Prime Minister Nguyen Tan Dung has pledged that the Government willpersist in drastically implementing set objectives, tasks and measuresin an effort to fulfill the 2013 socio-economic development plan at thehighest level.
In a recent interview granted to the VietnamNews Agency, PM Dung highlighted the immediate tasks of stabilising themacro economy, controlling inflation, removing difficulties forbusinesses, boosting growth and ensuring social welfare and security.
“The Government will continue to cut interest rates, increaselending in priority sectors, stabilise exchange rates and the foreignexchange market, effectively manage the gold market and closely controlthe State budget to ensure a balance between collection and spending,”he said.
He added that the Government will adopt taxincentives, put into operation credit organisations’ asset managementcompany which focuses on tackling bad debts and reducing inventories tomake it easier for companies to access loans.
It will continue removingdifficulties for the real estate market by effectively implementingcredit packages for social housing. In the meantime, the executive bodywill accelerate administrative reforms, especially simplifyingprocedures on credit lending, taxation, customs and property.
According to PM Dung, the Government will direct the implementation ofthe approved overall scheme on economic restructuring, focusing onpublic investment, State-owned enterprises and credit institutions.
It will get social welfare policies underway, adopt synchronous movesto deal with hospital overloads and improve medical treatment andeducation, especially tertiary and vocational training, and take care ofthose who rendered service to the nation while preventing naturaldisasters, reducing traffic accidents and ensuring social order andsafety.
“The Government will strengthen national defence andsecurity, improve the efficiency of external relations, maintainpolitical security and firmly safeguard national sovereignty,” hestressed.
Ministries, departments and localities will beinstructed to actively inform the media and the public of thegovernment’s policies and mechanisms as well as its settlement ofemerging issues to forge social unity, contributing to realising theplan, PM Dung said.
In the interview, the Government leaderhighlighted important achievements recorded during the first half ofthis year, which according to him, are attributable to the drasticimplementation of the Party and National Assembly’s Resolutions andefforts of the entire political system, ministries, departments,businesses and people nationwide.
He said inflation was undercontrol with the consumer price index in the January-June period up 2.4percent, the lowest increase in the last 10 years. Lending decreasedconsecutively while liquidity improved in the banking sector. Theexchange rate and foreign exchange market became stable and foreigncurrency reserves increased.
Exports topped 62 billion USD, up16 percent year-on-year. Foreign direct investment (FDI) jumped nearly16 percent to over 10 billion USD, of which over 5.4 billion USD hasbeen disbursed. The disbursement of official development assistance(ODA) was estimated at 2.2 billion USD, or 51.1 percent of the yearlytarget, marking a year-on-year rise of 10 percent.
During theperiod, the country’s GDP growth hit 4.9 percent. In the second quarter,the rate was 5 percent, higher than the first quarter’s 4.76 percent.
The index of industrial production rose over the months,reaching 6 percent in the second quarter, higher than 4.5 percent in thepreceding three months. Inventories fell, and despite unfavourableweather conditions and slow consumption, the production value of theagro-forestry-fisheries sector inched up 2.4 percent.
Totalsales of services grew by 6.16 percent in the second quarter, higherthan the previous quarter’s 5.65 percent, pushing the six-month rate to5.92 percent, higher than 5.29 percent recorded during the same periodlast year.
The Government paid special attention to ensuringsocial welfare and security, especially for welfare beneficiaries, thepoor and ethnic minorities. Total lending as of late June was estimatedto surge 10 percent year-on-year to over 118 trillion VND (5.6 billionUSD), focusing on poor households, students and job creation.
Regular allowances worth 9 trillion VND (428 million USD) were earmarkedfor 2.5 million people and 45,000 tonnes of rice were allocated to thepoor. Over 720,000 new jobs were created during the period.
