Government needs to boost macro-economic stability
The Government should enhance macro-economy stability to strengthen the national economy when risks are yet to appear, said members of the National Financial and Monetary Policy Advisory Council at a meeting on July 2.
Deputy Prime Minister Vuong Dinh Hue speaks at the meeting (Photo: VGP)
Hanoi (VNA)– The Government should enhance macro-economy stability to strengthen thenational economy when risks are yet to appear, said members of the National Financialand Monetary Policy Advisory Council at a meeting on July 2.
The meeting, under the chair of Deputy Prime Minister Vuong Dinh Hue, pooledopinions to serve the Government’s meeting with localities on July 4.
In the first half of this year, the country posted a GDP growth rate of 6.76percent, ran a trade surplus of 1.64 billion USD, and faced an inflation of2.64 percent.
The state budget collection met 53 percent of the plan, public debts accountedfor 57-58 percent of GDP, and Government debts made up 49 percent of GDP.
The council’s members agreed that signs of macro-economic stability risks areyet to appear, but pointed out the growth-driven sectors, like agriculture,industry and services, had slower growth rates than 2018, exports tended to godown, and public- private partnership and private-invested projects coped withhindrances.
They suggested the Government continue following closely trade and investmentdevelopments in the world to stabilize the macro-economy, while reinforcing theinternal elements to deal with external impacts, facilitating trade and at thesame time controlling trade frauds.
The Government and the State Bank of Vietnam need to pay attention to projectedimpacts of new virtual currencies to be appeared in the world on the country’sfiscal and monetary policies, they said, urging the quick issuance of legalregulations on cashless payment and the fine-tuning of the legal system oninvestment, businesses, public-private partnership, among others.-VNA
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Deputy Prime Minister Vuong Dinh Hue speaks at the meeting (Photo: VGP) 
