Prime Minister Nguyen Xuan Phuc is speaking (Source:VNA)
 
Hanoi (VNA) - Focusing on business production development and creating a healthier business environment remain major requirements for all departments and sectors, Prime Minister Nguyen Xuan Phuc said.

He made the statement at the cabinet meeting in Hanoi on March 1.

The Prime Minister said many countries in the world are adjusting their economic policies, including reducing corporate income tax, increasing imported goods tax and setting up trade barriers. Such factors would certainly impact Vietnam’s economic prospect.

Thus, he urged economic restructuring, increasing labour productivity, attracting more foreign investment, improving domestic production efficiency and better Government policies in socio-economic management in the context of the fourth industrial revolution.

The PM called for bottlenecks in production of small-and medium-sized enterprises to be removed to drive growth in 2018.

He expressed his delight at seeing business activities promptly resuming after the festival.

Regarding the country’s development in February, the PM said despite the week-long Tet holiday, the macro economy, as well as interest and foreign exchange rates remained stable.

February’s consumer price index (CPI) increased by 0.73 percent, with food and catering services up 1.53 percent. The index in the first two months of this year rose by 2.9 percent year-on-year.

The leader also commented on exports in February, which stood at some 13.4 billion USD, raising the total export value in the two months to 33.6 billion USD, up nearly 23 percent year-on-year. The number of foreign visitors to Vietnam was 1.43 million, increasing by 19.4 percent compared to last year’s period.

He recognised achievements in various fields from foreign direct investment disbursement, business establishment, social welfare and rural development to defence-security.

However, he warned about fluctuations in global prices and asked ministries and departments to maximise efforts to curb inflation and ensure macro-economic stability.- VNA