Prime Minister: Vietnam will focus on governance reform
Vietnam's economy continues to gain growth momentum, said Prime Minister Nguyen Xuan Phuc at the Government's monthly meeting on Thursday to review the socio-economic performance in January and make preparations for the upcoming Lunar New Year festival.
Prime Minister Phuc acknowledged a 0.1% increase in CPI and stable exchange and interest rates. Foreign reserves increased by 4 billion USD, he said, and the inflow of foreign direct investment (FDI) continues. Investment capital from the state budget increased 8.5%, accounting for 5.5% of the 2019 plan. Vietnam earned more than 20 billion USD from exports and spent 20.8 billion USD on imports in January, the Prime Minister said, attributing the trade deficit to soaring consumer demand ahead of the Lunar New Year. Political stability and social order were maintained, he added.
Mr. Phuc urged Government officials to reform governance right from the year's beginning and to keep a close watch on market developments to ensure a happy Tet for all citizens.