Cabi­net meet­ing: econ­omy on track

Viet Nam News - - Front Page -

— Pos­i­tive signs con­tin­ued in July for the coun­try ’ s so­cio- eco­nomic devel­op­ment, the Min­istry of Plan­ning and In­vest­ment told a reg­u­lar cabi­net meet­ing which opened in Haø Noäi yes­ter­day.

In a re­port de­liv­ered at the meet­ing, the min­istry noted that in­fla­tion re­mained un­der con­trol and that the con­sumer price in­dex had ex­pe­ri­enced mod­est growth. In­ter­est rates, for­eign ex­change rates and lo­cal mar­kets were sta­ble, while ex­ports and ser­vices achiev­ing strong growth.

The coun­try had also seen a trade sur­plus of US$1.26 bil­lion in the first seven months of this year.

The dis­burse­ment of cap­i­tal sources in­clud­ing for­eign di­rect in­vest­ment (FDI) and of­fi­cial devel­op­ment as­sis­tance (ODA) was steady at $6.8 bil­lion, an in­crease of 2.3 per cent on the same pe­riod last year.

Mean­while, the in­dus­trial sec­tor, par­tic­u­larly the man­u­fac­tur­ing and pro­cess­ing in­dus­tries, con­tin­ued its re­cov­ery, the re­port said. In­dus­trial pro­duc­tion saw a 6.2 per cent in­crease this year...

... com­pared to the same pe­riod last year.

Prime Min­is­ter Nguyeãn Taán Duõng asked cabi­net mem­bers to dis­cuss ma­jor is­sues re­lat­ing to the re­struc­tur­ing of the econ­omy, GDP growth, the macro-econ­omy and mea­sures to stream­line busi­ness op­er­a­tions, while eye­ing the same goals set for 2014.

Among the tar­gets set for 2014, Vieät Nam hopes to achieve gross do­mes­tic prod­uct (GDP) growth of 5.8 per cent and keep in­fla­tion at 7 per cent.

The coun­try is also tar­get­ing a 10 per cent in­crease in ex­ports, in­clud­ing a trade deficit of 6 per cent of to­tal ex­port rev­enue. The coun­try is also hop­ing to meet a so­cial devel­op­ment cap­i­tal ra­tio of 30 per cent of GDP, a re­duc­tion in house­hold poverty of 1.7-2 per cent, and cre­ate 1.6 mil­lion new jobs.

Duõng also asked them to come up with so­lu­tions to achieve the tar- get of 5.8 per­cent GDP growth for the year and to re­move dif­fi­cul­ties for busi­nesses.

In ad­di­tion, he urged rel­e­vant min­istries and agen­cies to work to­gether to en­sure the safety of over 1,500 Viet­namese guest work­ers in Libya.

Dur­ing the two day meet­ing, Cabi­net mem­bers will also de­bate draft laws on a spe­cial con­sump­tion tax, labour hy­giene and safety, mar­itime and is­land en­vi­ron­ments and re­sources, and mil­i­tary ser­vice. —

– VNA/VNS Photo Ñình Hueä

Rice pack­ages are loaded into con­tain­ers at Nhaø Beø Port in HCM City. The first seven months of the year saw strong growth in ex­ports and ser­vices.

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