PM asks for detailed development scenarios for realising growth target
PM Nguyen Xuan Phuc asked ministries and sectors to work together to build growth scenarios for each sector and field and report to him every quarter, towards realising the growth targets in 2017.
Prime Minister Nguyen Xuan Phuc speaks at the meeting (Source: VNA)
Hanoi (VNA) - Prime MinisterNguyen Xuan Phuc has asked ministries and sectors to work together to build growthscenarios for each sector and field and report to him every quarter, towardsrealising the targets of a 6.7 percent growth and 4 percent inflation in 2017.
The PM made the instruction at February’sregular cabinet meeting in Hanoi on March 1.
According to a report from the Ministryof Planning and Investment, industrial production showed signs of decline asthe industrial production index increased only 2.4 percent in the first twomonths of this year, much lower than the 6.8 percent growth in the same periodlast year.
The national retail value of goods and services rose 8.7 percent, also lower thanthe 9.3 percent rise one year ago.Budget collection fulfilled 11 percent of the target set for the year, droppingby 17.7 percent year on year.
The good news was that export turnover recorded a good yearly growth of 15percent, hitting 27 billion USD. The number of newly-established enterprises increased by 3.9percent to around 14,500, with a total registered capital of 152 trillion VND (nearly6.69 billion USD). The number of tourists also registered a 33 percent growth. February’s consumer price index (CPI) increased 0.69 percentcompared to December last year.
PM Phuc was of the view that the socio-economic growth pace is basicallypositive despite low increase or even reduction in some sectors or products. He stressed the need to ensure stable macro-economy, curbinflation and maintain economic growth, calling for more drastic efforts to realiseset goals for the year. The PM asked the State Bank to work with relevant ministriesand sectors to control inflation at 4 percent, ensure the liquidity of creditinstitutions, and support enterprises in accessing loans.
He also reminded the bank to early build an assistance package for high-techagriculture with a minimum capital of 100 trillion VND (4.4 billion USD), andpay more attention to the settlement of bad debt and restructuring ofinefficient commercial banks.
The Ministry of Finance was requested to keep public debt at a safe level, andprevent transfer pricing, whilst the Ministry of Industry and Trade was askedto roll out measures to stimulate the retail market, promote consumption andsolve difficulties for industrial sectors. -VNA
Prime Minister Nguyen Xuan Phuc requested all-out efforts to achieve 6.3-6.5 percent growth this year during a monthly Government meeting in Hanoi on October 3.
Cabinet members sought ways for achieving an economic growth target of 6.3-6.5 percent in 2016 during the second working day of the Government’s monthly meeting in Hanoi on October 4.
The Government has issued a plan of action for 2016-2021, focusing on six major tasks, including the implementation of measures to reform the growth model and improve the quality of growth.
The Government will continue efforts to complete institutions in 2017 to facilitate activities of citizens and businesses, Minister-Chairman of the Government Office Mai Tien Dung said.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
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.
Prime Minister Nguyen Xuan Phuc speaks at the meeting (Source: VNA) 
