PM requests economic stimulation, inflation control
Prime Minister Nguyen Xuan Phuc has called for the continued study of fiscal and monetary policies to stimulate the country’s economy while ensuring macro-economic stability and inflation control.
Prime Minister Nguyen Xuan Phuc (middle) at the event (Photo: VNA)
Hanoi (VNA) - Prime Minister Nguyen XuanPhuc has called for the continued study of fiscal and monetary policies tostimulate the country’s economy while ensuring macro-economic stability and inflationcontrol.
Concluding the regular Government session onsocio-economic affairs on September 4, the PM directed localities to speed upthe progress of public i🅠nvestment capital disbursement, cut lending rates, boost exports,𒐪stimulate domestic consumption, and attract social investment.
Because of COVID-19, further attention must be paid tothe digital economy and strategy, and the restructuring ofmanufacturing and agriculture and rural development towards building aself-sufficient economy with less reliance on imported materials, he said.
He assigned the Government, ministries, agencies, andlocalities, particularly major cities such as Hanoi and HCM City, tocontinue removing difficulties for businesses and effectively implement existing aid packages꧑.
The State Bank of Vietnam (SBV) must soon amend CircularNo 01 to enable more people to delay debt repayments, thus preventing a surgein bad debts. He once again asked ministries, particularly theMinistry of Planning and Investment, to tap into opportunities from shifting supplychains and investment flows to attract selected FDI. Localities were advised to flexibly adjust planning onindustrial parks (IPs) and release a list of those with clear land andinfrastructure. Inorder to continue stimulating the domestic market. The PM urged the issuing of policiesrelating to domestic tourism, retail, transportation, lodging andaccommodation, health care, and education.
TheSBV was asked to complete a project and Decree on fintech (financialtechnology) regulations, bank lending, and electronic verification. TheMinistry of Information and Communications must soon submit a report on pilotingmobile money services, while the Ministry of Public Security must furtherhasten the progress of building a national personal identity database.
Regarding the resumption of commercial flights, he reiterated the need toprevent the pandemic from spreading. The Ministry of Health must propose aquarantine plan for expert👍s, investors, and skilled workers coming to🎐 Vietnam./.
The Vietnamese Embassy in Cairo held an event on September 1 to introduce the culture and image of Vietnamese people to local friends on the occasion of the 75th National Day of Vietnam.
The Saigon Children’s Charity organisation (Saigonchildren) said on September 3 that it has raised over 10 billion VND (434,000 USD) from domestic and foreign entities and individuals, equivalent to over 7,000 aid packages since April.
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.
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.
The Vietnamese Embassy advises the Vietnamese community living, studying, and working in Israel to strictly comply with directions from the Home Front Command and local authorities.
Lawmakers are set to vote on revisions and amendments to a broad spectrum of legal frameworks and impactful resolutions during the final week of the 15th NA's 9th session.
The State Committee for Overseas Vietnamese Affairs (SCOVA) has served as a bridge connecting and uniting the community with the homeland, becoming a trusted source of support for Vietnamese expats in times of hardship.
The programme to eliminate temporary and dilapidated houses has achieved notable results, with nearly 263,000 housing units addressed to date, including 225,000 houses inaugurated and 38,000 under construction. Thirty-eight provinces and cities across the nation have already fulfilled their targets.
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
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.
Prime Minister Nguyen Xuan Phuc (middle) at the event (Photo: VNA) 
