PM requests active preparation for key economic tasks in 2018

Prime Minister Nguyen Xuan Phuc underlined the importance of constructing a resolution on the key socio-economic tasks and solutions in 2018 at a cabinet meeting in Hanoi, on December 1.

PM requests active preparation for key economic tasks in 2018

He said that there is only a month left in 2017 and the workload remains very heavy.

The PM requested that the relevant ministries, departments and localities closely follow the objectives outlined by the 12th Party Central Committee, as well as the conclusions of General Secretary Nguyen Phu Trong and the National Assembly’s Resolution on socio-economic development in 2018.

He asked the cabinet members to consider solutions to prevent corruption and wastefulness, along with issues relating to culture, security and national defence.

He also expressed his concern over the unsynchronised political system and called for positive changes at the grassroots level.

In November, Vietnam suffered from devastating natural disasters, including Typhoon Damrey that wreaked havocs across nine central localities, especially Khanh Hoa and Phu Yen. The storm killed 45 people and damaged property, he noted, asking the ministries, sectors, organisations and localities to continue supporting victims of the disaster.

Meanwhile, the PM pointed out that in November and the first 11 months of this year, the macro-economy remained stable, with inflation under control and economic balance ensured.

The consumer price index rose by 0.13% in November and 3.14% in January-November. In the 11 months industrial production increased, with a 17.2% rise recorded in November, while total goods and services revenue increased by 10.7% annually.

Foreign arrivals reached 1.17 million in November, pushing the total figure this year to 11.65 million, up 27.8% against the same period last year.

Furthermore, foreign investment hit US$19.8 billion, up 52%, alongside US$33.1 billion of capital to purchase shares in State-owned enterprises, a rise of 23.4%.

Notably, exports grew to hit nearly US$194 billion, up 21%, with the highest rise recorded in agricultural products, such as vegetables (43.2%), rubber (38.9%), cashews (23.2%) and seafood (16.2%).

The country enjoyed US$2.8 billion in trade surplus, noted PM Phuc.

Total budget collection also recorded impressive growth at 14.2%, he added.

The Prime Minister highlighted that 116,000 new enterprises were set up in the 11 months, with the figure likely to hit 120,000 for the year.

Positive developments were also seen in culture, society, the environment, and defence and security areas, he said.

At the meeting, cabinet members will discuss a report on four Government draft resolutions on issuing an action programme to implement the resolutions adopted at the sixth session of the 12th Party Central Committee.

They will also hear proposals on constructing revised draft laws relating to land, construction, accommodation, the environment, investment, businesses, and social welfare.

The Government will give opinions on a report on the five-year implementation of the national strategy on human resources development in 2010-2020, the public investment restructuring plan in 2016-2020 and the mid-term public investment scheme issued in September 2015.