Government reviews seven-month socio-economic performance

Government members looked into socio-economic performance in July and seven months during a regular meeting in Hanoi on August 3.
Government reviews seven-month socio-economic performance ảnh 1Prime Minister Nguyen Xuan Phuc (Photo: VNA)
Hanoi (VNA) – Government members looked into socio-economic performance inJuly and seven months during a regular meeting in Hanoi on August 3.

TheMinistry of Planning and Investment (MoPI) said the consumer price index inJuly was up 0.31 percent from December 2012 and 0.11 percent from the previousmonth. Credit growth was up 8.92 percent and 8.02 percent, respectively fromDecember 2016 and last year’s same period.

Industrialproduction expanded by 6.5 percent while manufacturing and processing grew by 10.6percent. The total retail and services recorded a 10 percent growth.

Asmany as 7.24 million foreigners visited Vietnam during the period, marking a28.8 percent increase year-on-year.

Thetotal new and additional FDI capital was estimated at 21.9 billion USD in sevenmonths, up 52 percent annually. The disbursement rose 5.8 percent to 9 billionUSD.

Concludingthe meeting, Prime Minister Nguyen Xuan Phuc urged for drastic and synchronousactions to be taken between now and the year’s end to achieve set targets,improve business climate and build a constructive and service-orientedadministrative system.

Heassigned specific tasks to ministries and agencies. Accordingly, the MoPI mustbe responsible for updating growth scenario to submit to the PM before August20 to devise proper policies towards each sector.

The PM asked the State Bank of Vietnam tocontinue adjusting the monetary policy towards reducing lending interests andincreasing the credit outstanding balance by at least 20 percent.

He ordered the Ministry of Industry and Trade todevelop the domestic market strongly and speed up trade promotion.

The gross domestic product (GDP) of theagricultural sector is expected to expand by three percent this year, while theexports of farm product and food should be 33 billion USD or higher.

He pointed to slow equitisation of State-owned enterprises, asking forscreening bottlenecks, handling stringently violations, and divesting Statecapital in listed enterprises.

The PM requested ministries, sectors andlocalities to seriously implement the conclusions of the Party GeneralSecretary, head of the Party Central Committee on Corruption Prevention andCombat, to contribute to building a transparent government.

It is necessary to increase inspections of theimplementation of the Government’s policies and directions as well as implementeffectively dialogue channels and handle information from people and businessesvia governmental and ministerial portals, he said.-VNA

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