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Economic Sector

Last updated: Friday, October 19, 2018

 

PM Calls for Doubling Efforts to Achieve Growth Rate of 6.7 Pct in 2018

Posted: Monday, January 08, 2018


Prime Minister Nguyen Xuan Phuc requested ministries, sectors and localities to exert efforts for an economic growth rate of 6.7 per cent in 2018, at the Government teleconference with provinces and cities on December 29.

He stressed the need to create stronger transformations in regards to the vitality and competitiveness of the economy as well as of each sector, each locality, each business and also national products.

Especially, the PM asked for measures to build a self-reliant economy in accordance with the new situation, urging both the national and local level to bring into full play advantages in order to realize this requirement.

He mentioned a number of challenges for Viet Nam in 2018, which he said, is an important year to complete the socio-economic tasks set for the 2016-2021 period.

Highlighting the need for mechanisms to mobilize social resources, the Government leader requested that the total social investment capital must be equivalent to 34 per cent of the country’s gross domestic product (GDP) in 2018.

With regards to exports in the coming year, the draft Resolution No. 1 has set a target of a 10 per cent increase in export revenues, with a focus on strongly developing national brands such as food, vegetable, fruit and fishery products, he stated, urging the expansion of new markets, the good organization of the domestic market, the facilitation of the domestic consumption demand, and the enhancement of competitiveness for Vietnamese commodities.

Regarding agricultural production, PM Phuc asked for strong transformations in regards to the accumulation and concentration of farm land, whilst requesting the facilitation of large-scale commodity development, the application of high technology and the efforts towards US$40 billion in the agricultural sector’s export revenues.

In particular, the issue of developing organic agriculture and promoting the famous Vietnamese products, such as shrimp, high quality rice, vegetables and medicinal plants, will be also a focus for Viet Nam’s agricultural sector in 2018, he added.

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