PM: GDP touches 7.08% in 2018
15:35 | 27/12/2018
VGP – The Government on Thursday convened the last regular meeting in 2018 amid encouraging socio-economic signals with GDP growth rate highest since 2011.

The Government's last regular meeting in 2018

The regular meeting took place a day before an expanded conference between the Government and localities scheduled on December 27to discuss Resolutions on socio-economic development, national defense, and diplomacy in 2019. 

Addressing the meeting, PM Phuc informed good news including 7.08% GDP growth rate and over US$ 7 billion of trade surplus. In addition, the growth modal and quality changed positively. GDP growth rate doubled inflation rate. The number of newly-established enterprises was higher than previous years. 

However, PM Phuc also pointed out shortcomings including slow implementation of three strategic breakthroughs, renewal of the growth modal, as well as low investment disbursement. 

The Government listened to and discussed reports on some draft laws including the Law on Vietnamese guest workers (amended), the Law on handling of administrative violations, and the Ordinance on preferential treatment of people with meritorious services to the Revolution. 

The Government also considered implementation of the Government’s action programs to realize Resolution 05-NQ/TW on several major guidelines, policies to reform growth model, improve growth quality, labor productivity and competitiveness of the economy (Resolution 05); Resolution 11 on socialist-oriented market economy and international integration; and Resolution 24 on economic restructuring plan in the 2016-2020 period./.  

By Kim Anh 

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