2018 has better beginning than 2017: Prime Minister

Prime Minister Nguyen Xuan Phuc speaks at the Government meeting for January on February 2 (Photo: VNA)

In January, the Purchasing Managers’ Index (PMI) of Vietnam grew by 53.4 points, the biggest pace in ASEAN and even higher than that of the Republic of Korea and China. Driving forces of GDP growth also increased, including the index of industrial production increasing 20.9 percent, he noted at the meeting on February 2.

In the month, the number of foreign visitors to Vietnam soared by 42 percent to more than 1.4 million. About 10,800 businesses were set up, higher than the 9,000 new firms in the same period last year, while 4,500 companies resumed operations. Foreign reserves approximated 57 billion USD. Meanwhile, relevant agencies also paid attention to cultural and social issues, particularly in disadvantaged and disaster-hit areas, the Government leader added.

At the meeting, he told ministries, sectors and localities not to be complacent about the achievements in January and continue the strong determination shown in the final months of 2017 right in the first quarter of this year, citing the indefatigable spirit of U23 Vietnam, which performed a miracle reaching the final at the Asian Football Confederation (AFC) U23 Championship in January 2018. Regarding the severe cold in the northern region amid the Lunar New Year festival (Tet) nearing, he asked relevant agencies to pay attention to people’s health and agricultural activities.

They have to ensure goods supply, social and traffic safety, and fire prevention during Tet, the biggest traditional festival. Meanwhile, State agencies must be responsible for managing festivals after the holiday, which falls in mid-February.

PM Phuc noted a high growth rate, 0.51 percent, in the Consumer Price Index (CPI) in the reviewed month compared to the same period of 2017, requesting closer coordination in rising electricity and education and healthcare service prices to keep CPI expansion of less than 4 percent in 2018.

During the meeting, the Government is set to discuss several issues, including a report on the socio-economic situation in January, the implementation of the Government’s Resolution 01 on key tasks and solutions steering the realisation of the socio-economic development and State budget plans for 2018, the law and ordinance making programme, a draft resolution on setting up a committee for management of State capital at enterprises, and investment mechanisms and policies for the North-South Expressway