PM Dung reaffirms Q1 GDP growth of 6.03%

Source: Pano feed

Tu Giang

Ministries had double-checked data, he said, adding international practices had been used to calculate GDP growth.

At a regular meeting on April 1, Dung and his cabinet members agreed that the economy saw

improvements in almost all

sectors in March and the first quarter. The 6.03% GDP growth was the highest quarterly growth rate in five years.

The index of industrial production (IIP) grew 9.1% and total revenues from retail sales and services improved 10%. The consumer price index (CPI) in March only increased 0.15% against the previous month.

The banking system reported credit growth of 1.25% versus a 0.57% decline in the same period last year. The nation also saw US$3.05 billion in foreign direct investment (FDI) disbursed in the first quarter, a year-on-year pickup of 7%.

Dung emphasized at the meeting that the Government is consistent and determined to stick to its macro-economic stability policy.

The meeting also discussed export market expansion and signing of the Trans-Pacific Partnership (TPP) and other free trade agreements (FTAs). Relevant ministries were told to prepare for deeper international integration and deal with challenges.

Ministries must calculate to take advantage of the TPP and FTAs while setting up suitable technical barriers to protect domestic production, he said.

He urged relevant agencies to speed up the equitization of State-owned enterprises (SOEs) and fulfill the goal of equalizing 289 SOEs this year, which requires ministries, agencies and localities to withdraw State capital from ineffective businesses.

* The Government on April 1 ordered Hanoi City to inspect its massive tree felling and deal with organizations and individuals responsible.

Nguyen Van Nen, minister-chairman of the Government Office and spokesman for the Government, told the media that the project has drawn fire from the public. The city should improve green tree management and secure transparency of projects by consulting with the public and experts, Nen said.

The city already felled around 2,000 of 6,700 trees in the tree replacement plan worth VND60 billion, sparking public outcries.

Đăng ký: VietNam News