Prime Minister Nguyen Xuan Phuc (middle) at the meeting (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc wasworried about the slow disbursement of public investment capital while chairingthe government’s regular meeting in Hanoi on October 3, noting that only 55percent of the year’s investment plan has been disbursed so far.
Urging sectors and localities to accelerate the work, the PMinstructed that capital that cannot be disbursed as scheduled should be usedfor other urgent issues.
The Government leader also expressed dissatisfaction at theslow pace in equitisation of State owned enterprises (18 out of 44 targetedSOEs) and divestment of state capital (11.8 trillion VND out of the planned 60trillion VND).
Reviewing socio-economic performance, the PM lauded the breakthrougheconomic growth of 7.46 percent in the third quarter, higher than 5.15 percentin the first quarter and 6.28 percent in the second.
He said with such momentum and provided that there is nomajor natural disaster, the government could fulfill targets assigned by theParty Central Committee and the National Assembly. He underlined the remarkablefact that the growth is mostly driven by production and services instead ofcredit and mining.
The leader informed that the World Economic Forum recently liftedVietnam up five places in the competitiveness index. Compared to 5 years ago, Vietnamhas climbed up 50 places in the index. The country also earned 53 points in thePurchasing Managers’ Index released by the Nikkei, the highest among ASEANmember states. Exports are expected to achieve 20-21 percent growth.
With the involvement of the entire political system, morethan 5,000 administrative procedures have been cut, making it easier forproduction and trade.
The macro-economy continues to be stable with inflation at3.79 percent in the first nine months. The State budget collection and creditsurged 14 and 12 percent, respectively. The major index of the stock markettopped 800 points, the highest since 2008. Foreign currency reserves surpassed44 billion USD while foreign direct investment soared 34 percent to roughly 26billion USD. Around 94,000 new businesses were established nationwide.
Culture, education, health care, national defence-securityand external relations also performed well, he said.
Despite the positive signs, the PM warned ministries andsectors not to forget that the growth rate must hit 7.4-7.5 percent in thefourth quarter in order to achieve a 6.7 percent goal for this year, with afocus on manufacturing and processing.
He asked ministries and agencies to discuss measures tofacilitate production, trade and export while making thorough preparations forthe upcoming fifth session of the 14th National Assembly.-VNA
Urging sectors and localities to accelerate the work, the PMinstructed that capital that cannot be disbursed as scheduled should be usedfor other urgent issues.
The Government leader also expressed dissatisfaction at theslow pace in equitisation of State owned enterprises (18 out of 44 targetedSOEs) and divestment of state capital (11.8 trillion VND out of the planned 60trillion VND).
Reviewing socio-economic performance, the PM lauded the breakthrougheconomic growth of 7.46 percent in the third quarter, higher than 5.15 percentin the first quarter and 6.28 percent in the second.
He said with such momentum and provided that there is nomajor natural disaster, the government could fulfill targets assigned by theParty Central Committee and the National Assembly. He underlined the remarkablefact that the growth is mostly driven by production and services instead ofcredit and mining.
The leader informed that the World Economic Forum recently liftedVietnam up five places in the competitiveness index. Compared to 5 years ago, Vietnamhas climbed up 50 places in the index. The country also earned 53 points in thePurchasing Managers’ Index released by the Nikkei, the highest among ASEANmember states. Exports are expected to achieve 20-21 percent growth.
With the involvement of the entire political system, morethan 5,000 administrative procedures have been cut, making it easier forproduction and trade.
The macro-economy continues to be stable with inflation at3.79 percent in the first nine months. The State budget collection and creditsurged 14 and 12 percent, respectively. The major index of the stock markettopped 800 points, the highest since 2008. Foreign currency reserves surpassed44 billion USD while foreign direct investment soared 34 percent to roughly 26billion USD. Around 94,000 new businesses were established nationwide.
Culture, education, health care, national defence-securityand external relations also performed well, he said.
Despite the positive signs, the PM warned ministries andsectors not to forget that the growth rate must hit 7.4-7.5 percent in thefourth quarter in order to achieve a 6.7 percent goal for this year, with afocus on manufacturing and processing.
He asked ministries and agencies to discuss measures tofacilitate production, trade and export while making thorough preparations forthe upcoming fifth session of the 14th National Assembly.-VNA
VNA
