Deputy Prime Minister Trinh Dinh Dung (Photo: VNA)He stressed the importance of stabilising themacro economy, maintaining trade balance, and keeping inflation below fourpercent this year.
Deputy Director of the Vietnam Leather, Footwearand Handbags Association Diep Thanh Kiet said the footwear industry willcontinue focusing on its main import markets in the US and EU without leaningtowards any particular one towards ensuring a balanced export turnover.
Minister of Agriculture and Rural DevelopmentNguyen Xuan Cuong said his ministry will focus on improving domesticagriculture value chain and food safety.
Despite the sector’s poor performance in thefirst quarter of this year, recording a 2.05 percent growth rate, Cuong wasconfident that the targeted growth rate of 2.5-2.8 percent for 2017 could beachieved.
The ministry has exerted efforts to to expandVietnam’s export markets, with particular attention to China, India and otherASEAN countries, he added.
Deputy Minister of Industry and Trade Hoang QuocVuong assured that his ministry will work closely with companies and businessassociations to resolve their difficulties.
He also asserted that the oil and gas industry’scurrent goal of exploiting an additional one million tonnes of natural gas thisyear is feasible with adequate effort.
The mining industry needs a broader market shareat home and abroad for better returns, while the electricity sector and othermanufacturing industries will be driven by the nation’s economic growth.
Deputy PM Trinh Dinh Dung emphasised the needfor increased productivity and efficiency in the oil and gas industry andgreater support for the textile and footwear industry, given its high localisationrate and potential for employment generation.
The domestic car industry and electronic partsmanufacturing should also receive encouragement to better integrate into theglobal value chain, he said.
He reiterated the significance of geographicalidentification in boosting export value for made-in-Vietnam products as thiswould boost product quality and market shares at home.
The Deputy PM asked the Ministry of Agricultureand Rural Development to concentrate on reshuffle to tackle climate changechallenges and minimise natural disaster impacts and generate higher productvalues.
He also called for more precise and effectivepolicy frameworks to attract investment for infrastructure construction, mainlyfor transportation, energy and real estate sectors.
He asked the Ministry of Planning and Investmentto work with the Ministry of Industry and Trade and the General StatisticsOffice to clearly define growth strategies and monitor their implementation ineach sector under their purview.
The corporate sector, meanwhile, should take allpossible economic scenarios into account in drawing up its own growth plans, hesaid.
Other points of interest mentioned by the DeputyPM included the need for regular, detailed research on market demand and growthforecasts for domestic industries, particularly those with high addedvalue.-VNA
VNA
