PM assesses national development in the first 4 months

Vietnam achieved comprehensive socio-economic development in April and in the first 4 months of 2018, Prime Minister Nguyen Xuan Phuc said at the government's monthly meeting on Thursday, which finalized draft laws to be submitted to the 5th session of the 14th National Assembly in mid-May.

Mr. Phuc said the macro-economy was stable and inflation was controlled, with the consumer price index up 2.8% from last year. Foreign reserves totaled 63 billion USD, and the State Bank of Vietnam bought over 32 billion USD in 2 years, a good sign considering the unstable global situation, he said.

Vietnam's investment environment and administrative procedures have improved, with a 50% cut in business requirements in industry and trade, healthcare, transportation, and construction, the Prime Minister said. The government has prosecuted serious corruption cases, strengthening public confidence.

The Prime Minister called for stronger business development in line with the 4th industrial revolution, and lower logistics costs for businesses.

Source: VOV5