PM optimistic about fulfilling 12 set targets this year
During a monthly Government meeting in Hanoi, the PM said this year’s gross domestic product may top 6.7% and State budget collection will be 3%-5% higher than the estimate. Public debts are expected to decrease and inflation will be kept below 4%.
Addressing the meeting, the leader lauded the achievements of Vietnamese athletes at the ongoing Asian Games 2018 with four golds, many silvers and bronzes. In particular, he stressed that the Olympic football team’s run to the semi-finals was a historic success for Vietnamese sport and football in particular.
He spoke highly of the Vietnam Innovation Network initiated by the Ministry of Planning and Investment, the Ministry of Science and Technology and various localities, saying it reflects the Vietnamese Party and State’s attention to talented overseas Vietnamese who want to contribute to the nation.
The leader asked Cabinet members to give opinions on 10 contents to be submitted to the legislature at a late October session.
Reviewing the economic performance in August, he said the consumer price index moved up by only 0.45% from July, and is forecast to be below 4 percent for the year as assigned by the NA.
Also during the month, industry posted a growth of 13.4%, retail expanded by roughly 12% and imports-exports went up 14.5%. There were 25 kinds of goods earning more than US$1 billion from export, while the trade surplus hit US$2.8 billion.
Investment using State funds climbed 7%, bringing the eighth-month figure to 11.3%. Foreign direct investment topped US$19 billion, US$11.5 billion of which was disbursed. Foreign investors’ purchases of shares soared 50.9% to US$5.28 billion.
Foreign investors’ confidence in Vietnamese economy remains solid despite complex global developments, he said.
The PM expressed delight that there were more than 67,000 firms established in August, up 2.4% in volume and 6.9% in registered capital. Notably, some 21,000 enterprises resumed operations.
Over the past eight months, the number of poor households fell by 8.7% and the number of poor residents plunged by 40.4%. Departments and agencies also joined hands to overcome the aftermath of flooding.
National defence, security and diplomacy have been strengthened, while Vietnam’s prestige in the international arena has improved. International organisations have highly valued the country’s economic growth, he said.
As Vietnam will host the World Economic Forum on ASEAN 2018 in Hanoi in September – the most important external event this year with leaders of major economies taking part, he assigned the Foreign Ministry, departments and agencies to thoroughly prepare for the event.
Ministries and agencies were also asked to deal with several news agencies’ defamatory broadcasts hurting Vietnamese tra fish, a key earner that affects many Vietnamese lives.
Cabinet members were urged to give feedback on the socio-economic development plan for 2019 and orientations to 2019-2021.
Based on the past achievements, he suggested that this year’s growth should be 6.5%-6.7%.
In the morning session, participants discussed mechanism building and several draft laws and documents.
Related News
PM requests to continue improving efficiency of digital transformation in customs
10:39 | 22/04/2024 Customs
Striving to achieve and exceed the targets and objectives for 2024
11:45 | 06/04/2024 Finance
Minister of Finance: Fairness and transparency for the insurance market
14:37 | 20/03/2024 Finance
A lot of room for growth in the potential for Vietnam - Rok financial cooperation
10:05 | 12/03/2024 Finance
Latest News
Grand ceremony, parade mark 70th anniversary of Dien Bien Phu Victory
14:23 | 07/05/2024 Headlines
Dien Bien Phu Victory shows strength of intelligence, public consensus: Officer
15:37 | 06/05/2024 Headlines
Vietnam acts to seize opportunity to join global semiconductor supply
15:33 | 06/05/2024 Headlines
Vietnam improving readiness to attract foreign investment: official
16:30 | 05/05/2024 Headlines
More News
Green logistics helps firms obtain sustainable, comprehensive development: Insiders
16:29 | 05/05/2024 Headlines
Việt Nam has many opportunities to improve labour productivity: expert
15:14 | 04/05/2024 Headlines
PM presides over Government’s regular meeting
15:06 | 04/05/2024 Headlines
Ample room for Việt Nam-Thailand cooperation in new economic sectors: official
14:50 | 03/05/2024 Headlines
Exports, FDI remain Vietnam’s bright spots: HSBC
17:16 | 02/05/2024 Headlines
Growth engines rev up in first four months
17:12 | 02/05/2024 Headlines
Vietnam fulfills Chairmanship of Asia Pacific Group at UN for April
19:38 | 01/05/2024 Headlines
Startups gradually mature in international markets
08:22 | 01/05/2024 Headlines
Việt Nam to promote local tourism
13:37 | 30/04/2024 Headlines
Your care
Grand ceremony, parade mark 70th anniversary of Dien Bien Phu Victory
14:23 | 07/05/2024 Headlines
Dien Bien Phu Victory shows strength of intelligence, public consensus: Officer
15:37 | 06/05/2024 Headlines
Vietnam acts to seize opportunity to join global semiconductor supply
15:33 | 06/05/2024 Headlines
Vietnam improving readiness to attract foreign investment: official
16:30 | 05/05/2024 Headlines
Green logistics helps firms obtain sustainable, comprehensive development: Insiders
16:29 | 05/05/2024 Headlines