Newly-elected PM Dung Chairs cabinet meeting

Newly-elected Prime Minister Nguyen Tan Dung chaired his first cabinet session at the Government's regular monthly meeting on June 30 and July 1.

Prime Minister Nguyen Tan Dung (standing) at the meeting

During the meeting, PM Dung, who was elected to be the Government leader at the freshly-ended ninth session of the 11th National Assembly, requested that in the second half-year, agencies from all levels take strict measures to boost production and business operations, increase economic growth, and continue to resolve difficulties facing businesses of all economic sectors and to facilitate operations by them.

The PM stressed the need to actively prepare for joining the World Trade Organisation and efficiently implement international commitments, strengthen measures to boost exports, restrain inflation, accelerate capital mobilisation and increase the efficiency of investment.

The Government leader also asked ministries, agencies and localities not to neglect flood prevention and control, and to take measures to reduce traffic accidents, accelerate administrative reform, combat wastefulness and strengthen the fight against corruption.

"Relevant agencies should speed up processes of investigation into those cases of public concern, particularly, the case of Project Management Unit 18," PM Dung said.

Regarding the socio-economic situation in the past six months of this year, the cabinet reported that the country maintained a high economic growth rate of 7.4 percent, which was lower than the same period last year of 7.6 percent.

The industrial production value remained to increase at a high rate with the non-state sector markedly contributing to the growth.

The export value in the first half of this year was estimated at 18,728 million USD, a 25.7 percent year-on-year increase, with marked increases being seen in the export of staple goods and exports to important markets.

Implementation of development investment in the past six months achieved 46 percent of this year's plan, accounting for 40.6 percent of the GDP. High increases were all recorded in the foreign direct invested sector.

The consumer price index increased 4 percent in the past six months, 1.2 percent lower than the same period last year. The highest increase of 4.9 percent was seen in food prices due to the impact of the world prices.

The production value of agriculture, forestry and fisheries stood at a growth rate of 3.8 percent, much lower than the same period last year due to impacts of unfavourable weather and animal epidemics.

The PM said that there were still many implicit factors that may cause changes of prices, particularly prices of petroleum and main materials, thus affecting production and people's lives. He warned that though the country recorded positive achievements, there remained shortcomings with difficulties and challenges in socio-economic development, including job generation and increasing number of serious traffic accidents

(Source: VNA)

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