Illustrative image (Source: VNA) Hanoi (VNA) - Prime Minister NguyenXuan Phuc asked the Ministry of Planning and Investment to offer the Governmentsolutions to boost economic development and turn Vietnam into a “new tiger” ofAsia.
The PM, speaking on January 15 at theministry’s conference to implement 2018 tasks, urged the ministry to closelywatch socio-economic developments to raise measures to meet growth targets thisyear.
Minister of Planning and Investment NguyenChi Dung said that the socio-economic development in 2017 would create theimpetus for the country to enter a new period of growth, one more efficient,sustainable and inclusive.
“The way towards innovation and developmentis still long, ahead with difficulties and challenges which require greateffort to overcome,” Dung said.
The ministry was striving to enhance publicmanagement and improve the investment climate to promote production andefficiently attract private and direct foreign investment resources, he added.
In 2018, the ministry would focus on thecompilation of laws to submit to the National Assembly, such as the Law onSpecial Administrative-Economic Units, the amended laws on public investmentand enterprise as well as the law on investment under public-privatepartnership practice, Deputy Minister Nguyen Van Trung said.
This year, the Vietnamese economy wasexpected to face a lot of difficulties from the uncertainty in the globaleconomy, the return of protectionism, climate change, international integrationand the fourth industrial revolution, Trung said.
However, opportunities abound, given theGovernment’s efforts to promote innovation associated with the industry 4.0 andenhance productivity and national competitiveness, he added.
“The core is maintaining macroecnomicstability and taking advantage of every opportunity to create breakthroughs,”he stressed.
Trung said that the ministry would focus onstudying policies to effectively raise every resource for developmentinvestment as well as solutions to hasten economic restructuring in line withrenovating the growth model and enhancing growth quality.
Nguyen Dinh Cung, Director of the CentralInstitute for Economic Management, said that Vietnam was a developing countryand it was pressing to narrow the gap with developed economies in the regionand in the world. To achieve this goal, Vietnam must achieve an annual GDPgrowth rate of at least 8-10 percent.
Cung also said that the ministry must domore in its role as the economy’s conductor.
In 2017, Vietnam fulfilled targets set forall 13 socio-economic indicators and achieved a gross domestic product growthrate of 6.81 percent, higher than the target of 6.7 percent.
The country also saw a record of 127 new firms in 2017. - VNA
The PM, speaking on January 15 at theministry’s conference to implement 2018 tasks, urged the ministry to closelywatch socio-economic developments to raise measures to meet growth targets thisyear.
Minister of Planning and Investment NguyenChi Dung said that the socio-economic development in 2017 would create theimpetus for the country to enter a new period of growth, one more efficient,sustainable and inclusive.
“The way towards innovation and developmentis still long, ahead with difficulties and challenges which require greateffort to overcome,” Dung said.
The ministry was striving to enhance publicmanagement and improve the investment climate to promote production andefficiently attract private and direct foreign investment resources, he added.
In 2018, the ministry would focus on thecompilation of laws to submit to the National Assembly, such as the Law onSpecial Administrative-Economic Units, the amended laws on public investmentand enterprise as well as the law on investment under public-privatepartnership practice, Deputy Minister Nguyen Van Trung said.
This year, the Vietnamese economy wasexpected to face a lot of difficulties from the uncertainty in the globaleconomy, the return of protectionism, climate change, international integrationand the fourth industrial revolution, Trung said.
However, opportunities abound, given theGovernment’s efforts to promote innovation associated with the industry 4.0 andenhance productivity and national competitiveness, he added.
“The core is maintaining macroecnomicstability and taking advantage of every opportunity to create breakthroughs,”he stressed.
Trung said that the ministry would focus onstudying policies to effectively raise every resource for developmentinvestment as well as solutions to hasten economic restructuring in line withrenovating the growth model and enhancing growth quality.
Nguyen Dinh Cung, Director of the CentralInstitute for Economic Management, said that Vietnam was a developing countryand it was pressing to narrow the gap with developed economies in the regionand in the world. To achieve this goal, Vietnam must achieve an annual GDPgrowth rate of at least 8-10 percent.
Cung also said that the ministry must domore in its role as the economy’s conductor.
In 2017, Vietnam fulfilled targets set forall 13 socio-economic indicators and achieved a gross domestic product growthrate of 6.81 percent, higher than the target of 6.7 percent.
The country also saw a record of 127 new firms in 2017. - VNA
VNA
