Vietnam will not accept growth of 2.7% this year: PM
(VOVWORLD) - Top priorities will be given to restarting the economy and boosting growth as Vietnam continues to fight COVID-19, said Prime Minister Nguyen Xuan Phuc at a regular cabinet meeting in Hanoi on Tuesday.
He noted that the IMF has forecasted negative global economic growth this year due to the pandemic.
Vietnam is working to protect people’s health and fuel economic development, Mr. Phuc said, adding that Vietnam enjoyed a growth rate of 3.82% in the past 4 months thanks to incentives to remove difficulties for enterprises and ensure social welfare.
“We must achieve the duel goal of preventing the epidemic and boosting socio-economic development. The IMF predicted that Vietnam’s economy will grow 2.7% this year, the highest in Southeast Asia," said Mr. Phuc.
"But we have to go beyond this projection thanks to the drastic measures we are taking. It’s difficult to achieve a high growth rate but we’ll not accept 2.7%,” he noted.
During the meeting, cabinet members looked into the socio-economic situation in the first four months this year, the fight against COVID-19, among other issues.