairman Vuong Dinh Hue has affirmed that his ongoing Australia visit aims to further deepen the strategic partnership and cooperation between the two legislatures, not only bilaterally but also at multilateral forums, towards the 50th anniversary of Vietnam-Australia diplomatic relations next year.

While Vietnam's economic recovery has remained strong, heightened uncertainties related to the slowing global economy, rising domestic inflation, and tightening global financial conditions warrant have heightened vigilance and policy agility, said the World Bank