Economic restructuring should be channelled more specifically to realise the socio-economic targets set by the National Assembly, not only for 2018 but also for the following years, said Minister of Planning and Investment Nguyen Chi Dung.
At a teleconference on
September 24 with localities nationwide to evaluate the socio-economic
situation in 2018 and set up plans for 2019 (Photo: VNA)
At a teleconference on
September 24 with localities nationwide to evaluate the socio-economic
situation in 2018 and set up plans for 2019, Dung underlined that cities and
provinces should strictly implement the Government’s Resolution No.01/NQ-CP
2018 on key missions and solutions to realise the socio-economic plan and state
budget estimate in 2018.
He also laid stress on the organisation of the conference, which he described
as a breakthrough for the sector in carrying out socio-economic development
solutions in a prompt, sustainable, and effective manner.
According to Tran Quoc Phuong, Director of the National Economic Issues
Department under the Ministry of Planning and Investment, thanks to concerted
efforts made by the Government, ministries, sectors, localities and businesses
as well as support from international organisations and local people, Vietnam has
recorded positive socio-economic development in 2018.
A stable macro-economy is a remarkable achievement and was the driving force
behind the economic restructuring, as well as motivated other sectors, he said,
adding that the GDP was estimated at 6.7 percent and inflation was under
control with the consumer price index (CPI) being well maintained below 4
percent.
The financial market experienced stable progress as credit growth was curbed at
around 17 percent, meeting sufficient capital for the production and business
sector, he said.
Improvements were seen in other important indexes, for example the debt rate
fell from the 63.7 percent at the end of 2016 to around 61.4 percent this year.
State budget collection was estimated at more than 1.35 quadrillion VND (57.8
billion USD), up 3 percent from the initial forecast and 5 percent from 2017.
However, State budget overspending was reckoned at 3.67 percent, higher than
the level assigned by the National Assembly.
The teleconference also shed some light on the disbursement of public
investment and ODA, FDI attraction, the renewal of the growth model, amendments
to the Law on Public Investment, and the building of a revised planning
law.
Source: VNA
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
