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The prime minister presides over the ordinary government meeting in August 2020 – Photo: Chinhphu.vn
On September 4, Prime Minister Nguyen Xuan Phuc chaired the August regular meeting of the Government, in the context of the COVID-19 epidemic, which Vietnam is organizing. activities to celebrate the 75th anniversary of the August Revolution and National Day September 2.
Striving well can still grow 2-3%
According to the recent publication of the magazine The EconomistVietnam is among the 16 most successful emerging economies in the world, with many prospects of narrowing the gap with developed countries. Some large financial institutions said that if they try well, Vietnam can grow 2-3%.
Prime Minister Emphasizing the message of not being subjective in the face of the epidemic, but also of not being able to close the door, of not worrying about production, business and the employment of workers.
The situation in August has had many positive changes. The macroeconomy was stable, monetary policy was implemented relatively well: foreign exchange reserves reached around 92 billion dollars and by the end of this year could reach 100 billion dollars, many times more than 20 billion dollars. Dollars. USD at the beginning of the period; tthe price is stable; Interest rates tend to decrease to support production.
Agriculture continues to support the economy in tough times as the industry struggles to maintain its growth rate of 2.6-2.8%. The export turnover will continue to maintain the target of about 41 billion dollars. XExports are still the bright spot: in 8 months, it exceeded 174,000 million dollars, 1.6% more, with a trade surplus of more than 11,900 million dollars.
Public investment disbursement has improved significantly, increasing by nearly 31% over the same period, the largest increase ever recorded. Many locations have announced a 100% disbursement this year. The number of companies that returned to operation increased by almost 30%.
However, the Prime Minister acknowledged problems such as that industrial production continued to face difficulties when the industrial production index (IIP) for August decreased 0.6% compared to the same period, in 8 months it increased only 2.2%. . Trade and services in August tended to decline. Production and business continue to face difficulties, with the risk of losing many jobs, especially in urban areas.
Discuss the practical and specific support policy
In that context, the Prime Minister suggested focusing on discussing specific solutions, programs and action plans in the remaining 4 months not only with positive growth, but also achieving the necessary numbers, maintaining weight. relatively large, keep people’s lives stable.
Emphasizing the spirit of determination to achieve the dual goals, both by drastically preventing epidemics and by focusing on economic recovery, the Prime Minister stated that there must be strong economic stimulus, both on the supply side and on the supply side. the demand. because current supply and demand are weak.
Therefore, economic policies, especially fiscal and monetary policies, must be more effective for consumption, investment and exports, while promoting scientific and technological innovation and innovation. creativity, productivity, competitiveness, application of new models and methods to meet the requirements of the country’s development in a new normal state.
