Gov’t discusses socio-economic performance in five months

09:39 | 03/06/2016 Economy- Society

The Government on June 2 continued its regular monthly meeting, focusing on the socio-economic performance in May and over the recent five months of 2016 as well as measures to ensure the development goals in 2016 approved by the National Assembly.

Gov’t discusses socio-economic performance in five months

PM Nguyen Xuan Phuc raised difficulties and challenges such as high inflation rate, obstacles in production and manufacturing and low growths in industry, agriculture and services.

The PM emphasized the effort to strictly implement the tasks of 2016, with no change to development goals, and asked the Government members to discuss measures to stabilize the macro-economy and ensure high growth rate.

According to the report presented by Minister of Planning and Investment Nguyen Chi Dung, the Consumer Price Index (CPI) in May increased 0.54% compared to the previous month and up 1.88% against December last year.  The CPI in May witnessed a year-on-year increase of 2.28%.

The Index of Industrial Production (IIP) in May rose 2.4% against the previous month, making the IIP in five months of the year put up 7.5% compared to the same period last year.

The total retail sales and service revenue in five months hiked up 9.1% against the same period last year.

The trade surplus reached US$1.36 billion, equal to 2% of the export turnover.

The areas of labor, employment, social security and welfare gained positive achievements.

The Ministry of Planning and Investment proposed measures to curb inflation and stabilize the macro-economy (price, monetary, credit and State budget spending and revenue) to boost production and exports and control imports./.

 

Source: VGP

 

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