Int’l organisations upbeat on Vietnam’s development prospects: PM

Hanoi – Many prestigious international organisations and experts have highly valued Vietnam’s development achievements and prospects, Prime Minister Pham Minh Chinh told a government meeting in Hanoi on August 3.

The leader cited forecast by Standard Chartered, VinaCapital, Hongkong and Shanghai Banking Corporation Limited (HSBC), and the Asian Development Bank (ADB) as saying Vietnam’s GDP will grow from 6.5pc to 6.9pc this year.

Vietnam has maintained macro-economic stability and major balances, and put inflation under control, creating an important foundation for rapid, sustainable socio-economic recovery and development, he emphasised.

Regarding tasks and solutions in the time ahead, the PM asked ministries and agencies to implement their set tasks and plans, and tackle both pending and emerging issues.

Priorities should be given to consolidating institutions, he said, urging ministries, agencies and localities to focus on socio-economic recovery and development, economic restructuring, growth model reform and improving the economy’s resilience, along with cultural development, environmental protection, national defence and security, external affairs, and the communication work.

At the government meeting (Photo: VNA)

Given the huge tasks ahead, the PM highlighted the role of heads of agencies, and the need to keep a close watch on the situation and set out feasible targets and solutions.

The Ministry of Planning and Investment reported at the meeting that the domestic monetary market has remained stable with credit growth of 9.42pc. Budget collection in the first seven months of this year fulfilled 77.8pc of the estimate and rose 18.1pc.

The index of industrial production (IIP) expanded 8.8pc during the seven-month period, and the rise was seen in 61 out of the 63 cities and provinces.

Export-import also increased 14.8pc, with export up 16.1pc and import up 13.6pc, and a trade surplus of 764 million USD.

Regarding the COVID-19 pandemic, the Ministry of Health said the country recorded more than 9 million cases between January and July, of which some 8.5 million have recovered. The death toll stood at nearly 11,000 or 0.1pc of the caseload.

As of July 31, Vietnam administered more than 246 million doses of COVID-19 vaccines, among the countries with the highest vaccination coverage worldwide as recognised by the World Health Organisation.

PM holds dialogue with RoK enterprises Prime Minister Pham Minh Chinh chaired a dialogue with the Republic of Korea (RoK)’s Ambassador Park Noh-wan and representatives of Korean associations and businesses in Vietnam in Hanoi on July 30.

PM urges Korean businesses to boost connectivity with Vietnamese firms Prime Minister Pham Minh Chinh has called on the Republic of Korea (RoK)’s enterprises to increase investment in Vietnam and boost connectivity with local firms so that Vietnam can soon become a hub in regional and global value chains.

Vietnam to clarify stance on US’ Indo-Pacific agenda Vietnam will soon decide on whether it will officially engage in the United States’ fresh economic cooperation framework which is hoped to help increase both economies’ investment and trade ties.

PM demands stronger action to disburse public funds Prime Minister Pham Minh Chinh on August 3 urged stronger determination, efforts and actions to disburse public investment as part of the Government’s main priorities.