Sunday, May 28 2017

VietNamNews

PM wants growth of 6.7 per cent

Update: March, 02/2017 - 05:00
The Tax Department in Hà Nội. Prime Minister Nguyễn Xuân Phúc applauded central and local agencies that got down to business after the Lunar New Year holiday. —VNA/VNS Photo Hoàng Hùng
Viet Nam News

HÀ NỘI – Prime Minister Nguyễn Xuân Phúc urged Government members to take drastic measures to attain the targeted growth rate of 6.7 percent this year at the Cabinet’s February meeting in Hà Nội yesterday.

Although Việt Nam’s economy has maintained good growth, no foreign organisations have forecast 6.7-percent growth for the country in 2017, showing the challenge facing the Government, he said.

He noted the stable macro-economy, US$2.2 billion of foreign direct investment, an increase in the number of new businesses, and controlled inflation with consumer price index expansion of 0.23 percent in February as positive signs.

However, the international situation remains volatile, with the resurgence of protectionism and the price increase of crude oil and basic materials both threats.

He asked Government members to assess the domestic and global situation to make appropriate moves to promote growth, macro-economic stability and the economic competitiveness.

Solutions should be devised to address problems like low agricultural product prices in the domestic market and low labour productivity, especially in agriculture and rural areas.

PM Phúc told authorities at all levels to pay attention to material prices and dollar interest rates to keep inflation below 4 percent this year – a target that, according to foreign experts, will not be easy to realise.

Therefore, close coordination among ministries and sectors toward appropriate solutions are necessary, he added.

He applauded central and local agencies, which immediately got down to business after the weeklong Lunar New Year holiday.

During the morning session, the Government discussed law-making issues with a draft revised law on public debt management the first to be tabled.--VNS

 

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