The Government’s monthly meeting on October 30 (Photo: VNA) Hanoi (VNA) - All-levelauthorities and sectors need to adopt recovery acceleration plans for theremaining two months of the year for the country to record annual growth of 2-3percent, Prime Minister Nguyen Xuan Phuc said at the Government’s monthlymeeting on October 30.
The Ministry of Planning and Investment reporteda stable macro-economy and low inflation in October, with the CPI growing 0.09percent both month-on-month and year-on-year, while the 10-month figure was up 3.71percent compared to a year earlier.
The country has posted a record trade surplus of18.7 billion USD since the beginning of the year. Agriculture remains a pillarof support for the economy, while the number of newly-established enterprises inOctober rose 18.4 percent against September.
PM Phuc said the economy hit its lowest point inthe second quarter and has been on a V-shaped recovery since the third quarter.COVID-19 has been largely contained, creating the conditions necessary foreconomic recovery. Inflation has been kept under control, with the Octobermonth-on-month increase being the lowest in five years.
Despite the serious flooding of recent weeks,Vietnam is still likely to achieve growth of 2-3 percent this year, he said.
He also noted that the International MonetaryFund (IMF), Standard and Chartered, and the World Bank have forecast growth of1.6, 3, and 2.5-3 percent, respectively, for Vietnam this year.
The leader still stressed, however, the need toavoid complacency, as the pandemic remains a complex issue around the world. Healso mentioned the challenges caused by external factors such as trade tensionsand global financial uncertainties, as well as domestic factors like naturaldisasters and industries being affected by disrupted global supply chains.
Repeating the twin targets of keeping COVID-19under control and boosting socio-economic development, the PM asked ministries,sectors, and localities to exert every effort to address the consequences of therecent natural disasters in the central region as quickly as possible, strictlymanage entry into and exit from Vietnam, create favourable conditions forforeign experts and investors to enter the country, and act faster when newinfections are identified.
He called on the entire political system tospeed up economic recovery towards growth of 2-3 percent by fostering the disbursementof public investment, removing bottlenecks facing energy projects, boostingdomestic tourism stimulus programmes, and facilitating exports to keymarkets./.
VNA
