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Cabinet meeting discusses five-month socio-economic development

The Government convened its monthly meeting on June 4, discussing the socio-economic situation in May and the first five months of 2022 and reviewed the implementation of the government’s socio-economic recovery and development programme and the allocation and disbursement of the State budget this year.
Cabinet meeting discusses five-month socio-economic development ảnh 1Prime Minister Pham Minh Chinh speaks at the meeting. (Photo: VNA)
Hanoi (VNA) - The Government convened its monthly meeting on June 4,discussing the socio-economic situation in May and the first five months of2022 and reviewed the implementation of the government’s socio-economicrecovery and development programme and the allocation and disbursement of theState budget this year.

Speaking at themeeting, Prime Minister Pham Minh Chinh pointed out limitations and challengesfacing the Government, ministries and local administrations in the coming timeand potential solutions for them.

He urged ministries, sectors and local administrations to keep a close watchon the COVID-19 situation, global strategic competition, prices of fuel andinputs, inflation risks and the development of the global and regional economiesto come up with effective responses.

The PM requested them to further accelerate COVID-19 vaccine rollout, provideinstructions for virus control in the new context and remove legal and policybarriers to planning, public investment, socio-economic recovery and nationaltarget programmes.

He also asked for the stablisation of macro-economy; effective control ofinflation; transparency of the security, bond and real estate markets;acceleration of green growth, energy transition, and digital transformation;and restructuring of the monetary market, among others.
Greaterattention must be paid to the disbursement of public investment as it is thekey task of ministries, sectors and local administrations in the coming time,the leader said.

The PM ordered the Ministry of Education and Training to address concerns overnew textbooks, saying the ministry must consider factors like feasibility,convenience and cost-efficiency to bring benefits to people and the society.

Reports showed that despite the global uncertainties caused by the Russia -Ukraine conflict, rising costs and potential risks of security and food crisis,Vietnam saw progress in socio-economic development in May and the first fivemonths of this year.

The five-monthCPI rose by 2.25 percent year on year. State budget revenue expanded 18.7percent compared to the same period last year and made up 57.1 percent of the estimate.

The country’s import-export turnover surged 15.6 percentyear-on-year. Industrial Production Index (IIP) edged up 8.3 percent, withmanufacturing picking up 9.2 percent.

According to Nikkei Asia, Vietnam jumped 48places to 14th in the COVID-19 Recovery Index for May.

With more than 80 percent of the populationfully vaccinated and 60 percent got booster doses, Vietnam received ascore of 27 out of a possible 30 for inoculations, Nikkaei said.

It also said Vietnam is also the first country inSoutheast Asia to exempt foreign travelers from all testing, vaccination andquarantine requirements./.
VNA

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