Apart from existing policies, a string of new incentives came intoeffect to provide housing for citizens who rendered services to thecountry and improve health insurance for the needy. Another 23 poordistricts received aid in infrastructure building and 154 communes wereadded to the list of those with special difficulties, making it easierfor them to access funding for production and infrastructureconstruction.
As a result, Vietnam’s poverty reduction was hailed by the international community, the PM stressed.
He said the country accelerated administrative reforms, handling ofdenunciations, corruption fight, thrift practice and wastefulnessprevention. External relation efforts were strengthened while nationaldefence, security, social safety and order were ensured.
He,however, noted that the socio-economic climate remained tough with anunstable macro-economy and poor inflation control. Bad debts were stillhigh, credit growth was low and consumption faltered.
Economic growthwas equivalent to that of the same period last year. Jobs, incomes andthe lives of people have not yet improved significantly, especially poorhouseholds. Traffic accident fatalities climbed on an annual basis.
Regarding national defence, security and external relations, PMDung said over the past six months, the work has received due attentionand recorded important results, thus improving Vietnam’s role andposition in the international arena. By late June, Vietnam helddiplomatic ties with 181 countries and trade ties over 200 countries andterritories, hitting 126 billion USD.
With the establishmentof strategic and comprehensive partnerships with many countries, Vietnamhas proved itself as a responsible member of ASEAN and theinternational community for peace, cooperation and development, he said.
The nation has been active in international integration invarious realms as well as negotiations for free trade agreements,especially the Trans-Pacific Partnership, FTAs with the EU, the Republicof Korea and the Customs Union of Russia, Belarus and Kazakhstan, headded.
According to PM Dung, political security, social safetyand order have been ensured while national independence and sovereigntyhave been safeguarded.
Vietnam’s stance on peace, stability,equal and mutually beneficial cooperation for prosperity, maritime,security, safety and freedom in the East Sea on the basis ofinternational law, especially the 1982 United Nations Convention on theLaw of the Sea (UNCLOS), and the Declaration on the Conduct of Partiesin the East Sea (DOC) towards formulating a Code of Conduct in the EastSea (COC), have been hailed and supported by the internationalcommunity, he said.-VNA
In a recent interview granted to the VietnamNews Agency, PM Dung highlighted the immediate tasks of stabilising themacro economy, controlling inflation, removing difficulties forbusinesses, boosting growth and ensuring social welfare and security.
“The Government will continue to cut interest rates, increaselending in priority sectors, stabilise exchange rates and the foreignexchange market, effectively manage the gold market and closely controlthe State budget to ensure a balance between collection and spending,”he said.
He added that the Government will adopt taxincentives, put into operation credit organisations’ asset managementcompany which focuses on tackling bad debts and reducing inventories tomake it easier for companies to access loans.
It will continue removingdifficulties for the real estate market by effectively implementingcredit packages for social housing. In the meantime, the executive bodywill accelerate administrative reforms, especially simplifyingprocedures on credit lending, taxation, customs and property.
According to PM Dung, the Government will direct the implementation ofthe approved overall scheme on economic restructuring, focusing onpublic investment, State-owned enterprises and credit institutions.
It will get social welfare policies underway, adopt synchronous movesto deal with hospital overloads and improve medical treatment andeducation, especially tertiary and vocational training, and take care ofthose who rendered service to the nation while preventing naturaldisasters, reducing traffic accidents and ensuring social order andsafety.
“The Government will strengthen national defence andsecurity, improve the efficiency of external relations, maintainpolitical security and firmly safeguard national sovereignty,” hestressed.
Ministries, departments and localities will beinstructed to actively inform the media and the public of thegovernment’s policies and mechanisms as well as its settlement ofemerging issues to forge social unity, contributing to realising theplan, PM Dung said.
In the interview, the Government leaderhighlighted important achievements recorded during the first half ofthis year, which according to him, are attributable to the drasticimplementation of the Party and National Assembly’s Resolutions andefforts of the entire political system, ministries, departments,businesses and people nationwide.
