Prime Minister Nguyen Xuan Phuc addresses the national teleconference in Hanoi on December 28 (Photo: VNA)

Hanoi (VNA) – Vietnam has recorded considerable achievements in 2018, but Prime Minister Nguyen Xuan Phuc has reminded ministries, sectors and localities to “never rest on their laurels”.

He made the remark at a national teleconference between the Government and 63 provinces and cities nationwide in Hanoi on December 28.

The event also saw the presence of Party General Secretary and President Nguyen Phu Trong and Chairwoman of the National Assembly Nguyen Thi Kim Ngan.

The Government leader noted that this year’s economic growth rate posts a decade high of 7.08 percent with the processing and manufacturing sector expanding by over 12 percent. Meanwhile, credit grew by less than 14 percent, compared to the 17 – 18 percent in the previous years, and the mining industry contracted nearly 4 percent.

These figures show that the growth model is switching, and the country has recorded improvement in value chains, he said.

Meanwhile, the Party Central Committee’s resolution on the private economic sector is being implemented well with the sector recording strongest ever development in the past two years. Additionally, more than 130,000 new enterprises were set up and over 34,000 firms resumed operations in 2018, PM Phuc highlighted.

Deputy PM Pham Binh Minh attributed those attainments to the Government’s actions under the motto “Discipline, Integrity, Action, Creativity, Effectiveness”. 

The Cabinet has taken actions with the consistent targets of stabilising the macro-economy, controlling inflation, creating clear and substantive changes in the implementation of strategic breakthroughs, simultaneously restructuring the economy and reforming the growth model, and improving labour quality and productivity and the economy’s competitiveness.

It has also worked to reform mechanisms and policies to remove obstacles, streamline administrative procedures, and better the business climate, he said.

However, Minh also pointed out certain shortcomings of the Government, noting that the proposal of mechanisms and policies remains inactive, the settlement of policy loopholes has yet to meet expectations, while ministries and agencies still lack coordination in resolving inter-sectoral problems.

Aside from objective factors, the shortcomings are attributable to the fact that leaders of some agencies haven’t been drastic enough in their work, and some officials lack sense of responsibility towards their duties.

PM Phuc said following this meeting, the Government will swiftly finalise and issue several resolutions so that the whole administrative system, enterprises and people can soon get down to business to accomplish the targets set for 2019. –VNA