Gov’t pledges to maintain growth target

Prime Minister Nguyen Xuan Phuc called for doubling efforts to realize the preset growth target of 6.7% this year despite unexpected outcomes, including industrial production slowdown in the first four months while chairing the Cabinet meeting on May 4.

The Government chief tasked industry and trade sector to increase productivity of some key industries, including coal and oil exploitation, manufacturing and power generation.

The agriculture sector needs to ensure growth rate of at least 3% for the rest of the year with the export value of more than US$33 billion.

The PM asked the Ministry of Agriculture and Rural Development, the Ministry of Industry and Trade and the Ministry of Foreign Affairs to accelerate talks in a bid to expand export market for agricultural products amid falling prices of commodities like pork and water melon.

He called for strict punishments against leaders of State-owned enterprises who failed to carry out re-arrangement and equitization process and divestment of state capital from non-core business lines.

Competent agencies have to review foreign direct investment inflows to increase the quality of foreign capital and avoid making Viet Nam the destination for outdated technology transfer.

Source: Online Newspaper of the Government of the Socialist Republic of Vietnam