PM chairs cabinet regular meeting
VGP – PM Nguyen Tan Dung on August 27 presided over a two-day Government’s regular meeting to discuss socio-economic development in August and the first eight months.
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PM Nguyen Tan Dung chairs a two-day Government’s regular meeting, August 27, 2014 - Photo: VGP/Nhat Bac |
The meeting was set to focus on the implementation of Resolution 01/NQ-CP, dated January 2, 2014 on key tasks and solutions guiding the realization of the socio-economic development plan and State budget estimate in 2014; a socio-economic report for 2014 and plan for 2015, the realization of State budget for 2014 and estimate for 2015; and the issuance of Government’s international bonds.
The Ministry of Planning and Investment reported that the socio-economic performance in the first eight months showed signs of recovery with positive outcomes, mentioning especially a GDP growth rate of 5.54%.
The GDP growth rate was forecast at 5.8% for the whole year. So far, 12 out of 14 economic norms have been fulfilled and outstripped.
However, there are numerous difficulties lying ahead including unstable macro-economy, low aggregate demand and credit growth, and slow settlement to non-performing loans (NPLs).
Addressing the event, the PM tasked ministries, agencies and localities to strive for the present goals with a view to forge a solid foundation for higher growth rates in 2015 and coming years.
He proposed Government members talk four key topics for the rest of the year.
Firstly, the Cabinet should review and extricate business difficulties; promote development in the areas of agriculture, industry and service and strive for the set GDP growth rate of 5.8% in 2014.
In addition, the Government chief asked his inferiors to seek ways to raise aggregate demand for the economy; boost credit growth; promptly handle NPLs; speed up disbursement of public investment; and combat counterfeiting products and smuggling.
Secondly, the economic restructuring must centre on public investment, SOEs, commercial banks and agriculture.
Thirdly, the Government leader requested cutting time for customs clearance by half; tax from around 500 hours to 200 hours; insurance from over 300 hours to less than 100 hours. Procedures on investment, construction, land and electricity access must be streamlined from a third to a half.
Fourthly, Government members were asked to discuss and seek ways for achieving a higher GDP growth rate in 2014 at around 6-6.2%./.
By Huong Giang
