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 the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.
Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness
The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.
Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.
The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).
As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.
