Summary of the Socio-Economic Situation in Vietnam in December and the Year 2019

09:38, 10/07/2024

Resolution 121/NQ-CP on the Conference of the Government of Vietnam with Local Authorities and the Regular Session of the Government of Vietnam in December 2019 was signed and promulgated by the Prime Minister of the Government of Vietnam on December 31, 2019.

This Resolution clearly states the socio-economic development situation of our country in 2019 as follows:

- This is the second consecutive year achieving and exceeding all 12 key indicators, with 7 indicators exceeding the plan;- GDP growth rate for the entire year reached 7.02%, being among the highest economic growths in the region and the world;- Registered foreign-related investment capital increased by 7.2%; actual FDI reached a record level of 20.4 billion USD;- Total import and export turnover reached 517 billion USD, marking the fourth consecutive year of trade surplus and reaching 9.9 billion USD;- Vietnam's national competitiveness, as assessed by the World Economic Forum, increased by 10 ranks and 3.5 points compared to 2018, the strongest increase in the world;- ...

Details can be seen in Resolution 121/NQ-CP issued on December 31, 2019.

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