Substantial measures needed to achieve highest possible economic growth: PM
Prime Minister Nguyen Xuan Phuc has urged Government members to find substantial economic stimulus measures to achieve the highest possible economic growth rate this year.
Prime Minister Nguyen Xuan Phuc speaks at the regular Government meeting on September 4 (Source: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has urged Governmentmembers to find substantial economic stimulus measures to achieve the highestpossible economic growth rate this year.
Chairing a regular Government meeting onSeptember 4 to assess the socio-economic development situation in August andthe first eight months of 2020, PM Phuc said that last month, a new wave of theCOVID-19 pandemic spread to 15 provinces and cities nationwide.
However, thanks to drastic and synchronousmeasures, the disease has been basically put under control again and thecountry’s development pace has been maintained, he said.
According to him, amid the COVID-19 outbreak,the macro-economy remains stable and the monetary policy has well servedmacro-economic stability. Foreign exchange reserves now reach 92 billion USDand are expected to top 100 billion USD this year. August’s CPI increased by0.07 percent. Agriculture continues to be a pillar assisting the economy and isstriving for a growth rate of 2.6-2.8 percent in 2020. Vietnam also enjoyed atrade surplus of 11.9 billion USD during January-August.
Public investment disbursement has improvedclearly, and many localities are determined to disburse all public investmentsthis year. The total volume of FDI registered in the period reached 19.5billion USD.
The prestige and position of Vietnam wasconsolidated in the international arena in the “new normal” context, Phucstated.
The Government leader asked Governmentmembers and localities to focus on how to address problems in industrialproduction, trade and services, particularly in tourism and consumption.
Production and business activities stillface many difficulties, especially for small- and medium-sized enterprises,Phuc noted, adding that the risk of unemployment in urban areas remainsalarming and natural disasters and climate change continue developingcomplicatedly.
He asked for ideas to perfect policiessupporting production and business for all economic sectors, labourers, andboth domestic and overseas investment activities.
It is necessary to carry out strongeradministrative reform to free up capital resources to motivate development, hestressed.
Emphasising the determination to continueworking on the dual targets of disease prevention and economic development, theGovernment leader highlighted the need for more measures to stimulate economicgrowth in both demand and supply./.
Problems remain in the implementation of Hanoi’s middle-term public investment plan for the 2016-2020 period, Vice Chairwoman of the municipal People’s Council Phung Thi Hong Ha said.
The Japan International Cooperation Agency (JICA) is proud to be part of Vietnam’s socio-economic development progress, said Chief Representative of JICA in Vietnam Shimizu Akira in an exclusive interview with the Vietnam News Agency (VNA).
Smart cities hold the answer to the modern world's problems including rising population, pollution, traffic congestion, climate change and even global-scale disasters such as the COVID-19 pandemic, according to experts.
Since the Democratic Republic of Vietnam was established on September 2, 1945, the country has risen from a zero-budget nation, which had to call for contributions from citizens, to a middle-income country with a dynamic economy.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
The ministry has instructed Vietnamese representative agencies in Israel, Iran, as well as those in neighbouring countries, to closely monitor the situation and request local authorities to ensure absolute safety for Vietnamese citizens living, studying, and working in high-risk areas.
Prime Minister Nguyen Xuan Phuc speaks at the regular Government meeting on September 4 (Source: VNA) 
