Minister-Chairman of the Government Office Tran Van Son speaks at the office's regular monthly press conference on the January socio-economic situation. (Photo: VNA)

Chairing the event, Minister-Chairman Tran Van Son reported that despite a shorter working month, the country's socio-economic situation continued to recover in January, with macroeconomic stability maintained, inflation put under control, and major economic balances ensured.

According to the Government’s spokesperson, the consumer price index (CPI) and core inflation increased by 3.63% and 3.07% year-on-year, respectively. The monetary, credit, and foreign exchange markets were stable, ensuring sufficient capital supply for the economy. As of January 20, total mobilised capital decreased by 0.43%, while credit for the economy rose by 0.08%, compared to the end of 2024.

State budget revenue for January was estimated at 275.9 trillion VND (10.96 billion USD), reaching 14% of the annual target and up 3.5% year-on-year. Meanwhile, state budget expenditure stood at 134.4 trillion VND, accounting for 5.3% of the target and increasing by 4.8% annually.

Registered foreign direct investment (FDI) exceeded 4.3 billion USD, 48.6% higher than that of the same period last year. Disbursed FDI reached over 1.5 billion USD, up 2%. Trade remained smooth, with total import-export turnover estimated at 63.15 billion USD, down 10.5% from the previous month and 3.5% year-on-year. The first month also saw a trade surplus of approximately 3 billion USD.

The industrial sector saw positive growth, with the index of industrial production (IIP) posting an annual rise of 0.6%. The service sector also performed well, with total retail sales of goods and consumer service revenue up by 9.5%.

Concerning business registration data, nearly 10,700 new enterprises were established in the month, a decrease of 30.3% year-on-year. However, the number of businesses resuming operations surged by 65.2% to nearly 22,800.

Major economic balances, energy security, and food security remained stable, with fiscal deficit, public debt, government debt, and national external debt all kept within safe limits./.