Cabinet Members Discuss Socio-Economic Performance in Nine Months
The regular cabinet meeting for September continued today, October 4, with members discussing the nation’s socio-economic performance, focusing on the measures to fulfill the goals set for 2016.
Under the chair of Prime Minister Nguyen Xuan Phuc, the government debates eight issues, including a report on the socio-economic situation in the first nine months of 2016 and plans for 2017, a plan on economic restructuring for 2016-2020, a medium-term public investment plan and state budget-finance in the 2016-2020 period, and an action programme of the 2016-2021 government.
As reported by Minister of Planning and Investment Nguyen Chi Dung, despite difficulties, the socio-economic situation continued to see positive changes in almost every field, with the macroeconomy stabilized and inflation kept under control. The consumer price index (CPI) in September rose 0.54 per cent compared to the previous month and 3.14 per cent against December, 2015.
The gross domestic product (GDP) grew 6.4 per cent in the third quarter and 5.93 per cent in the January-September period. The agricultural sector registered a relative recovery, while the tourism and service sector saw a strong increase in the number of international visitors. Total export revenues were estimated at US$128.2 billion, generating a trade surplus of over US$2.7 billion.
Positive changes were also seen in business development. There were more than 81,450 newly-established enterprises across the country in nine months with total registered capital of VND629 trillion (US$28.3 billion), up 19 per cent in the number of businesses and 50 per cent concerning the registered capital year on year.
According to the Ministry of Planning and Investment, in the remaining months of the year, there is still room for boosting the economic growth, including foreign direct investment (FDI); acceleration of disbursement of investment plans using the state budget and government bonds; improvement of the domestic demand and purchasing power; strong development of the tourism sector; and the recovery of the agricultural sector.
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