PM requires strictly implement Government's resolution to improve investment environment
Concluding the second session the Government’s new term on August 31, Prime Minister Nguyen Xuan Phuc asked ministers and local authorities to regularly check the implementation of the Government’s resolution to support businesses and improve the investment environment.
Speaking at the Cabinet regular monthly meeting, on August 31, Prime Minister (PM) Nguyen Xuan Phuc highlighted the need to improve the transparency of Government activities.
The PM requested a reduction in the number of meetings, saying that government officials should understand daily life.
PM Phuc asked the Government Office to intensify supervision of ministries and localities in implementing tasks assigned by the Government.
He asked for greater use of information technology in organising Government activities as well as the PM and deputy PM’s management work, saying that it will save time.
In the afternoon session, the Cabinet discussed the social and economic situation in the first eight months of 2016.
The consumer price index (CPI) was a highlight of the August macro economy, which a rise of 0.1 percent over July. The CPI of the first eight months rose by 1.91 percent compared to the same period last year.
Total State budget revenues by mid-August were nearly 604 trillion VND (26.8 billion USD), equivalent to 59.5 percent of the estimated revenues of the whole year.
Foreign direct investment continued to rebound in the reviewed period with a total registered capital of nearly 14.4 billion USD, of which nearly 9.8 billion USD was for implementing projects. Newly-registered enterprises increased by 19.7 percent.
The Ministry of Planning and Investment reported that of the 13 targets of social and economic development set for this year, 11 targets will possibly be reached or exceeded, with two targets likely to be missed.
One targets set to be missed is achieving gross domestic product (GDP) growth of 6.7 percent. The ministry attributed the likely failure to the decline of crude oil and disasters that adversely affected agricultural production.
Another target that may be difficult to reach achieve is increasing exports by 10 percent due to reduced fish catches, the decline in global oil prices and a drop in price of the country’s major exports.
The PM noted that the people want to see concrete results from what the Government promised.
The Government cited a World Bank report indicating that the investment environment ranking of the country rose from 93 to 90 out of 189 economies, while the index for start-up business rose from 125 to 119 and access to credit rose from 36 to 28.
The PM asked ministers and local authorities to regularly check the implementation of the Government’s resolution to support businesses and improve the investment environment.
PM Phuc also reminded the Ministry of Natural Resources and Environment and the People’s Committee of central Ha Tinh province to clarify responsibility in the Formosa case, in which the Taiwan-invested steel project was found to have polluted the sea environment.
At the cabinet meeting
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PM Phuc asked the Government Office to intensify supervision of ministries and localities in implementing tasks assigned by the Government.
He asked for greater use of information technology in organising Government activities as well as the PM and deputy PM’s management work, saying that it will save time.
In the afternoon session, the Cabinet discussed the social and economic situation in the first eight months of 2016.
The consumer price index (CPI) was a highlight of the August macro economy, which a rise of 0.1 percent over July. The CPI of the first eight months rose by 1.91 percent compared to the same period last year.
Total State budget revenues by mid-August were nearly 604 trillion VND (26.8 billion USD), equivalent to 59.5 percent of the estimated revenues of the whole year.
Foreign direct investment continued to rebound in the reviewed period with a total registered capital of nearly 14.4 billion USD, of which nearly 9.8 billion USD was for implementing projects. Newly-registered enterprises increased by 19.7 percent.
The Ministry of Planning and Investment reported that of the 13 targets of social and economic development set for this year, 11 targets will possibly be reached or exceeded, with two targets likely to be missed.
One targets set to be missed is achieving gross domestic product (GDP) growth of 6.7 percent. The ministry attributed the likely failure to the decline of crude oil and disasters that adversely affected agricultural production.
Another target that may be difficult to reach achieve is increasing exports by 10 percent due to reduced fish catches, the decline in global oil prices and a drop in price of the country’s major exports.
The PM noted that the people want to see concrete results from what the Government promised.
The Government cited a World Bank report indicating that the investment environment ranking of the country rose from 93 to 90 out of 189 economies, while the index for start-up business rose from 125 to 119 and access to credit rose from 36 to 28.
The PM asked ministers and local authorities to regularly check the implementation of the Government’s resolution to support businesses and improve the investment environment.
PM Phuc also reminded the Ministry of Natural Resources and Environment and the People’s Committee of central Ha Tinh province to clarify responsibility in the Formosa case, in which the Taiwan-invested steel project was found to have polluted the sea environment.
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