PM asks for greater efforts to promote sustainable growth
Prime Minister Nguyen Xuan Phuc has asked for stronger efforts from sectors to promote macroeconomic stability and control inflation towards fostering sustainable and comprehensive economic growth.
PM Nguyen Xuan Phuc speaks at the meeting (Source: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has asked for stronger efforts fromsectors to promote macroeconomic stability and control inflation towards fosteringsustainable and comprehensive economic growth.
Speaking at the regular monthly governmentmeeting in Hanoi on March 1, the PM pointed out several difficulties, includingthe slow disbursement of public investment capital and increased trade deficit, sayingthat business development and economic growth has not met the set targets.
He requested the Ministry of Planning and Investment (MPI) to work with prestigiousorganisations to assess, verify and announce the GDP figures for the country’s informaleconomic area in an objective and scientific manner using relevant data.
It is necessary to focus on measures to promote growth, he said, askingministries and sectors to seek methods and specific actions to overcome theshortcomings of the market economy.
In the face of challenges to the agriculture sector, the PM directed theMinistry of Agriculture and Rural Development (MARD) to coordinate withlocalities to speed up agricultural, forestry and fishery production.
He agreed to a number of measures from ministries and sectors to directly dealwith outbreaks of African swine fever (ASF) and foot-and-mouth disease (FMD), aiming to prevent further spreading.
PM Phuc stressed the need to strictly monitor gateways and trails, and give pricesupport to farmers.
A national campaign to raise public awareness of ASFprevention must be launched to stop the disease, he said.
He also directed the MARD to coordinate with the Ministry of Finance to buyrice for temporary storage inorder to ensure beneficial prices for farmers.
During the meeting, the PM asked the Government Inspectorateto supervise and speed up the implementation of inspections related to the Vietnam Feature Film Studio,Quy Nhon port, Thai Thai Nguyen Iron and Steel JSC, and Thu Thiem urban area.
The Ministry of Transport was required to report regularly on the implementationof the My Thuan-Can Tho expressway project to the PM.
PM Phuc asked the State Bank to work out measures to expand credit and reduceinterest rates for priority fields towards creating momentum for growth.
The PM also directedthe MPI to make the most of opportunities brought by the hosting of the second DPRK-USA Summit to roll out specific plansfor attracting foreign investment, especially multinational corporationsspecialising in the high-tech field.–VNA
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The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
PM Nguyen Xuan Phuc speaks at the meeting (Source: VNA) 
