The central city of Da Nang saw its GRDP for the first half of the year contract by 3.61 percent from the same period in 2019, the first time since the city became a centrally-run locality in 1997.
The Government should take the initiative in building short- and long-term scenarios for socioeconomic development and review major targets of the economy for 2020 and 2016-2020, which will be the basis for adjusting targets, law makers said at the NA Standing Committee’s meeting on May 15.
Prime Minister Nguyen Xuan Phuc has recently urged Hanoi to build development scenarios at different levels amid big changes in the world, regional and national economies to take advantage of all new opportunities and overcome difficulties to contribute more to the national development.
Vietnam is giving priority to developing the domestic market as the risk of COVID-19 gradually falls, Deputy Minister of Planning and Investment Tran Quoc Phuong said at a press conference after the regular Government meeting on May 5.
PM Nguyen Xuan Phuc asked ministries and sectors to work together to build growth scenarios for each sector and field and report to him every quarter, towards realising the growth targets in 2017.
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