Cabinet meeting: economy keeps on track

Cabinet meeting: Vietnam’s economy keeps on track

July continues to see positive socio-economic development, heard a Cabinet meeting in Hanoi on July 30.
July continues to see positive socio-economic development, the Ministryof Planning and Investment reported to the regular Cabinet meeting whichopened in Hanoi on July 30.

The report noted that inflationremained under control with the rise in consumption price index (CPI)kept at low level; interest rates, foreign exchange rates and marketwere stable; and exports and services maintained good growth.

Thedisbursement of capital sources including FDI and ODA was at a goodpace, while the industrial sector, particularly the manufacturing andprocessing industries, continued its recovery.

At theopening session, Prime Minister Nguyen Tan Dung asked Cabinet membersto discuss major issues relating to economic restructuring, GDP growth,macro-economy and solutions for smooth operations of businesses.

He also required them to brainstorm over solutions to achieve thetarget of 5.8 percent GDP growth for this year and to removedifficulties for businesses.

In addition, he urged relevantministries and agencies to closely work together to carry out measuresensuring safety for over 1,500 Vietnamese guest workers in Libya.

Duringthe two days of sitting, Cabinet members will also debate some draftlaws on special consumption tax, labour hygiene and safety, maritime andisland environment and resources, and military service.-VNA

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Illustrative image (Photo: VNA)

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Prime Minister Pham Minh Chinh arrives in Kazan city of Russia (Photo: VNA)

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