Q1’s GDP sees 6.79 percent growth: Government report

Thứ ba - 21/05/2019 20:24 233 0
Deputy Prime MinisterTruong Hoa Binh presented the Government’s report on the implementation ofsocio-economic development in the first quarter of 2019 and measures for theremaining months of the year at the opening meeting of the 7thsession of the 14th National Assembly on May 20. 
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At the session - Source: VNA

According to the report, the country’s GDP in the first threemonths of 2019 expanded by 6.79 percent.

The agricultural sector saw an increase of 2.68 percent, withprominent growth in the fishery sector at 5.1 percent – the highest levelcompared to the same period of the last nine years. 

Total social investment capital in the first quarter of 2019increased by 8.8 percent, in which non-state investment increasedsharply. 

In the last four months, newly-registered and added foreigndirect investment (FDI) capital reached 7.5 billion USD, up 28.6 percent. The disbursedcapital is estimated at 5.7 billion USD, up 7.5 percent. 

According to the report, more than 43,000 new enterpriseswere established and over 17,000 businesses resumed operations in the reviewedperiod. Total newly and additionally registered capital reached over 1.4quadrillion VND. The Purchasing Managers' Index (PMI) has always been at a highlevel, belonging to a group of leading countries in the region and theworld. 

Deputy PM Binh, however, pointed out several shortcomings,saying that the macro-economy has not been really stable due to unpredictableprice of crude oil, trade conflicts, and geopolitical tensions in manycountries. 

The disbursement of public investment capital in manyministries, sectors, and localities still remains slow, while equitisation anddivestment in state-owned enterprises have not met requirements, he said.

Management of public assets, land, and natural resources hasbeen inadequate, he said, adding that growth of some sectors has slowed down.

He affirmed that the Government is determined to consolidatethe national macro-economy, ensure major balances of the economy, and promotegrowth.

Attention will be paid to drastically restructuring theeconomy in association with renovating the growth model; improving the productivity,quality, efficiency, and competitiveness of the economy; promotingadministrative reform, inspection, settlement of complaints and denunciations,and the fight against corruption and waste; and improving the effectiveness offoreign affairs and international integration.

The Government will continue with efforts to improve thematerial and spiritual life of the public, management of natural resources,environmental protection, disaster prevention, and climate changeresponse. 

While reading a verification report, Chairman of theNA's Economic Committee Vu Hong Thanh said the committee agrees withmeasures for 2019 mentioned by the Government in the report. 

He asked for more attention on other missions and solutions,including the timely completion of law projects to submit to the NA; reducingadministrative procedures in a stronger manner. 

The Government needs to devise measures to removedifficulties and obstacles to speed up the disbursement of public investmentcapital; accelerate the progress of key national projects; continue to reviewcommitments in new-generation free trade agreements (FTAs) and internationaltreaties; and soon adjust investment attraction policies to lure high-qualityFDI inflows, Thanh said.

Source: VNA

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