PM requests implementation of drastic solutions in months ahead
Prime Minister Nguyen Xuan Phuc said on August 30 that ministries, sectors and localities must not underestimate their tasks in the four remaining months of 2018 but carry out drastic solutions as many difficulties still arise from the domestic and global situation.
The Government holds the monthly meeting on August 30. (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc said on August 30 thatministries, sectors and localities must not underestimate their tasks in thefour remaining months of 2018 but carry out drastic solutions as manydifficulties still arise from the domestic and global situation.
At the Government’s monthly meeting, Cabinetmembers said despite complex geo-political and geo-economic developments in thepast eight months, the country’s socio-economic indexes have reached thehighest levels.
Forecasting challenges in the months ahead,Minister of Agriculture and Rural Development Nguyen Xuan Cuong said theUS-China trade war will strongly affect Vietnam while natural disasters fromnow until the end of the year may cause big consequences.
PM Phuc said to deal with the predictedchallenges, leading officials must promote their responsibility in theactivities of their ministries, sectors and localities.
He stressed that the top priority must be givento controlling inflation and stabilizing the macro-economy, and this must be aregular task. Although international organisations have had good assessment ofVietnam’s performance in this issue, relevant ministries and sectors still needto prepare response solutions in line with possible global changes, the PMsaid.
PM Phuc asked the State Bank of Vietnam tocontinue a prudent and flexible monetary policy while stepping up the restructuringof credit institutions and solving bad debts. All-level authorities and sectorsneed to work harder to prevent budget losses, tax arrears and transfer pricingand reduce the State budget deficit to under 3.7 percent of total GDP, hestressed.
Assessing the socio-economic situation betweenJanuary and August, the PM said the country’s comprehensive development hasbeen ensured, noting positive changes such as decreased regular spending,higher spending on investment, initial application of Industry 4.0 technology,more attention paid to environmental issues, and development of high-qualityagriculture.
The Government leader said macro-economiccriteria have been ensured, and the economy’s resilience has been improved. Healso recognised improvements in the investment and business climate, which arehighly valued by international organisations, adding that administrations atall levels have paid more heed to ensuring people and enterprises’interests.-VNA
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The Government holds the monthly meeting on August 30. (Photo: VNA) 
