Gov’t convenes August regular meeting

In the two-day meeting, the Cabinet will listen to and comment on  reports on socio-economic development in the first eight months and forecast for the whole year; socio-economic forecast for 2016; State budget estimate for 2016, as well as implementation of SOEs restructuring.

According to an updated report of the Ministry of Planning and Investment, the economy continued to be on track with positive outcomes.

The macro-economy was stable. Consumer  price index increased slightly. Credit growth was higher. Interest rates were maintained. Exchange rates were adjusted flexibly. Budget collection was kept on schedule, especially, domestic collection rising over last year's same period.

Industries, especially manufacturing and processing,  gained higher growth rates. Total demand and purchasing power were improved.

Total registered and disbursed FDI were higher than the same period last year.

Exports saw rising. Imports of raw materials, machines,equipment for business and export picked up. Meanwhile, trade deficit was kept under control.

Social security was safeguarded. Politics and social order was maintained, cabinet members heard.

By Kim Loan