THE SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
Hanoi, April 09, 2020
The Government’s regular meeting on March 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 March 2020, which is held on April 01, 2020,
1. Regarding the COVID-19 situation, the socio-economic situation in March and the first quarter of 2020, the implementation of Directive No. 11/CT-TTg of the Prime Minister
The Government unanimously assessed that: Over the past few months, all branches, levels, localities, the political system, the business community and the people of the whole country have united to drastically, synchronously and effectively deploy undertakings and solutions of the Party and the State as well as directions of the Government and the Prime Minister and had achieved some initial successes in preventing and controlling the spread of the disease, while fulfilling the tasks of socio-economic development and ensuring social security. These efforts were highly appreciated by the international community and had created strong consensus and trust among the citizens. The Government highly appreciated and praised the solidarity, unity, and willingness of many businesses, agencies, units, organizations and individuals, the people of the country as well as people living overseas joining hands to support. This clearly expressed Viet Nam’s spirit and essence, especially the dedication, fearlessness of difficulties or dangers, self-sacrificing of the health sector, the military and police forces working on the front lines to fight against the COVID-19 pandemic.
Due to negative impacts on many aspects of the country's socio-economic life created by the COVID-19, the economic growth (GDP) in the first quarter of 2020 merely reached 3.82%, the lowest growth rate over the past 10 years. However, compared with other countries in the region and around the world, this was relatively high, indicating the efforts and determination of all levels, branches, business communities and the people of the country. Macroeconomic conditions were relatively stable. Inflation was kept under control. Budget revenue attained 25.9% of the total annual estimates, up 1.8% over the same period. Export reached USD 59.08 billion, up 0.5%, of which that of the domestic sector increased by 8.7%, 8 items recorded export turnover of over USD 1 billion, and trade surplus reached USD 2.8 billion. Although the agricultural sector was heavily affected by drought, saline intrusion and disease outbreaks, some sectors and products still achieved good growth rates. Despite decent growth rates, processing and manufacturing industries continued to play a driving force in boosting economic growth. E-commerce was promoted, supply of goods was guaranteed. Special attention had been paid to social security and health care, including research and application of science and technology in disease prevention and control. Information technology was strongly applied to innovate teaching and learning. Education and curriculum contents were also streamlined. Active actions were taken to deliver and communicate information about COVID-19 prevention and control. Security, national defense and foreign affairs were strengthened. Social order and safety were guaranteed.
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