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Vietnam Today

PM urges government members to reach 2020 targets

Released at: 17:40, 03/12/2019

PM urges government members to reach 2020 targets

PM Nguyen Xuan Phuc (standing) at the Government meeting for November (Photo: VNA)

Government's November meeting held on December 2.

by Long Van

At the government’s regular meeting for November held in Hanoi on December 2 under his chair, Prime Minister Nguyen Xuan Phuc expressed his delight over the positive development of the national economy in the last eleven months, in the context of a slowdown in global economic growth.

The Prime Minister was quoted by the Vietnam News Agency (VNA) as noting that at the recent 8th session of the National Assembly, legislators applauded the cabinet’s governance achievements as seen in the fulfillment of all the 12 targets, especially the growth target, set by the legislature.

He added, however, that certain problems must be addressed immediately and asked government members to work out new solutions and initiatives to accomplish all targets for 2020, in particular Vietnam’s ASEAN Chairmanship in 2020 and its non-permanent membership of the UN Security Council for 2020-2021, which he described as international positions with critically important roles amid a changing world.

He urged the agriculture and rural development sector to overhaul disease prevention and control and work harder to sustain Vietnam’s position as one of the leading agricultural product exporters in ASEAN.

The Prime Minister also pointed out that industrial production has decelerated in some sectors like motorcycles, automobiles, and fertilizer production, and there hasn’t been much progress made in the disbursement of public investment capital.

He requested all-level authorities and sectors to step up FDI attraction and further deal with pressing cultural, social, environmental, and security issues.

During the meeting, according to VNA, participants reviewed attainments over the last eleven months and discussed measures to perform tasks for next year.

Vietnam’s macroeconomy has remained stable. It attracted $31.8 billion in FDI in the period, up 3 per cent year-on-year, while FDI disbursement reached $17.6 billion.

Exports saw good growth, with a $9.2 billion trade surplus posted. Revenues from the retail of goods and services rose 11.8 per cent.

The index of industrial production expanded 9.3 per cent, and newly-established enterprises in the period numbered 126,700.

November’s CPI was up 0.96 per cent from the previous month, while the CPI for the January-November period increased by a three-low of 2.57 per cent on a yearly basis.

The number of foreign arrivals reached almost 16.2 million, up 15.4 per cent against the same period last year.

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