Deputy PM Hue urges to maintain macroeconomic stability

Thursday, 2019-07-18 16:36:38
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Deputy PM Vuong Dinh Hue speaks at the conference (Photo: CPV)
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NDO – The Ministry of Planning and Investment (MPI) should promote its role as the "economic chief” of the whole country to timely assist the Government in developing solutions to maintain macroeconomic stability and promote growth motivation in the midst of a complex global situation.

The suggestion was made by Deputy Prime Minister Vuong Dinh Hue during a teleconference held by the MPI on July 18 to review the ministry’s operations in the first six months of 2019 and deploy key tasks in the remainder of the year.

Reporting at the event, MPI Minister Nguyen Chi Dung said that the first half of 2019 has seen positive results in socio-economic development, with GDP growth rate reaching 6.76%, macroeconomic stability maintained and inflation under control, while sectors have positive changes and social security and national defence are maintained.

In the first six months of 2019, the MPI completed all of its assigned tasks, especially the ones set out in the Government's resolutions and the directions from the PM and Deputy PMs, Dung said, adding that the tasks set out in the last six months of 2019 were quite heavy, covering various areas but the MPI was determined to take advantage of new opportunities to maintain macroeconomic stability and strengthen domestic economic potential to stand firm against the changes in the world towards rapid and sustainable development.

The Ministry of Planning and Investment holds a teleconference on July 18 to review the ministry’s operation in the first six months of 2019. (Photo: VNA)

Addressing the conference, Deputy PM Hue highly praised the results that the ministry has achieved during the past month, asking the MPI in the remaining period of 2019 to continue to thoroughly grasp the motto set by the Government to make stronger breakthroughs.

He also urged the MPI be the centre of innovation for the whole country and become a pioneer in leading innovation in institutional reform, while piloting new business forms to match the world new trend like non-cash payments and mobilising all of agencies for national socio-economic forecast.

The ministry should urgently complete the projected Investment Law and the Law Amending Some Articles of the Investment Law and the Enterprise Law, while accelerating the disbursement of public investment.

It is necessary to pay more attention to business development, he said, adding that improving the efficiency of State-owned enterprises and supporting small and medium-sized businesses is also necessary.

Delegates at the event discussed topics related to the construction of institutions and laws, socio-economic development plans, improvement of business investment and environment, regional linkages, attracting foreign direct investment and the fourth Industrial Revolution, among others.