PM directs coordination in macro-economic management

Photo: VGP

The Government leader said the macro-economic situation must be regularly reviewed to ensure measures promoting stability, especially as the country implements market economy regulations and integrates in the international community.

He noted the country has seen gradual economic recovery and an increasingly stable macro-economy, as seen in the gross domestic product (GDP) growth of 6.03% from January-March, as compared to 5.06% in the same period last year.

The total retail sales of goods and services climbed by around 10% and the total export revenue rose 6.9% annually.

Positive results were also reported in various fields, particularly in industrial production, agriculture, services and social welfares as well as in stable exchange rates, increasing foreign reserves, and positive credit growth, the PM cited.

In 2015, the country aims for a GDP growth of 6.2% and a 10% export increase while continuing to curb inflation and stabilise the exchange rate, he said.

To realise the targets, the PM requested all ministries and competent agencies forecast, analyse and evaluate the macro-economic situation to the best of their ability while embracing links between fiscal and monetary policies in managing and stabilising the macro-economy.

Furthermore, the ministries need to focus on removing bottlenecks for businesses and enacting policies to support industry and agriculture development, as well as improve the investment climate and expand consumption markets, especially for export.- VNA