Cabinet discusses socio-economic performance in first 4 months
09:55 | 05/05/2020
VGP – Prime Minister Nguyen Xuan Phuc presides Cabinet meeting on Tuesday to debate on socio-economic performance amid COVID-19 outbreaks in the first four months this year.

Prime Minister Nguyen Xuan Phuc (standing) presides over Cabinet meeting. Photo: VGP

Thanks to drastic measures, Viet Nam has basically contained the outbreaks, keeping the patient tally at relatively low of 271 as of Tuesday morning.

However, the COVID-19 outbreaks have produced negative impacts on the economy, with the index of industrial production in the reviewed period decreasing by 10.5% against the same period last year.

The consumer price index dipped 1.54% in April and 4.9% in the first four months, making it the highest rate over the past five years.

Agricultural production continued facing critical difficulties caused by drought, saltwater intrusion, and the COVID-19 outbreaks as well.

The number of newly-established businesses also fell by 13.2% and 17.9% in terms of number of businesses and registered capital volume.

The only positive signal is trade exchange as exports rose by 4.7% and imports climbed up 2.1 %, according to official statistics.

Against the backdrop, the Government will explore every measure to realize the dual goal of controlling the COVID-19 and fostering growth.

By Ngoc Van

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