PM requests effective solutions for economic recovery in coming years
| |
Prime Minister Nguyen Xuan Phuc (standing) chairs the meeting of the Government’s permanent members on August 19 (Photo: VNA) |
He also underlined the need for staying proactive in governance and plan making, noting that facing serious impacts of COVID-19, effective and feasible solutions are necessary to ease losses and spur economic development in both 2021 and the medium term of 2021-2025.
He asked Government members to be unanimous to exert efforts to support socio-economic recovery this year, as well as the following years.
Noting countries around the world have taken measures like large-scale aid packages to minimise impacts of COVID-19, especially on people and businesses, the PM requested ministries and sectors, especially the Ministry of Finance, the Ministry of Planning and Investment, the Ministry of Labour, Invalids and Social Affairs, and localities, to devise timely support solutions that are strong enough to help affected people and enterprises.
Those solutions must be proactive, flexible and match the “new normal”. In particular, the fiscal and monetary policies should be more flexible to stimulate demand, create jobs and promote growth while still maintaining macro-economic stability, according to the Government leader.
Meanwhile, the State budget plan for 2021 should include funds for social security policies for workers facing job losses and those in the informal sector, and for vocational training to help labourers adapt to changes in supply chains.
PM Phuc also requested continued assistance for certain sectors heavily affected by the pandemic like transportation, tourism, textile-garment, health care, and education; along with policies to encourage rational consumption.
He demanded priority be given to development investment, especially in developing socio-economic infrastructure, including transport facilities, by using every possible resource.
The public investment plan for 2021-2025 needs to include projects and programmes important to national development like the ones on North-South Expressway, coastal roads, and digital economy, he added.
Related News
Economic groups and corporations increase revenue and profit
09:48 | 02/08/2024 Import-Export
With the recovery momentum returning, businesses need to speed up credit
16:37 | 10/06/2024 Headlines
Textile and garment exports recovered positively
10:26 | 18/04/2024 Import-Export
Exports in the first quarter "supported" economic recovery
18:24 | 03/04/2024 Import-Export
Latest News
Vietnam's internet economy projected to hit 36 billion USD in 2024
13:51 | 22/11/2024 Headlines
Adapting to multicultural environments in global business
09:33 | 22/11/2024 Headlines
Vietnam resolved to boost digital economy with national action plan
14:25 | 21/11/2024 Headlines
NA Chairman departs for official visit to Cambodia
14:24 | 21/11/2024 Headlines
More News
Innovating gold market management mindset
09:48 | 21/11/2024 Headlines
Businesses need support from vietnamese representative offices abroad
14:48 | 20/11/2024 Headlines
Vietnam-Cambodia relations expected to enter new development period: official
14:42 | 20/11/2024 Headlines
Vietnam emerges as forerunner in global nearshoring trend
13:46 | 19/11/2024 Headlines
PM’s visit to Dominican Republic to cement ties
13:41 | 19/11/2024 Headlines
Top 500 Largest Enterprises in Vietnam in 2024: Affirming the ability to overcome "headwinds"
09:39 | 19/11/2024 Headlines
"Explosion" of aviation retail with new services
15:53 | 18/11/2024 Headlines
PM attends Vietnam-Brazil business forum in Rio de Janeiro
15:50 | 18/11/2024 Headlines
Party leader requests extra efforts to fulfill education, training reform goal
15:48 | 18/11/2024 Headlines
Your care
Vietnam's internet economy projected to hit 36 billion USD in 2024
13:51 | 22/11/2024 Headlines
Adapting to multicultural environments in global business
09:33 | 22/11/2024 Headlines
Vietnam resolved to boost digital economy with national action plan
14:25 | 21/11/2024 Headlines
NA Chairman departs for official visit to Cambodia
14:24 | 21/11/2024 Headlines
Innovating gold market management mindset
09:48 | 21/11/2024 Headlines