Economic restructuring should be channelled more specifically to realise the socio-economic targets set by the National Assembly, not only for 2018 but also for the following years, said Minister of Planning and Investment Nguyen Chi Dung.
At a teleconference on
September 24 with localities nationwide to evaluate the socio-economic
situation in 2018 and set up plans for 2019 (Photo: VNA)
At a teleconference on
September 24 with localities nationwide to evaluate the socio-economic
situation in 2018 and set up plans for 2019, Dung underlined that cities and
provinces should strictly implement the Government’s Resolution No.01/NQ-CP
2018 on key missions and solutions to realise the socio-economic plan and state
budget estimate in 2018.
He also laid stress on the organisation of the conference, which he described
as a breakthrough for the sector in carrying out socio-economic development
solutions in a prompt, sustainable, and effective manner.
According to Tran Quoc Phuong, Director of the National Economic Issues
Department under the Ministry of Planning and Investment, thanks to concerted
efforts made by the Government, ministries, sectors, localities and businesses
as well as support from international organisations and local people, Vietnam has
recorded positive socio-economic development in 2018.
A stable macro-economy is a remarkable achievement and was the driving force
behind the economic restructuring, as well as motivated other sectors, he said,
adding that the GDP was estimated at 6.7 percent and inflation was under
control with the consumer price index (CPI) being well maintained below 4
percent.
The financial market experienced stable progress as credit growth was curbed at
around 17 percent, meeting sufficient capital for the production and business
sector, he said.
Improvements were seen in other important indexes, for example the debt rate
fell from the 63.7 percent at the end of 2016 to around 61.4 percent this year.
State budget collection was estimated at more than 1.35 quadrillion VND (57.8
billion USD), up 3 percent from the initial forecast and 5 percent from 2017.
However, State budget overspending was reckoned at 3.67 percent, higher than
the level assigned by the National Assembly.
The teleconference also shed some light on the disbursement of public
investment and ODA, FDI attraction, the renewal of the growth model, amendments
to the Law on Public Investment, and the building of a revised planning
law.
Source: VNA
The provincial Department of Agriculture and Rural Development on November 20 coordinated with Hai Dang Group Hoa Binh Seafood Company Limited to release 1.5 tonnes of fries into Hoa Binh Lake to regenerate aquatic resources, with a total value of 266 million VND (10,460 USD).
On the afternoon of November 16, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, held a reception for a delegation from the Indian Embassy led by Ambassador Sandeep Arya. The delegation included the chairperson of the Indian Chamber of Commerce in Vietnam, embassy personnel, and Indian businesses operating in Vietnam. Accompanying Long at the meeting were leaders of the provincial People's Committee and representatives from various departments and sectors.
Hoa Binh province hosted the "Meet India 2024" conference on November 16, marking a significant step in strengthening bilateral economic ties between Vietnam and India.
In recent times, with its core role in building and fostering great national unity, Cao Phong district's Vietnam Fatherland Front Committee has actively carried out its responsibilities and front work, and closely collaborated with member organisations to encourage locals to implement the Party’s guidelines, and the State’s policies and laws. At the same time, it has worked to promote the dynamism, creativity, and contributions of officials, Party members, and local people to help the district develop further.
From a type of bulb used as a seasoning for daily meals, thanks to the efforts of local authorities and farmers, shallots have become a commercial crop in Yen Thuy district, contributing to promoting the transformation of crop structure in agricultural production, bringing higher incomes to locals.
