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PM calls for doubling efforts to achieve NA’s set targets

VGP – PM Nguyen Xuan Phuc asked for accelerating the disbursement of public investment and equitization and withdrawing capital from the State-owned enterprises (SOEs) at a regular Cabinet meeting on October 3 in Ha Noi.

October 04, 2017 10:11 AM GMT+7

PM Nguyen Xuan Phuc (center) chairs a regular Cabinet meeting, Ha Noi, October 3, 2017 - Photo: VGP/Nhat Bac

Growth no longer dependent on crude oil and credit, official says

At the meeting, the PM hailed the achievements in the nation’s socio-economic development, especially huge possibilities in fulfilling targets set by the National Assembly in 2017. 

He highlighted drastic movements in growth model and improvements in the economic competitiveness and investment environment with the reduction of more than 5,000 administrative procedures. 

The Government chief proposed to continue reducing interest rates and providing more credit capital for prioritized areas, heading to address issues on restructuring credit organizations and bad debt by the end of 2018. 

He asked ministers and chairmen of the provincial and city People’s Committees to enhance the implementation and disbursement of public investment in the fourth quarter of the year, ensuring all assigned public investment is disbursed this year. 

It is necessary to take drastic measures to boost exports, establish a system of market information, accelerate trade promotion, simplify administrative procedures and respond to trade barriers, he said. 

The PM expected that Viet Nam will achieve the target to welcome around 13-15 million international visitors this year. 

PM Phuc requested to tackle policies on unemployment insurance and social insurance as well as strengthen investigations on labor safety and fire prevention and control. 

He required the Ministries of Public Security and Foreign Affairs to ensure social safety and order and make preparations for the APEC High level Week. 

By Thuy Dung