PM optimistic about fulfilling 12 set targets this year

09:08 | 03/09/2018 Economy- Society

Prime Minister Nguyen Xuan Phuc has said that among 12 targets assigned by the National Assembly (NA) this year, eight are likely to be surpassed and the four others to be met. 

PM Nguyen Xuan Phuc at the event - Source: VNA

During a monthly Government meeting in Hanoi, the PM said this year’s gross domestic product may top 6.7 percent and State budget collection will be 3-5 percent higher than the estimate. Public debts are expected to decrease and inflation will be kept below 4 percent.

He spoke highly of the Vietnam Innovation Network initiated by the Ministry of Planning and Investment, the Ministry of Science and Technology and various localities, saying it reflects the Vietnamese Party and State’s attention to talented overseas Vietnamese who want to contribute to the nation.

The leader asked Cabinet members to give opinions on 10 contents to be submitted to the legislature at a late October session.

Reviewing the economic performance in August, he said the consumer price index moved up by only 0.45 percent from July, and is forecast to be below 4 percent for the year as assigned by the NA.

Also during the month, industry posted a growth of 13.4 percent, retail expanded by roughly 12 percent and imports-exports went up 14.5 percent. There were 25 kinds of goods earning more than US$1 billion from export, while the trade surplus hit US$2.8 billion.

Investment using State funds climbed 7 percent, bringing the eighth-month figure to 11.3 percent. Foreign direct investment topped US$19 billion, US$11.5 billion of which was disbursed. Foreign investors’ purchases of shares soared 50.9 percent to US$5.28 billion.

Foreign investors’ confidence in Vietnamese economy remains solid despite complex global developments, he said.

The PM expressed delight that there were more than 67,000 firms established in August, up 2.4 percent in volume and 6.9 percent in registered capital. Notably, some 21,000 enterprises resumed operations.

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Cabinet members were urged to give feedback on the socio-economic development plan for 2019 and orientations to 2019-2021.

Based on the past achievements, he suggested that this year’s growth should be 6.5-6.7 percent.

In the morning session, participants discussed mechanism building and several draft laws and documents.

Theo VNA