THE SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
Hanoi, March 10, 2020
On the Government’s regular meeting on February 2020
Pursuant to the Law on Organization of the Government dated June 19, 2015;
Pursuant to the Government’s Decree No. 138/2016/ND-CP dated October 01, 2016 promulgating the working regulation of the Government;
Based on the discussion of the delegates and the conclusion of the Prime Minister at the Government’s regular meeting in February 2020, held on March 03, 2020,
1. Regarding the socio-economic situation in February and the first 02 months of 2020, urgent measures to achieve socio-economic development goals in the current context
The Government unanimously assessed that: Thanks to the joint efforts made by the whole political system as well as the initiative and drastic implementation of the motto "fighting the epidemic is like fighting against the enemy" of all levels and branches, we have initially control the novel coronavirus (COVID-19) outbreak well through such measures like quarantine to staunch the spread of the pandemic, which was highly appreciated by the people and the international community. The Government acknowledged and highly appreciated the efforts of all levels, sectors, military and police forces, business community and people of the country, especially the health sector, doctors and nurses, as well as the actions made by the National Steering Committee for COVID-19 Prevention and Control and the local steering committees in the prevention and control of the COVID-19.
Although the pandemic created significant impacts on many sectors and fields, the country's socio-economic situation remained relatively stable. Consumer price index (CPI) in February decreased by 0.17% over the previous month. Exports increased; trade deficit was kept under control. State budget revenues increased by 9.3% over the same period. Disbursement of public investment was higher than that of the same period last year. Industry and agriculture sectors still maintained growth momentum. The African swine fever outbreak had been kept under control. The number of newly established enterprises increased by 9.1%; registered capital rose by 47.1%. Policies for people with meritorious services, social security, people's health care, labor, employment and poverty reduction continued to receive due attention and were properly implemented. People's living standard has been improved; the number of hungry households had decreased. Education sector actively implemented measures to prevent and control outbreak, prepare conditions and ensure safety for students’ returning to school. National security and defense, as well as social order and safety were maintained. Traffic order and safety witnessed positive improvement in all three criteria. Foreign affairs continued to be an important focus.
However, due to impacts of COVID-19 outbreak, along with drought and saltwater intrusion in the Mekong Delta region, and adverse weather conditions in Northern region, many industries and fields encountered difficulties and clearly exposed their limitations. Growth rate was lower than that of the same period last year, especially in aviation, tourism, services, processing and manufacturing. Many businesses faced the risk of input material shortage... Registered investment capital of the foreign invested sector and FDI disbursement decreased. Some ministries and agencies were late in allocating public investment plans. The disbursement rate of public investment remained low. Export of some agricultural products encountered some difficulties, prices dropped, affecting the production and life of a part of farmers.
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