Prime Minister Nguyen Xuan Phuc (standing) presides over the Cabinet meeting on August 3, 2020. Photo: VGP |
Concluding the Cabinet meeting on Monday morning, the Government chief said the country is experienced enough to control the newly-emerged outbreak while having been able to maintain macro-economic stability.
Total retail sales of goods and services continued recovery in July, expanding 3.3% from the previous month and 4.3% against the same period last year thanks to introduction of a series of measures to stimulate domestic consumption and tourism.
Top importers of Viet Nam in the first seven months (unit: US$ billion) |
Trade surplus reached a four-year high of US$6.5 billion in the first seven months. In July alone, exports to the US and China increased by 15% to US$37.9 billion and 18.4% to US$23.5 billion, respectively, said Phuc.
Foreign investment inflows stood at US$10.1 billion in July, bringing the total volume to US$18.8 billion in the January-July period.
Meanwhile, disbursed volume of public investment capital reached nearly 52% of this year’s plan, the PM said.
He however warned of three risks, namely complex evolution of the Covid-19, escalating trade tensions between a number of countries, and natural disasters that have affected economic recovery.
Given the above background, Phuc reiterated the Government’s determination to continue pursuing the dual goal of containing the Covid-19 pandemic and spurring economic recovery./.
By Huong Giang