PM seeks new measures to achieve highest growth possible
Prime Minister Nguyen Xuan Phuc asked for more measures to boost investment, export, and consumption to achieve the highest growth possible in 2020 at a national teleconference between the Government and localities on July 2.
Hanoi (VNA) - Prime Minister Nguyen Xuan Phuc asked for more measures to boostinvestment, export, and consumption to achieve the highest growth possible in2020 at a national teleconference between the Government and localities on July2.
He said that nocommunity transmission of COVID-19 being reported in Vietnam for more than twomonths is a great success for the country’s Party, State, and political system,and has earned plaudits from the public and the international community.
However, he noted,the pandemic has had a huge impact on socio-economic matters, presenting urgentrequirements for economic recovery with a motto of taking full advantage ofopportunities when the disease is brought under control.
Due to the impactof the disease, the country’s GDP growth in the second quarter hit a 30-year lowof 0.36 percent, for a first-half figure of 1.81 percent. Twelve out of thecountry’s 63 cities and provinces posted negative growth.
The PM, therefore,stressed the importance of fighting the disease while at the same time takingaction to foster economic growth.
It is necessary tocarry out fiscal and monetary policies flexibly to ensure growth, for the generalinterest of the economy and for employment and incomes, he added.
Emphasising lowpublic disbursement in the first half, he said that if any locality or sectorcannot disburse public investment on schedule, he has the right to transfer thecapital to another.
The effectivedisbursement of 700 trillion VND (30.36 billion USD) worth of public investmentwill serve as short-term stimulus and drive growth over the remaining months of2020 and the opening months of 2021, he said.
The PM alsostressed the necessity for more measures to expand markets and promote domesticconsumption and for greater attention to be paid to perfecting laws, cuttingadministrative procedures, and developing the night-time economy, the digitaleconomy, and the urban economy, among others./.
Prime Minister Nguyen Xuan Phuc has issued Decision 908/QD-TTg approving the list of State-owned enterprises (SOEs) to implement divestment of State capital in 2020, which comprises 120 enterprises.
Vietnam’s CPI this year must be controlled and grow by less than 4 percent, and this is one of the tasks to develop the economy during the remaining months of 2020, Prime Minister Nguyen Xuan Phuc said on July 1.
Prime Minister Nguyen Xuan Phuc has requested ministries, ministerial-level agencies, localities, and associations promote the effective implementation of the law on supporting small-and medium-sized enterprises (SMEs).
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
Prime Minister Nguyen Xuan Phuc (Photo: VNA) 
