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Minister: Gov’t requests immediate implementation of growth promotion measures

The Government has directed ministries, agencies, businesses, localities and people to keep up with efforts to fulfil both goals of containing COVID-19 outbreak and socio-economic development, according to Minister and Chairman of the Government Office Mai Tien Dung.
Minister: Gov’t requests immediate implementation of growth promotion measures ảnh 1At the press conference (Photo: VNA)
Hanoi (VNA) – The Government has directedministries, agencies, businesses, localities and people to keep up with effortsto fulfil both goals of containing COVID-19 outbreak and socio-economicdevelopment, according to Minister and Chairman of the Government Office MaiTien Dung.

Speaking at a regular press conference in Hanoi on March 3following the Cabinet meeting, the minister said the PM had instructed theimmediate implementation of measures to step up production restructuring and removedifficulties for business and production, intensify administrative procedurereform, accelerate public investment disbursement and facilitate credit access. 

According to him, aviation, tourism and transport sectorsfell into difficulties when many important markets and partner countries suchas the Republic of Korea, Japan and European countries were hard hit by theepidemic. Businesses in manufacturing and processing sector also faced theshortage of materials.

At the same time, the minister highlighted bright spots inthe socio-economic situation in the first two months of the year.

Despite slower growth in several sectors, the monetary andcredit market was basically stable. The consumer price index in February 2020went down 0.17 percent month-on-month.

Exports picked up 2.4 percent year-on-year to 36.9 billionUSD. The index of industrial production rose by 8.4 percent month-on-month and23.7 percent year-on-year. The two-month index moved up an estimated 6.2percent.

Over 17,400 new firms were established with a registeredcapital of nearly 364 trillion VND (15.8 billion USD), up 9.1 percent in volumeand 47.1 percent in value.

Around 12,000 enterprises resumed operations, up 17.1percent.

The minister also said the Government lauded the nationalsteering committee, local administrations, business community and people in thefight against the COVID-19 epidemic./.
VNA

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