The directive states that in the first months of 2017, related ministries and central and local authorities have actively implemented resolutions and guidance by the Party, National Assembly and Government on socio-economic development and estimation.
GDP growth in the first quarter of 2017 reached 5.1%, higher than the same period of 2012, 2013 and 2014, but lower than the same period in the last two years of 2015 and 2016. Although the economy continues to see positive changes in regards to macroeconomic stability and controlled inflation, the task for the last months of the year is heavy, demanding further efforts from all sectors and levels in all fields.
The Government is consistent with the targeted GDP growth in 2017 at about 6.7%. In order to achieve this objective, the PM has requested all ministries, ministerial-level agencies, government-attached agencies, and provincial/municipal People's Committees to seriously grasp the viewpoint of the Government on the implementation of 2017 economic growth’s set goals, while drastically and synchronously deploying solutions to promote growth to achieve the 2017 GDP growth targets in each region and in important sectors of the economy.
Accordingly, a growth target of 3.05% was set for the agricultural sector with total export turnover of agricultural products reaching over US$33 billion; the industry and construction sector growing by 7.91%, of which industry is to increase by 7.34% (the manufacturing and processing industries up by 13%, electricity production and distribution by 11.5%) and construction by 10.5%; and the service sector increasing by 7.19%, of which, tourist growth will be over 30%.
Based on the objective of growth of each region and branch, functional agencies set objectives, tasks and solutions for each specific industry, while creating motivation to achieve a general growth target of the whole sector and rapidly deploying drastic solutions, as well as regularly inspecting, monitoring and supervising implementation progress to make monthly and quarterly reports to the Government and the PM.
Regarding basic solutions in 2017 in the medium and long term, the PM assigned related ministries, ministerial equivalent bodies, Government bodies, and People's Committees of provinces and cities under central authorities to continue drastically carrying out tasks and solutions set forth in the resolutions of the Party, the National Assembly and the Government.
In August 2017, they should submit reports to the Government and the PM on the detailed assessment of changes in their sectors and localities in charge, while urgently organising the implementation of tasks and solutions set out in the Resolution No. 40/NQ-CP dated May 10, 2017 by the Government, focusing on two groups of solutions regarding general measures to promote economic growth and detailed solutions to promote growth in each sector.
The PM also requested relevant ministries and agencies throughout the month of June to implement a number of immediate measures to quickly accelerate growth in 2017.
Specifically, the Ministry of Industry and Trade should report to the Government and the PM on the results of reviewing ineffective projects and enterprises, current losses, and those still facing difficulties, while proposing options to deal with such difficulties according to their competence to re-start and raise the efficiency of these projects and enterprises in 2017.
The Ministry of Agriculture and Rural Development was asked to collaborate with the Ministry of Foreign Affairs to propose a plan for response solutions to negotiate potential changes in US policy applicable to Vietnamese shrimp and tra fish exports, ensuring the goal of maintaining this important export market, while actively implementing measures to maintain and increase the export of agricultural products to China.
The Ministry of Culture, Sports and Tourism was required to further promote tourism and the attraction of international tourists, striving to reach the goal of drawing 13-15 million international tourists in 2017; while coordinating with the concerned ministries and branches in formulating and submitting to the Government and the Prime Minister plans to continue applying visa exemption policy to countries with large tourist arrivals to Vietnam and to deploy electronic visa issuance.
The State Bank of Vietnam should work out a plan to reduce interest rates for loans in production and business, striving for a credit growth of over 18% in 2017.
The Ministry of Planning and Investment needs to develop and implement solutions in the last months of the year to mobilise and disburse investment capital, focusing on accelerating the disbursement of all public investment funds allocated, developing solutions to mobilise private and foreign direct investment and striving to reach the proportion of total social investment on GDP at 34-35%.
