PM instructs building socio-economic scenarios in COVID-19 epidemic context
Prime Minister Nguyen Xuan Phuc has instructed ministries, sectors and localities to quickly build their own development scenarios in accordance with the development of the coronavirus disease (COVID-19), in order to mitigate the impact of the epidemic while striving to fulfill set targets.
A worker in a factory of Samsung Electronics in Vietnam (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has instructed ministries,sectors and localities to quickly build their own development scenarios in accordancewith the development of the coronavirus disease (COVID-19), in order to mitigatethe impact of the epidemic while striving to fulfill set targets.
Theinstruction was part of an announcement released by the Government Office onthe PM’s conclusions regarding the impacts of COVID-19, update on growth scenariosand directions on measures to implement socio-economic targets for 2020.
ThePM emphasized that with a long border and strong economic-trade exchanges withChina, Vietnam is bound to be affected by COVID-19, which requires drastic,synchronous and effective measures to counter the impact in both short and longterm.
TheMinistry of Planning and Investment was assigned to coordinate with relevantministries and agencies to draft a Directive of the Prime Minister. The draftshould assess the development of the COVID-19 epidemic and its impacts on allaspects of social and economic life, suggest solutions to respond to COVID-19’seffects, and update growth scenarios based on the epidemic’s development.
Inparticular, for the scenario for a growth rate of 6.8 percent as set for theyear, the draft must define the specific quarterly targets for every sector andfields accompanied by measures to fulfill the targets.
ThePM also required ministries and sectors to propose mechanisms, policies andsolutions within the power of the Government and the PM to help with thedevelopment of sectors, including tourism and services, such as visa exemption,visa extension, reduction of visa fee, logistic expenses, or taxes and otherfees./.
Prime Minister Nguyen Xuan Phuc has urged ministries and localities to promptly implement measures to minimise the impact of the novel coronaviru (nCoV) on the economy.
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A worker in a factory of Samsung Electronics in Vietnam (Photo: VNA) 
