Deputy PM: public investment, national infrastructure key for 2019

Deputy PM: public investment, national infrastructure key for 2019 economy

Deputy Prime Minister Vuong Dinh Hue has said that clearing barriers to national infrastructure work and placing a focus on public investment allocation are important tasks for the Vietnamese economy in 2019.
Deputy PM: public investment, national infrastructure key for 2019 economy ảnh 1 Deputy Prime Minister Vuong Dinh Hue at the event (Source: VNA)
Hanoi (VNA) – Deputy Prime Minister Vuong DinhHue has said that clearing barriers to national infrastructure work and placinga focus on public investment allocation are important tasks for the Vietnameseeconomy in 2019.

Speaking at a teleconference held in Hanoi on January 16 toreview the Ministry of Planning and Investment (MPI)’s 2018 activities andlaunch its 2019 tasks, the Deputy PM said the year ahead is especiallyimportant to realising the 2016-2020 socio-economic development plan, requiringthe economy to make more powerful acceleration as it prepares to enter the newdecade.

He assigned the MPI to devise the 2020-2025 mid-term publicinvestment policy to submit to the National Assembly for consideration duringthis tenure.

The official reminded the General Statistics Office topublish a white paper on the Vietnamese business situation in the first quarterof the year, in order to improve the quality of institutional reform and fullytap opportunities arising from the Fourth Industrial Revolution.

2018 was the first year that all the targets assigned by theNA were met and surpassed, along with a gross domestic product (GDP) growth of7.08 percent – an 11-year record and higher than forecasts by domestic andforeign organisations. The consumer price index was also curbed at 3.54 percent,while growth quality improved.

The Government recently issued Resolution No.01/NQ-CP onmeasures to carry out the socio-economic development plan and State budget projectionfor 2019, reflecting the determination to continue the course of reform andhigh consensus in the Cabinet.

Minister of Planning and Investment Nguyen Chi Dung vowed toclosely follow the Government’s motto of discipline, integrity, action,creativity, acceleration, and effectiveness, adding that focus will be placedon synchronously taking measures set in resolutions by the Party CentralCommittee, the NA, and Government, particularly Resolution No.01/NQ-CP datedJanuary 1, 2019.

Accordingly, the MPI will closely monitor the macroeconomicsituation and developments in sectors under its management towards achieving aGDP growth of nearly 6.8 percent and curbing the CPI below 4 percent.

It will also take stern action on public investmentallocation, effectively use public assets, and closely monitor publicinvestment disbursement in ministries, agencies, and localities, thus enablingit to offer timely suggestions to the Government and the Prime Minister.

In order to fulfill the 2019 socio-economic targets, representativesof localities suggested that the MPI continue refining socio-economicdevelopment schemes and building decrees that guide law enforcement.

Several opinions proposed that provincial People’s Committeesshould be empowered to decide on investment in industrial zones which are beingplanned, as approved by the PM. –VNA 
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