Cabinet convenes May meeting

Photo: VGP

   >>> Infographics: Socio-economic performance in first 5 months of 2019 

The Government will discuss socio-economic performance in May and the first five months; the making of laws on immigration, exit, transit, residence of foreigners in Viet Nam, the pilot expansion of independence for some universities, the preparation for Q&A session at the ongoing National Assembly’s session.

The socio-economic performance in May and the first five months showed positive signs (excluding difficulties facing the agricultural sector). Especially, the processing and manufacturing industry is playing a leading role and made a record high growth over the last five years. Trade activities were on the rise with abundant supply of goods. People’s living standards were improved. 

The macro-economy was stable. Inflation rate grew 0.49% in May. Average CPI increased by 2.74% in the first five months, the lowest level over the last three years. 

Total retail sales of goods and services picked up 11.6%. The country lured nearly 7.3 million foreign visitors, up 8.8% from the same period last year.

FDI attraction was positive. The amount of FDI disbursement hit US$ 7.3 billion, up 7.8% against the same period last year. FDI attracted and added touched US$ 9 billion, up over 27%. 

Export revenue valued at US$ 100 billion, up 6.7%. Nearly 54,000 enterprises were newly founded, up 3.2% in number and 29.6% in registered capital. Nearly 20,000 enterprises resumed operation, up over 48%. 

However, besides the positive outcomes, there were difficulties in agro-forestry-fishery production, slow progress of public investment disbursement, and a big trade deficit./.  

By Kim Loan