Cabinet rates socioeconomic performance positive

09:05 | 30/10/2015 Society

The Cabinet members agreed at their meeting on Thursday that the socioeconomic performance October was positive amid numerous difficulties and challenges.

Cabinet rates socioeconomic performance positive

PM Nguyen Tan Dung chairs the Cabinet meeting on October 29, 2015 - Photo: VGP

International organizations and institutions also rated Viet Nam’s economy positive in their recent reports.

As of mid-October, the country's import-export turnover valued US$257.46 billion, representing a year-on-year surge of 11.8% or US$27.22 billion, according to the General Department of Viet Nam Customs.  

The country gained US$2.55 billion from exporting agriculture-forestry-aquatic products in October, raising the total value in 10 months to US$24.61 billion, said the Ministry of Agriculture and Rural Development.

The General Statistics Office estimated that as many as 77,542 businesses were established over the past 10 months of 2015, with a total registered capital of VND486,100 billion, up 29.2%.

As falling oil prices and corporate income tax reduction have put pressure on the central budget, PM Nguyen Tan Dung urged inferior levels to take drastic measures to ensure budget balance in the last two months of this year.

The Government chief tasked inferior levels to closely monitor domestic and international market developments to ensure monetary market and exchange rate stability while focusing on improving business environment and competitiveness.

At the meeting, the Government decided that the upcoming Lunar New Year holiday will last for nine days, from February 6 until February 14, 2016./.

Source: VGP