Cabinet convenes conference with localities
08:00 | 28/12/2020
VGP – Party General Secretary and State President Nguyen Phu Trong will attend and deliver a speech at the conference between the Government and localities on Monday.

From left to right: Chief Justice of the Supreme People's Court Nguyen Hoa Binh, Minister of Public Security To Lam, Head of the CPVCC Organization Commission Pham Minh Chinh, Deputy Prime Minister and Foreign Minister Pham Binh Minh, Head of the CPVCC Mass Mobilization Commission Truong Thi Mai, Minister of National Defense Ngo Xuan Lich, National Assembly Chairwoman Nguyen Thi Kim Ngan, Party General Secretary and State President Nguyen Phu Trong, Prime Minister Nguyen Xuan Phuc, Permanent Deputy Prime Minister Truong Hoa Binh, Standing member of the CPVCC Secretariat Tran Quoc Vuong, President of the Viet Nam Fatherland Front Central Committe Tran Thanh Man, Deputy Prime Minister Trinh Dinh Dung, Director of the Ho Chi Minh National Academy of Politics Nguyen Xuan Thang, and Deputy Prime Minister Vu Duc Dam. Photo: VGP

The conference aims to review socio-economic performance in 2020 and the 2016-2020 period and charter orientations for 2021 and the following years.

Dignitaries to the conference include Party General Secretary and State President Nguyen Phu Trong, Prime Minister Nguyen Xuan Phuc, National Assembly Chairwoman Nguyen Thi Kim Ngan, Standing member of the CPVCC Secretariat Tran Quoc Vuong.

The Vietnamese economy expanded 2.91% in 2020, the lowest growth rate over the past decade, according to official data.

This year’s growth rate is quite positive given the serious challenges posed by the Covid-19 pandemic, Nguyen Thi Huong, Director-General of the General Statistics Office (GSO), told a room of reporters on Sunday.

Export-import values in 2016-2020 period

Total trade volume was estimated at US$543.9 billion, up 5.1% against the previous year. Of the figure, export turnover rose 6.5% to US$281.5 billion while import value increased by 3.6% to US$262.4 billion, Huong said.

Foreign investment inflows and disbursed volume in 2016-2020 period. Unit: bln usd.

With the above figures, Viet Nam posted a trade surplus of US$19.1 billion this year, she added.

Meanwhile, inbound tourism plunged by 78.7% and consumer price index rose by 3.23%, the GSO leader said.

Foreign arrivals to Viet Nam in 2016-2020 period

Thanks to effective containment of the pandemic, Viet Nam is one of the two Asia-Pacific economies to attain positive growth. In addition, the country is listed among 16 most successful emerging economies in the world with many prospects to narrow the gap with developed countries amidst the COVID-19 epidemic, according to the Economist.

By Huong Giang

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