The Vietnamese government introduced two key resolutions on January 1 aimed at bolstering economic growth in 2019.
Vietnam aims for growth of 6.6-6.8% in 2019.
Resolution 01 concerns measures to implement the socio-economic
plan and budget for 2019, while Resolution 02 deals with continued actions to
improve the business environment in 2019 with a view to 2021.
The overall goals for this year will
continue to be maintaining macroeconomic stability, curbing inflation,
enhancing labour productivity and improving the competitiveness of the economy.
Under Resolution 01, the government has
outlined a number of focuses, including enhancing economic resilience, building
a lean and efficient apparatus and simplifying administrative procedures, among
others.
Meanwhile the goals of Resolution 02 are
to improve Vietnam’s position regarding international rankings on competitiveness,
increase the number of new businesses, and reduce informal costs for
enterprises.
To achieve such targets, the government
aims to continue cutting unnecessary business regulations, fully implement the
reforms already introduced in 2018, and further support innovations and
start-up businesses.
Last year the Vietnamese economy
expanded by an estimated 7.08%, the highest growth rate in 11 years, thanks to
buoyant manufacturing activity and strong exports.
For 2019 the National Assembly has set the economic
growth target at 6.6-6.8%.
Source: NDO
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
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