Vietnam’s economy – a bright spot in volatile world: gov't meeting

Removing bottlenecks for local production and business activities must receive top priority so as to promote the economic development, Prime Minister Nguyen Xuan Phuc said at the monthly government meeting on December 2.
Vietnam’s economy – a bright spot in volatile world: gov't meeting ảnh 1Prime Minister Nguyen Xuan Phuc at the monthly government meeting on December 2. (Photo: VNA)

Hanoi (VNA) – Removing bottlenecks for local production andbusiness activities must receive top priority so as to promote the economicdevelopment, Prime Minister Nguyen Xuan Phuc said at the monthly governmentmeeting on December 2.

Reports from relevant ministries and sectors showed that the Vietnamese economycould expand 2.5-3 percent in 2020, while many international organisationsforecast it could grow 2.5-2.8 percent in the year, the PM added.

Amidst complicated developments of the COVID-19 pandemic, Vietnam remains abright spot in the global economy thanks to its positive economic signs duringJanuary-November, including stable macro economy and low inflation rate.

In the 11-month period, trade surplus swelled to a record of 20.1 billion USD,he said, adding 31 groups of commodities joined the over-one-billion-USD club,accounting for 92 percent of the total export revenue.

Disbursement of public capital was pushed ahead, reaching 79.3 percent of theyearly plan and up 34 percent as compared to the same time last year, he said.

PM Phuc laid stress on robust industrial production, which grew 9.2 percentyear-on-year, and the upwards trend of trade and service activities inNovember, with total retail sales of goods and services in the month rising by8.5 percent.

At the meeting, PM Phuc also recalled the success of the 37th ASEAN Summit andrelated meetings, including the adoption of record 84 documents and signing ofthe Regional Comprehensive Economic Partnership (RCEP) that creates a marketcovering nearly half of the world’s population, or about 2.2 billion people.

Regarding the settlement of consequences of natural disasters and floods, theGovernment took timely response to emergency cases, and granted nearly 16,000tonnes of rice and some 1.3 trillion VND to support flood-hit region.

Regarding the recent COVID-19 community infection case, he underlined the needto quarantine, and emphasising the definition of the cause, and strictpunishment for violations of COVID-19 prevention rules committed byindividuals. He also asked localities nationwide to stay vigilant to preventthe pandemic.

In addition, he asked relevant authorities to ensure safety and success for theupcoming important events in December, such as the second National Congress ofVietnamese Ethnic Minorities, and the 10th National Patriotic EmulationCongress./.
VNA

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