(VOVWORLD) - Updates on typhoon Yagi, which has been intensifying and poses a significant risk to the northeastern and north-central regions opened the government’s monthly meeting for August.
 Prime Minister Pham Minh Chinh chairs the government meeting for August (photo: VOV) |
Speaking at the meeting in Hanoi on Saturday, Prime Minister Pham Minh Chinh said the government has established a task force in Hai Phong to oversee storm prevention and disaster response efforts. He urged ministers, agency heads, and government agencies to take direct responsibility for coping with the storm and addressing its aftermath.
Discussing socio-economic issues, Prime Minister Chinh noted that August's performance was better than July. To maintain this momentum, he called on government members to analyze and forecast the situation for September and beyond, propose innovative policies and solutions, promote economic growth, and stabilize the macro-economy. He emphasized the need for careful and strategic management of monetary policy.
 At the meeting (Photo: VOV) |
PM Chinh said: "The monetary policy is very complex at the moment. We must remain calm, be bold, update our knowledge, and address short-term issues with long-term thinking."
The meeting was also focused on the socio-economic situation of August and the first eight months of 2024, the allocation and disbursement of public investment capital, the implementation of the three National Target Programs, and plans for socio-economic development through 2025.
Prime Minister Pham Minh Chinh asked ministries, agencies and localities to implement priority tasks and solutions in order to spur growth this year and 2025, making up for the sluggishness in the previous years due to COVID-19 impacts.
Pointing to both opportunities and challenges in the future amidst global uncertainties, the government leader asked ministries, agencies, and localities to make greater efforts, and put in place suitable response policies, and flexible solutions to fulfill tasks set by the Party and the State, and quickly handle emerging issues.
Chinh urged the State Bank of Vietnam to focus on stabilizing exchange rates, reducing lending interest rates, facilitating credit access by residents and businesses, and pushing ahead with the social housing credit package.
Ministries and agencies need to concertedly implement solutions to control inflation, and work to ensure market and price stability, especially the prices of oil and gas, essential goods, housing, and food, he said, adding that education fees and prices of electricity, education and medical examination and treatment services should not increase simultaneously.
The Government leader assigned specific tasks to the ministries of finance, planning and investment, transport, industry and trade, and construction, stressing the need to renew traditional growth drivers while promoting new engines such as digital transformation, innovation, and science-technology.