Sunday, December 15 2019

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PM orders hindrances be addressed to fuel growth

Update: April, 04/2019 - 15:29
Prime Minister Nguyễn Xuân Phúc has issued Directive 09/CT-TTg,  specifying solutions to remove obstacles to production and business activities so as to achieve this year’s growth target. — VNA/VNS Photo

HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has issued Directive 09/CT-TTg,  specifying solutions to remove obstacles to production and business activities so as to achieve this year’s growth target.

In this directive, he made clear that the gross domestic product (GDP) growth rate of 6.79 per cent in the first quarter of 2019 was lower than the predicted scenario.

Difficulties hampering economic growth had appeared, he said, noting that the expansion of processing and manufacturing had slowed down; the export of some key commodities had dropped; the disbursement of public investment capital, especially for major projects, had yet to meet expectations; while animal diseases, particularly African swine fever, had become complicated.

Therefore, to attain this year’s growth target of 6.8 per cent, tasks for the remaining months, including tackling hindrances to production and business and promoting economic growth, are “very heavy”, requiring stronger efforts by all sectors and authorities at all levels, PM Phúc emphasised.

He asked ministers, heads of governmental agencies, chairpersons of provincial-level localities’ administrations, and State-owned enterprises to concertedly and effectively implement tasks and solutions.

Noting seven solutions to facilitate production and business activities and economic growth, the directive underlined the need to step up institutional building.

It pointed to the necessity to strongly improve the investment and business climate, substantively reduce business conditions, reform administrative procedures, and remove production and business bottlenecks so as to create momentum for enterprises’ expansion.

Other solutions include taking drastic measures to control animal diseases; fostering agro-forestry-fishery development to serve export; and accelerating the disbursement of capital for big industrial projects. VNS 

 

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