PM calls for efforts to achieve growth target of 6.7 percent
Prime Minister Nguyen Xuan Phuc has requested ministries and sectors to make greater efforts in order to achieve a growth rate of 6.7 percent in 2017, thus contributing to the accomplishment of growth target set for 2016-2020 by the Central Party Committee and the National Assembly.
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has requestedministries and sectors to make greater efforts in order to achieve a growthrate of 6.7 percent in 2017, thus contributing to the accomplishment of growthtarget set for 2016-2020 by the Central Party Committee and the NationalAssembly.
While chairing a meeting with leaders of ministries and sectors inHanoi on May 22, PM Phuc said this year’s economic growth is of importance,affecting many other macroeconomic indicators, especially state budgetcollection and spending, public debts, employment and income of workers.
Therefore, the government leader asked his deputies, ministers andheads of sectors to make drastic instructions, update the situation andactively take suitable solutions in a bid to achieve their own goals and thecountry’s growth target as well.
He assigned the Ministry of Planning and Investment to summarisereports and other ministries, particularly the Ministries of Industry andTrade, Agriculture and Rural Development, Construction, and Transport, toupdate the government on the implementation of their own growth targets atmonthly cabinet meetings.
Meanwhile, the Ministry of Planning and Investment, the Ministry ofFinance and the State Bank of Vietnam were ordered to work out specificsolutions to remove difficulties, boost growth and ensure macroeconomicstability, hence laying a foundation for sustainable growth.
At the April meeting and in its report presented at the opening of thethird session of the 14th National Assembly on May 22, theGovernment also mentioned growth targets of major sectors in 2017.
Accordingly, the agriculture sector is expected to obtain a growth rateof 3.05 percent; industry and construction, 7.91 percent; and service, 7.19percent.-VNA
Despite expectations of stable interest rate levels this year, credit institutions have made adjustments in their forecast for capital mobilisation and credit growth in the second quarter and the year.
Vietnam is facing tough challenges to fulfil its economic growth target for this year amidst the country is experiencing trade deficit and depending on foreign direct investment sector.
At the third session of the 14th National Assembly on May 22, the legislature heard the Government’s report on the implementation of socio-economic development and State budget tasks in 2016.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
The ASEAN flag-hoisting ceremony is observed by the 10 ASEAN member countries on August 8 every year, aiming to spread and promote the ASEAN identity and affirm the determination to unite and cooperate for the common aspiration of long-term peace and prosperity of Southeast Asian countries under the common roof of the ASEAN Community.
Vice Chairman of the municipal People’s Committee Nguyen Manh Cuong highlighted ASEAN’s nearly six decades of development, during which the region transformed from division to harmony, from confrontation to cooperation, and from poverty to dynamic growth, becoming a global bright spot for regional cooperation.
Thirty years ago, on July 28, 1995, Vietnam’s accession to ASEAN marked a historic strategic decision, opening a new chapter in the country’s integration process and beginning its strong rise.
Ambassador Vu Le Thai Hoang has outlined specific priorities and proposals for cooperation with the UNODA in preparation for the upcoming 11th Review Conference of the Non-Proliferation of Nuclear Weapons (NPT).
The Vietnamese Party leader's visit is therefore expected to mark a new stage in the development of the Comprehensive Strategic Partnership between the two countries, with a focus on such areas as digital transformation, supply chains, semiconductors, clean energy, and maritime security, Choe assessed.
At their meeting, which took place in the Angolan capital of Luanda on August 7 as part of State President Luong Cuong’s ongoing state visit to the African nation, the two officials also agreed to make full use of existing cooperation mechanisms, particularly the Vietnam – Angola Intergovernmental Committee, and step up exchanges of delegations at all levels.
President Luong Cuong's talks with his Angolan counterrpart João Manuel Gonçalves Lourenço, Vietnamese leader's receptions for a delegation from the Japan – Vietnam Parliamentary Friendship Alliance, and the Government's regular meeting for July are among news highlights on August 7 evening.
Over the past five decades, the Vietnam - Angola relationship has grown steadily, marked by political trust and close bonds between their Parties, States, Governments, and peoples, said Deputy Prime Minister and Foreign Minister Bui Thanh Son.
President Luong Cuong called on the two countries to join hands to promote South – South cooperation, contribute to building a fair and equal global political and economic order, safeguard independence and sovereignty, and promote extensive and substantive international solidarity and cooperation.
President Luong Cuong called on the community to remain united, integrate well into local society, adhere to local laws, and continue contributing to both Angola’s development and Vietnam – Angola relations.
Vietnamese President Luong Cuong and Speaker of the National Assembly (NA) of Angola Carolina Cerqueira agreed to continue strengthening political trust, boost high-level delegation exchanges via all channels, including the parliamentary one, and create favourable legal conditions for bilateral cooperation.
Vietnamese State President Luong Cuong and Angolan President João Manuel Gonçalves Lourenço met with the press right after concluding their talks and witnessing the signing of seven cooperation agreements between the two countries in Luanda on August 7.
State President Luong Cuong stressed the fraternal ties between Vietnam and Angola as a shared invaluable asset. It serves as a solid foundation for both countries to enter a new phase of development, further foster political trust and mutual support between the two Parties and States, and deepen the solidarity and mutual understanding between their people.
At the dialogue, both sides expressed satisfaction with the intensive and extensive development of bilateral relationship since it was elevated to a Comprehensive Strategic Partnership last year.
Prime Minister Nguyen Xuan Phuc (Source: VNA) 
