PM requests achieving growth of over 5 percent this year

Prime Minister Nguyen Xuan Phuc has requested striving for an economic growth of over 5 percent and controlling inflation below 4 percent this year.

Tuesday, May 05, 2020 21:19

PM requests achieving growth of over 5 percent this year ảnh 1

Prime Minister Nguyen Xuan Phuc speaks at the meeting (Source: VNA)

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc hasrequested striving for an economic growth of over 5 percent and controllinginflation below 4 percent this year.

Concluding the April Government meeting in Hanoi on May 5, PM Phuc said theGovernment would not accept a growth rate of 2.7 percent as forecast by the InternationalMonetary Fund (IMF).

The Government leader asked ministries, agencies and localitiesto offer support to firms, continue improving business environment, especiallystepping up major projects, including 37 trillion VND (1.6 billion USD) worthof public investment by the Transport Ministry, thus creating a driving forcefor the economy.

He said the Government has agreed to issue a thematic Resolution on tacklingdifficulties faced by businesses, accelerate public investment disbursement,and restoring socio-economic development.

PM Phuc highlighted the need to continue working for the double goals, whileeasing social distancing measures to stimulate production and trade, especiallyin urban and tourist areas, adding that it is now a “golden” time to developservices economy.

He instructed promoting the attraction of foreign and private investment,boosting exports and public capital disbursement, and stimulating domesticconsumption.

The Ministry of Planning and Investment (MoPI) was assigned to work with theFinance Ministry, the Ministry of Industry and Trade, and agencies concerned topromptly update growth scenarios and adjust targets related to State budgetcollection, overspending and public debt.

The MoPI must submit reports to Prime Minister before May 10 so that the PMcould report to the Politburo and the legislature at the upcoming session ofthe legislature this month.

The Government basically agreed with the Ministry of Education and Training’sreport on plans for high school graduation and university entrance exams thisyear.

Chairpersons of the people’s committees of cities and provinces must beresponsible for the safety of exams in their localities./.

VNA

#Prime Minister Nguyen Xuan Phuc #Vietnamplus #Vietnam News Agency #International Monetary Fund #economic growth #business environment Vietnam

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