Resolution No. 90/NQ-CP dated July 10, 2018, of the Government on the meeting with locality authorities and the Government’s Regular Meeting – June 2018
Pursuant to the Law on Organization of the Government dated June 19, 2015;
Pursuant to the Government’s Decree No. 08/2012/ND-CP dated February 16, 2012, promulgating the working regulation of the Government;
Based on the discussion of the Cabinet members and the conclusion of the Prime Minister at the Government’s meeting with provinces and the Government’s regular meeting in June 2018, held on July 02 and 03, 2018
1. Regarding the socio-economic situation in the first 6 months of 2018 and the implementation of Resolution No. 01/NQ-CP dated January 01, 2018
The Government unanimously agrees that the socio-economic at in the first 6 months of 2018 continues positive progress. Macro-economy remains stable. Inflation has been kept under control. Reasonable credit growth has been recorded. Interest rates have been relatively stable. Lending rates in priority sectors have fallen. Exchange rates and foreign exchange market are stable. Foreign reserves have increased. Economic growth in the first 6 months of 2018 reaches 7.08%, the highest year-on-year increase since 2011, in which agriculture, forestry, and fishery sector has grown by 3.93%, the highest year-on-year increase since 2012; the industry and construction sector up by 9.07%; the processing and manufacturing sector continues to be the bright spot with a growth rate of 13.02%; the service sector up by 6.9%, the highest year-on-year increase in 7 years. State budget revenues have increased by 14.3% over the same period last year. Export turnover has increased by 16%, of which export turnover of the domestic economic sector has increased by 19.9%, equivalent to US$ 2.7 billion. Business investment environment continues to improve. The Purchasing Managers' Index (PMI) has risen to 55.7 points, ranking first among ASEAN countries. The disbursed volume of total social investment capital has increased by 10.1%. Foreign direct investment (FDI) inflow upsurges. The number of newly registered enterprises and total registered capital also soars. Preferential policies towards people with merit, policies on social security, poverty reduction are implemented thoroughly. People's living standards have improved. The unemployment rate has declined. Public health care receives due attention. The national secondary and high school graduation exams were held seriously, safely and successfully. An innovative start-up ecosystem is gradually being formed. Vietnamese digital knowledge has created a strong effect in the business community and society, especially among the younger generation. Many cultural activities rich in national identity were observed. Sports have recorded a number of impressive achievements. Due attention has been paid to communication. Defense and security have been strengthened. In principle, social safety order is guaranteed. Foreign affairs and international integration have gained important results.
In addition to the above-mentioned achievements, the country also faces many difficulties and challenges, which include: Economic restructuring has not changed much in quality; restructuring of public investment remains unclear; equitization and divestment remain slow. Inflation pressures continue to increase; business environment improvement lacks synchronicity; labor productivity and competitiveness in many sectors and fields remain low; environmental pollution, deforestation, illegal mining of minerals, sand and gravel are still rampant; natural disasters, floods in some mountainous provinces in the North, landslides in the Mekong Delta have caused serious damage to people and properties; social order and safety in some localities remain complicated; fire and explosions and traffic accidents are at an alarming level. Meanwhile, the world situation is complicated and unpredictable, posing a potential risk on the implementation of the country’s socio-economic development plan.
Determined to successfully achieve the goals and tasks set for 2018, the Government requests ministries, sectors and localities to keep abreast of the motto of “Discipline, Integrity, Action, Creativity, Effectiveness”, uphold the results achieved, timely overcome current constraints and limitations, implement in a coordinated and decisive manner resolutions of the Party, the National Assembly and the Government, especially Resolutions No. 01/NQ-CP, No. 19/2018/NQ-CP, No. 35/NQ-CP, and the Government’s Action Plans to implement Resolutions 4, 5, 6, 7 of the 12th Party’s Central Committee, be proactive, creative, meticulous, and disciplined, and make best effort to create substantial changes in each sector, each field and each locality. Attention should be paid to the following contents:
- The Ministry of Planning and Investment, the Ministry of Finance, the Ministry of Industry and Trade and the State Bank of Viet Nam shall closely monitor the international and domestic economic situation to promptly have appropriate solutions and actions, and closely cooperate and flexibly coordinate the implementation of policy instruments in order to maintain macroeconomic stability and inflation control in favor of economic growth.
- Ministries, sectors, and localities shall closely monitor production and business situation, and growth of the respective sectors, domains, and products under their management so that proper actions should be taken to ensure growth targets, and at the same time, review and identify new growth drivers in the coming period.
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