Gov’t succeeds in fulfilling socio-economic development targets

Photo: VGP/Thanh Chung

Members of the Council announced that the nation has completed socio-economic development targets set for the year with a number of records such as the total exports-imports of US$400 billion, a trade surplus of US$3 billion, 120,000 newly-established enterprises and nearly 13 million foreign visitors. 

Viet Nam’s business and investment environment has jumped 14 notches and its innovation index climbed 12places. 

The Council proposed the Government and the PM continue monitoring macro-economic, fiscal and monetary policies. 

The State Bank of Viet Nam should control interest rates suitable with the macro-economy, inflation rate, and the monetary market, try to reduce interest rates and strengthen capital flows into commercial banks. 

The Council suggested the Government prevent tax evasion, soon amend the Law on Public Investment, make moves to develop the capital market in general and the stock market in particular, urgently complete the business bond market and promote investment in start-up and innovation. 

By Thuy Dung