Prime Minister Nguyen Xuan Phuc at the meeting (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has asked ministries, agenciesand localities to do their best to reach the highest possible socio-economictargets this year.
During the monthly Government meeting in Hanoi on June 2, the PM said thanks toeffective epidemic prevention and control as well as economic recovery,Vietnam’s prestige on international arena has increasingly improved.
He notedthat the US’s Economics magazine had ranked Vietnam the 12th out of 66emerging economies in terms of financial health in early May. Recently, theUS’s S&P rankings maintained Vietnam’s sovereign credit rating at BB andits outlook at “stable”.
About challenges that must be overcome in the near future, he emphasized theCOVID-19 pandemic and the growing trade and technology tension between majoreconomies. At the same time, the country’s economic growth rate was lowerthan expected and industrial production dropped due to disrupted supply chains.Though the country ran a trade surplus of around 2 billion USD, the export of anumber of products saw strong reduction due to disruptions in the global supplychain while budget deficit surged, forecast to account for about 5 percent ofthe gross domestic product.
PM Phuc directed staying vigilant to the epidemic, especially in major citiesand populated areas.
He also required ministries, agencies and localities to step up the approvaland implementation of monetary, fiscal and social welfare support packages, whilecarrying out the Government’s Resolution 84 on removing difficulties faced bybusinesses, especially small and medium-sized enterprises.
Ministries and sectors were told to accelerate public investment disbursement,particularly transportation, airport and seaport projects while stimulating domesticconsumption and tourism demand, developing social housing for workers and thepoor.
Regarding the issue under the National Assembly’s supreme supervision, the Governmentleader requested taking stronger actions to prevent child abuse and protect children’srights.
In order to reduce pork prices, he suggested encouraging large-scale investmentin pig breeding, using modern technology and launching a movement on pig breeding on the back of African swine fever combat, as well as increasingpork import./.
