Prime Minister Nguyen Xuan Phuc (middle) at the meeting (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc directed not increasingelectricity prices this year, as one of measures to control inflation below 4percent as assigned by the National Assembly, during a monthly governmentmeeting in Hanoi on June 2.
Healso directed adjusting education and health care fees in an appropriate timeand managing credit for manufacturing and trade properly.
“It’s not easy to ensure the macro-economy is stable and the inflation rate isbelow 4 percent when the oil prices in the global market are soaring,” the PMstressed.
He warned some localities about being subjective in their management as itcould make it hard for the efforts to rein in inflation.
Reviewingsocio-economic performance in the first five months of this year, the PM laudedlocalities for striving to achieve economic growth.
Accordingto him, the Purchasing Managers’ Index (PMI) of Vietnam was up 53.9 point inMay, the highest in ASEAN. The total rice production increased by 1.1 milliontonnes during the winter-spring crop, fueling rice export and bringing higherincome to farmers.
Animalhusbandry and aquatic production were growing while new progresses were seen innew rural development.
Industrialproduction rose by 9.7 percent during the period, with manufacturing andprocessing up 11 percent.
Thetotal retail and consumer goods revenue hiked 10.1 percent. The total foreignarrivals in Vietnam was estimated at 6.7 million, up 27.6 percent year-on-year.Five-month exports surged 15.8 percent to 93.1 billion USD while trade surplusreached 3.4 billion USD. Foreign direct investment disbursement stood at 6.75billion USD, marking a nearly 9 percent increase.
Therewere around 53,000 newly-established enterprises and the total newly-registeredcapital neared 1.3 quadrillion VND.
However,public investment disbursement was nearly 29 percent of the set target, notonly in ministries, agencies but also in the capital city Hanoi and thesouthern metropolis Ho Chi Minh City, resulting in delayed construction andhigher costs.
ThePM requested continuing to attract domestic and foreign investment, and furtherraise industrial production index, especially in manufacturing and processing.
Thoughagricultural production prospered, cross-border trade in farm produce remains high.Moreover, forest exploitation and illegal logging still occurred in the CentralHighlands provinces of Dak Lak, Dak Nong and the northern province of Bac Kan.
Managementof lakes, dykes to brace for the rainy season, and traffic safety, especiallyin railways, remain complicated, he admitted.
Inadministrative reform, he urged creating a better business environment toachieve the goal of having 1 million businesses by 2020.
Ministriesand agencies were asked to review the first-half socio-economic and environmentperformance so as to fulfill this year’s assigned tasks.
Onthe occasion, he also assigned government members to make thorough reports inpreparation for question-and-answer sessions during the ongoing fifth sessionof the 14th National Assembly.-VNA
Healso directed adjusting education and health care fees in an appropriate timeand managing credit for manufacturing and trade properly.
“It’s not easy to ensure the macro-economy is stable and the inflation rate isbelow 4 percent when the oil prices in the global market are soaring,” the PMstressed.
He warned some localities about being subjective in their management as itcould make it hard for the efforts to rein in inflation.
Reviewingsocio-economic performance in the first five months of this year, the PM laudedlocalities for striving to achieve economic growth.
Accordingto him, the Purchasing Managers’ Index (PMI) of Vietnam was up 53.9 point inMay, the highest in ASEAN. The total rice production increased by 1.1 milliontonnes during the winter-spring crop, fueling rice export and bringing higherincome to farmers.
Animalhusbandry and aquatic production were growing while new progresses were seen innew rural development.
Industrialproduction rose by 9.7 percent during the period, with manufacturing andprocessing up 11 percent.
Thetotal retail and consumer goods revenue hiked 10.1 percent. The total foreignarrivals in Vietnam was estimated at 6.7 million, up 27.6 percent year-on-year.Five-month exports surged 15.8 percent to 93.1 billion USD while trade surplusreached 3.4 billion USD. Foreign direct investment disbursement stood at 6.75billion USD, marking a nearly 9 percent increase.
Therewere around 53,000 newly-established enterprises and the total newly-registeredcapital neared 1.3 quadrillion VND.
However,public investment disbursement was nearly 29 percent of the set target, notonly in ministries, agencies but also in the capital city Hanoi and thesouthern metropolis Ho Chi Minh City, resulting in delayed construction andhigher costs.
ThePM requested continuing to attract domestic and foreign investment, and furtherraise industrial production index, especially in manufacturing and processing.
Thoughagricultural production prospered, cross-border trade in farm produce remains high.Moreover, forest exploitation and illegal logging still occurred in the CentralHighlands provinces of Dak Lak, Dak Nong and the northern province of Bac Kan.
Managementof lakes, dykes to brace for the rainy season, and traffic safety, especiallyin railways, remain complicated, he admitted.
Inadministrative reform, he urged creating a better business environment toachieve the goal of having 1 million businesses by 2020.
Ministriesand agencies were asked to review the first-half socio-economic and environmentperformance so as to fulfill this year’s assigned tasks.
Onthe occasion, he also assigned government members to make thorough reports inpreparation for question-and-answer sessions during the ongoing fifth sessionof the 14th National Assembly.-VNA
VNA
