Government determined to reach 6.7% of GDP

(VOVworld) – On Tuesday, cabinet members gave their opinions to socio-economic development of July and over the past seven months of 2016 and the implementation of the resolution on key measures to realize socio-economic development and state budget estimate for this year.

Government determined to reach 6.7% of GDP  - ảnh 1
PM Nguyen Xuan Phuc addresses at the government monthly meeting for July.

According to the Ministry of Planning and Investment’s report, so far this year the national macro-economy has fundamentally been stable. Growth was seen in most industries. The average inflation was lower than the same period last year.

Aquatic product exports increased 3.9%. The disbursement of foreign direct investment was estimated 8.5 billion USD among the registered capital of 13 billion USD.

The ministry set three scenarios of Vietnam’s economic growth for 2016. These are growth rates of 6.27%, 6.5%, and 6.7% as set by the NA’s resolution.

In regards of solutions to achieve the set targets during year-end months, the ministry underlined the need to promote agriculture and industry production with focus on auxiliary industry, exports, tourist attraction, improvements in transport service management, and addressing pending issues for BOT projects.

It’s also essential to continue to control inflation through fiscal and monetary policies, tight management of public expenditure, steep up exports, and tap the domestic market and ASEAN market.

 

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