Clear progress needed in economic restructuring: PM

Prime Minister Nguyen Tan Dung has urged ministries, sectors and localities to speed up the restructuring of state-owned enterprises, determined to make clear progress in 2014.
Prime Minister Nguyen Tan Dung has urged ministries, sectors andlocalities to speed up the restructuring of state-owned enterprisesfollowing the approved plan, determined to make clear progress in 2014.

While chairing the monthly cabinet meeting onFebruary 28 in Hanoi, PM Dung said it is crucial to focus onstepping up business privatisation, while strengthening management andsupervision over the state-owned sector.

Reviewingthe country’s socio-economic performance during the first two months ofthis year, the PM said positive changes were seen in various fields. Itis important for the country to continue working to fulfil the yearlytasks and targets for 2014, he said.

He also askedfor quicker disbursement in capital for construction sourced by bonds,the budget and official development assistance (ODA) on a par with theclose supervision of construction quality.

Moresupport should be given to foreign-invested enterprises in theimplementation of their projects. At the same time, ministries, sectorsand localities should effectively apply measures to remove difficultiesfor businesses to boost production, he said.

PM Dungdirected the State Bank of Vietnam to seek suitable solutions toboost credit growth, quickly injecting credit capital into the economy,improving access to capital for enterprises, especially those operatingin prioritised sectors, thus fuelling the recovery and development ofthe economy.

At the same time, the PM also requestedministries, sectors and localities to continue ensuring the effectiveimplementation of social welfare policies.

Regardingissues related to the over 100-year-old Long Bien bridge, PM Dung heldthat with its historical importance, the bridge should be preserved tokeep its original features.

He also said it isnecessary to restore and conduct maintenance on the bridge to exploit itin an effective manner. The building of a new bridge close by should becarefully calculated to ensure the most feasible plan.

According to a report by the Ministry of Planning and Investment, inthe first two months of 2014, the country recorded a trade surplus withsurges in exports as well as industrial and agricultural productionvalues.

The disbursement of ODA and FDI capitalcontinues to rise compared to the same period last year, while theservice sector also saw good results, said the report, adding that thenumber of foreign arrivals to Vietnam also increased sharply.

A strong performance was also seen in social security, it said, notingthat people nationwide celebrated the Lunar New Year festival in a safeand joyful manner.

Regarding specific measures tosolve difficulties in business and production, many cabinet membersproposed that the Government prioritise credit for the agriculturalsector and rural areas, while intensifying investment promotion andexpanding the export market, especially for key agricultural products.

According to Minister of Agriculture and RuralDevelopment Cao Duc Phat, ministries and authorised agencies should workmore closely with the ministry to seek and broaden export markets formajor agricultural products, especially rice.

At thesame time, he also called for ministries, sectors and localities tokeep a close eye on and strengthen coordination in the inspection andquarantine of poultry, strictly supervising the cross-border trade oflivestock and fowl, and minimising the spread of epidemics across theborder, especially in the northern region.

Meanwhile, Deputy Prime Ministers Nguyen Xuan Phuc and Hoang Trung Haiunderscored the necessary improvement of the domestic businessenvironment and the effective implementation of policies to attractforeign investment.

They asked the Ministry ofPlanning and Investment to coordinate with other ministries to findmeasures to assist new enterprises, while eradicating obstacles for BOT(build-operate-transfer) projects.

Mentioning waysto pick up business, Deputy Prime Minister Vu Van Ninh said thepromotion of production should be closely attached with the search forand forecast of markets. He held that it is necessary to pay specialattention to the adjustment of agricultural product structure to suitthe demand of markets.

Sharing his counterparts’opinions, Deputy PM Vu Duc Dam added that more efforts should be made tospeed up the reform of education and training.

During the meeting, participants also gave opinions on a report on theimplementation of a resolution on the completion of thesocialist-orientated market economy. They also discussed ways tostrengthen the market mechanism in the global economic integrationperiod.

They heard a report on tasks and solutionsto better the business environment and enhance national competitivenessin the 2014-2015 period, as well as measures to settle debts for theVietnam National Shipping Lines (Vinalines).

Cabinet members also tabled the revised draft Law on State Budget.-VNA

See more

Prime Minister Pham Minh Chinh and delegates at the event (Photo: VNA)

PM calls on Japanese firms to see Vietnam as strategic destination

Highlighting the growth of the Vietnam-Japan relations over the past 52 years with the establishment of a comprehensive strategic partnership for peace and prosperity in Asia and the world, PM Chinh noted that bilateral economic, trade, and investment cooperation has continued to play a pivotal role, standing out as a highlight in the bilateral relationship.

Deputy Foreign Minister Le Thi Thu Hang and Tanzanian Foreign Minister Mahmoud Thabit Kombo (Photo: VNA)

Vietnam, Tanzania strengthen ties on 60th anniversary

During the visit, she held talks with Tanzanian Foreign Minister Mahmoud Thabit Kombo in Dar es Salaam to discuss measures to enhance the two countries' traditional friendship and multifaceted cooperation, especially in trade and investment.

Participants at the 31st ASEAN Economic Ministers’ Retreat (AEMR-31) (Photo: VNA)

Vietnam makes active contributions to AEMR-31

Vietnam actively contributed to the success of the retreat, engaging in discussions across key agenda items, expressing strong support for Malaysia’s economic initiatives and priorities for its 2025 ASEAN Chairmanship.

Prime Minister Pham Minh Chinh presents the appointment decision to Dao Ngoc Dung as Minister of Ethnic and Religious Affairs. (Photo: VNA)

Ethnic and religious solidarity key to national strength: PM

Prime Minister Pham Minh Chinh directed the newly established ministry to fully implement Party guidelines and state policies, ensuring equal access to opportunities for all ethnic groups while countering divisive efforts by hostile forces.

Prime Minister Pham Minh Chinh (3rd from left) and representatives from US businesses (Photo: VNA)

PM affirms commitments to US businesses

The PM called on US enterprises to join Vietnam in reaching these objectives, benefiting both sides and strengthening the Comprehensive Strategic Partnership.

Congratulations extended to new AU Chairman

Congratulations extended to new AU Chairman

State President Luong Cuong on February 28 sent a message of congratulations to President of Angola João Manuel Gonçalves Lourenço on his taking office as President of the Assembly of Heads of State and Government of the African Union (AU) and Chairperson of the AU.

PM Pham Minh Chinh and his New Zealand counterpart Christopher Luxon are welcomed by Hanoi students. (Photo: VNA)

New Zealand PM wraps up Vietnam visit

The outcomes of New Zealand Prime Minister Christopher Luxon's official visit demonstrate significant development of bilateral ties and profound strategic trust between the two nations, creating a solid framework to bring the relationship to a new phase.

Party General Secretary To Lam addresses the working session with the Party Central Committee's Commission for Policies and Strategies on February 24. (Photo: VNA)

Party chief outlines policies for socio-economic development

Party General Secretary To Lam outlined ambitious economic growth targets of at least 8% for 2025, laying the groundwork for double-digit rates in the coming years. He also provided orientations for digital asset and currency management in Vietnam.

At the press conference (Photo: VNA)

State President’s order on promulgation of three newly passed laws announced

The State President’s order on the promulgation of three laws, recently passed by the 15th National Assembly (NA) during its 9th extraordinary session, was announced on February 28 morning. They include the law amending and supplementing several articles of the Law on the Organisation of the NA, the Law on Organisation of the Government, and the Law on Organisation of Local Governments.