He said inflation was undercontrol with the consumer price index in the January-June period up 2.4percent, the lowest increase in the last 10 years. Lending decreasedconsecutively while liquidity improved in the banking sector. Theexchange rate and foreign exchange market became stable and foreigncurrency reserves increased.
Exports topped 62 billion USD, up16 percent year-on-year. Foreign direct investment (FDI) jumped nearly16 percent to over 10 billion USD, of which over 5.4 billion USD hasbeen disbursed. The disbursement of official development assistance(ODA) was estimated at 2.2 billion USD, or 51.1 percent of the yearlytarget, marking a year-on-year rise of 10 percent.
During theperiod, the country’s GDP growth hit 4.9 percent. In the second quarter,the rate was 5 percent, higher than the first quarter’s 4.76 percent.
The index of industrial production rose over the months,reaching 6 percent in the second quarter, higher than 4.5 percent in thepreceding three months. Inventories fell, and despite unfavourableweather conditions and slow consumption, the production value of theagro-forestry-fisheries sector inched up 2.4 percent.
Totalsales of services grew by 6.16 percent in the second quarter, higherthan the previous quarter’s 5.65 percent, pushing the six-month rate to5.92 percent, higher than 5.29 percent recorded during the same periodlast year.
The Government paid special attention to ensuringsocial welfare and security, especially for welfare beneficiaries, thepoor and ethnic minorities. Total lending as of late June was estimatedto surge 10 percent year-on-year to over 118 trillion VND (5.6 billionUSD), focusing on poor households, students and job creation.
Regular allowances worth 9 trillion VND (428 million USD) were earmarkedfor 2.5 million people and 45,000 tonnes of rice were allocated to thepoor. Over 720,000 new jobs were created during the period.
Apart from existing policies, a string of new incentives came intoeffect to provide housing for citizens who rendered services to thecountry and improve health insurance for the needy. Another 23 poordistricts received aid in infrastructure building and 154 communes wereadded to the list of those with special difficulties, making it easierfor them to access funding for production and infrastructureconstruction.
As a result, Vietnam’s poverty reduction was hailed by the international community, the PM stressed.
He said the country accelerated administrative reforms, handling ofdenunciations, corruption fight, thrift practice and wastefulnessprevention. External relation efforts were strengthened while nationaldefence, security, social safety and order were ensured.
He,however, noted that the socio-economic climate remained tough with anunstable macro-economy and poor inflation control. Bad debts were stillhigh, credit growth was low and consumption faltered.
Economic growthwas equivalent to that of the same period last year. Jobs, incomes andthe lives of people have not yet improved significantly, especially poorhouseholds. Traffic accident fatalities climbed on an annual basis.
Regarding national defence, security and external relations, PMDung said over the past six months, the work has received due attentionand recorded important results, thus improving Vietnam’s role andposition in the international arena. By late June, Vietnam helddiplomatic ties with 181 countries and trade ties over 200 countries andterritories, hitting 126 billion USD.
With the establishmentof strategic and comprehensive partnerships with many countries, Vietnamhas proved itself as a responsible member of ASEAN and theinternational community for peace, cooperation and development, he said.
The nation has been active in international integration invarious realms as well as negotiations for free trade agreements,especially the Trans-Pacific Partnership, FTAs with the EU, the Republicof Korea and the Customs Union of Russia, Belarus and Kazakhstan, headded.
According to PM Dung, political security, social safetyand order have been ensured while national independence and sovereigntyhave been safeguarded.
Vietnam’s stance on peace, stability,equal and mutually beneficial cooperation for prosperity, maritime,security, safety and freedom in the East Sea on the basis ofinternational law, especially the 1982 United Nations Convention on theLaw of the Sea (UNCLOS), and the Declaration on the Conduct of Partiesin the East Sea (DOC) towards formulating a Code of Conduct in the EastSea (COC), have been hailed and supported by the internationalcommunity, he said.-VNA
