Business

PM urges resolve to prevent negative growth

Prime Minister Nguyen Xuan Phuc on August 2 again called for resolve to perform the dual tasks of containing COVID-19 and preventing negative economic growth, in the context of the pandemic returning in the country with complexity. ​
PM urges resolve to prevent negative growth ảnh 1Prime Minister Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA)

Hanoi (VNA) – Prime Minister Nguyen XuanPhuc on August 2 again called for resolve to perform the dual tasks of containingCOVID-19 and preventing negative economic growth, in the context of thepandemic returning in the country with complexity.

He said more efforts are needed to accelerate publicinvestment disbursement, better implement both financial and fiscal policiesand push ahead with investment attraction, especially capital flows from theprivate sector and foreign businesses.  

With free trade agreements like the EU-Vietnam FreeTrade Agreement (EVFTA), the Comprehensive and Progressive Agreement forTran-Pacific Partnership (CPTPP), Vietnam needs to enhance exports and expandthe market, he suggested, asking the Ministry of Industry and Trade to putforth more specific measures on domestic consumption stimulation.

The PM noted that with the return of the pandemic,stimulus measures need to be adjusted in accordance with the priority ofpreventing the disease from spreading. He urged ministries and agencies tofirstly adopt measures to ensure socio-economic security and safety, protectvery economic sector, especially businesses, and prevent widespreadunemployment.

Ministries need to map out suitable growth scenariosand better coordinate in the statistics work, he said.

PM Phuc singled out limitations in statistics work,citing as an example the gap in export-import statistics provided by differenceagencies, partially due to the inefficient coordination between the GeneralDepartment of Vietnam Customs, the General Statistics Office, the Ministry ofIndustry and Trade and the Ministry of Finance.

He also requested the Ministry of Finance and theState Bank of Vietnam to update monetary, credit and State budget statisticsmore quickly.
The PM stressed that statistical data must be accurate andcomplete, in accordance with the law.

The Government leader repeated his request thatministries review and update growth scenarios for the third quarter, the wholeyear and 2021, along with measures to support the national economy,enterprises, cooperatives, business households and labourers./.
VNA
#Prime Minister Nguyen Xuan Phuc #COVID-19 #negative economic growth #EVFTA #CPTPP #Vietnam #VietnamPlus #Vietnam news
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