Cabinet Reviews Ways to Boost Economic Growth

Prime Minister Nguyen Tan Dzung presided over the monthly cabinet session held yesterday to review and discuss socio-economic figures for September and the first nine months of this year.

PM Dzung asked ministries and sectors to offer effective solutions to control price increases of some key commodities such as urea fertilizer, paper and food. (Photo: Y.Ch.)

According to the Ministry of Planning and Investment, in the first nine months of the year, GDP grew by 7.84 percent, which was less than last year.
PM Dzung asked sectors to continue trying to reach the GDP growth targets of 8.4 percent in the last quarter of the year and 8.2 percent for the whole year.
In the final quarter, the country will continue to face many difficulties and latent dangers such as flooding, epidemics and unstable petrol prices, he said.
Therefore, he urged ministries, sectors and enterprises to focus on implementation of the Government’s solutions.
For sectors that grew slowly in the past such as fisheries, industry and tourism, the PM urged ministers, sectors and local authorities to determine and solve difficulties and problems.
Also, he asked sectors to determine why the country’s competitive capability had dropped in the world rankings.
The Trade Ministry reported prices of some key commodities such as food, urea fertilizer, construction steel, paper and some medicine should increase slightly by the year-end.
In order to cope with this matter, PM Dzung asked ministries and sectors to ensure a balance of demand and supply, monitor price movements and offer effective solutions to control price increases.
Yesterday, the PM also asked ministers, leaders of State offices, People’s Committee chairmen of major cities and provinces, and leaders of economic groups and State-owned enterprises to view production and business as a primary duty in the last quarter.

By Q.H. – Translated by Yen Chuong

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