[ad_1]
Intellectual people
According to the prime minister, the “health” of the Vietnamese financial system is well evaluated and may completely outweigh the impact of Covid-19, which ranks 12th out of 66 emerging economies with a “healthy financial situation.” “.
In concluding the socio-economic debate at the regular government meeting in August 2020 today (September 4), Prime Minister Nguyen Xuan Phuc raised many important questions.
Vietnam’s financial system is “healthy”
According to the Prime Minister, inflation is well controlled, gradually falling below the target level, but not subjective. Inflation below 4% is feasible, but requires better coordination of monetary and fiscal policies.
Public investment capital disbursement maintained positive growth momentum, the total execution rate in the first 8 months reached over VND 250 billion, an increase of 30.4% over the same period. Some investment procedures in key projects of the Ministry of Transport have been resolved. The prime minister asked the Ministry of Planning and Investments with determination to lead as before, continue to move capital from where money cannot be spent to where it is possible.
The head of government said that the “health” of the Vietnamese financial system is evaluated well and can completely overcome the impact of Covid-19, ranked 12 out of 66 emerging economies with good fortune. The main “healthy” factor includes 4 factors: public debt, national debt, borrowing costs and foreign exchange reserves.
In particular, macroeconomic equilibria are stable. This is a significant difference compared to 2008-2011, where there was severe macroeconomic instability at that time.
Prime Minister Nguyen Xuan Phuc chairs the ordinary meeting of the Government in August 2020
The prime minister also mentioned the current difficulties: consumption has not recovered. Industrial production still faces many difficulties. The PMI index in August decreased. The attraction of FDI has advanced, reaching almost 20 billion dollars, but there is a slowdown and decrease during the same period.
“We recognize the results, but there must be stronger solutions, better advocacy for better FDI in Vietnam,” the prime minister said.
Pay attention to the domestic market of 100 million people.
In the current context, the Prime Minister asked to focus more on building an autonomous economy, reducing dependence on foreign raw materials and supply chains. To do this, to promote domestic resources, pay attention to the domestic market with 100 million people. Not only pay attention to small and medium-sized companies, but also pay special attention to large companies and leaders capable of leading and expanding.
“We are determined to continue to achieve the double objective in any situation of striving for the highest growth rate” – said the Prime Minister: Government, ministries, branches, localities, especially the capital, large markets such as Hanoi and Ho Chi Minh City continue to resolve problems, speed up the teardown process for businesses, and effectively implement current support packages.
The State Bank of Vietnam should soon amend Circular 01 in the direction of expanding the target group, supporting and extending the delay and rescheduling time, considering the appropriate time to change the debt group to reduce the difficulties for lending institutions. , avoid bad debt spikes
Ordinary meeting of the Government on September 4
There is still a lot of room to boost exports, the Prime Minister asked the Ministry of Industry and Commerce and the localities to have specific action plans to implement in the last 4 months of the year. Continuing to urge, supervise and accelerate the disbursement of public investment, government guidelines, measures, resolutions and directives should be promoted. It is also important to note that it is not for the purpose of speeding up disbursement but rather to be reckless, wasteful, ineffective or to report dishonestly.
The Prime Minister again called on the relevant ministries, especially the Ministry of Planning and Investment, to seize the opportunity to change supply chains and capital investment to attract targeted FDI. The provinces can flexibly adjust their industrial parks, prioritize the expansion or construction of new ones, collect industrial zones that cannot be done, and announce the preparation of the industrial park for clean land and infrastructure. .
The Prime Minister also asked to continue promoting the stimulus of the domestic market and stated that there should be specific policies on domestic tourism, retail trade, transportation, accommodation, food, health, education. …
Regarding the reopening of commercial flights, the Prime Minister reiterated his request for strict control, so as not to let the epidemic spread. The health sector proposes a suitable isolation plan for professionals, investors and qualified workers.
Chau Nhu Quynh
