Cabinet meeting: economy keeps on track

Cabinet meeting: Vietnam’s economy keeps on track

July continues to see positive socio-economic development, heard a Cabinet meeting in Hanoi on July 30.
July continues to see positive socio-economic development, the Ministry of Planning and Investment reported to the regular Cabinet meeting which opened in Hanoi on July 30.

The report noted that inflation remained under control with the rise in consumption price index (CPI) kept at low level; interest rates, foreign exchange rates and market were stable; and exports and services maintained good growth.

The disbursement of capital sources including FDI and ODA was at a good pace, while the industrial sector, particularly the manufacturing and processing industries, continued its recovery.

At the opening session, Prime Minister Nguyen Tan Dung asked Cabinet members to discuss major issues relating to economic restructuring, GDP growth, macro-economy and solutions for smooth operations of businesses.

He also required them to brainstorm over solutions to achieve the target of 5.8 percent GDP growth for this year and to remove difficulties for businesses.

In addition, he urged relevant ministries and agencies to closely work together to carry out measures ensuring safety for over 1,500 Vietnamese guest workers in Libya.

During the two days of sitting, Cabinet members will also debate some draft laws on special consumption tax, labour hygiene and safety, maritime and island environment and resources, and military service.-VNA

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