Government focuses on monetary and fiscal policy, macro-economic stabilization

(VOVWORLD) -Vietnam's GDP growth of 3.32% in the first quarter of this year was lower than forecast, which is a reflection of the reality, said Deputy Minister of Planning and Investment Tran Quoc Phuong.

Government focuses on monetary and fiscal policy, macro-economic stabilization  - ảnh 1Government regular press conference on April 3 (Photo: VGP)

The Deputy Minister told a Government regular press conference held on Monday that the GDP growth of 3.32% over the same period last year is quite high compared to the average of other countries.

He called for greater efforts of ministries, branches and localities to compensate for the first quarter and to achieve growth target of 6.5% this year. The prerequisite is to maintain macroeconomic stability and then to focus on monetary and fiscal policy, he added. 

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