WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Industry
Vietnam PM highlights priorities for remaining months
Ngoc Mai 16:00, 2021/07/02
A flexible and efficient combination of both monetary and fiscal policies is essential to keep stable macroeconomic conditions.

While Vietnam remains steadfast on pursuing the twin goal of containing the Covid-19 pandemic and boosting economic recovery, specific measures should be taken depending on the actual situation in each locality.

 Production at Nippon Paint Vietnam in Quang Minh Industrial Park, Hanoi. Photo: Pham Hung

Prime Minister Pham Minh Chinh made the conclusion at a monthly government meeting on July 1.

“A flexible and efficient combination of both monetary and fiscal policies is essential to keep stable macro-economic conditions, facilitate growth and control inflation,” he continued.

As internal strength is seen as the decisive factor for long-term development, Chinh called for government agencies to continue perfecting legal framework and building strategic infrastructure, along with administrative reform, training high-quality human resources, and addressing inefficient public investment activities.

At present, Chinh noted the Covid-19 fight remains a national priority and in certain provinces/cities.

“In this context, it is imperative for the country to ensure successful implementation of the vaccination strategy,” he stated.

Given the shortage of Covid-19 vaccine supply from now until September, Chinh expected Vietnam to purchase a large number of vaccines in a fair and quick manner while promoting transferring of vaccine technology and boosting production capacity.

To further aid economic recovery, Chinh suggested the necessity for local firms to diversify their export markets and step up efforts in protecting and building brands.

“Vietnam should focus on enhancing quality for key products, especially vegetables and fruits to take advantage of free trade agreements that the country is a part of,” said Chinh.

Meanwhile, the PM requested to further attract investment capital into the manufacturing and processing sector, keep the energy security intact and promote the long-term development of the energy sector based on the market mechanism.

While the services sector has been hit hard by the Covid-19 pandemic, Chinh said this is also an opportunity for restructuring to reduce transportation costs and address immediate issues.

“This is a favorable period for digital transformation and building digital economy and society,” Chinh said, noting the distribution of more than 200.000 tons of lychees amid the Covid-19 pandemic as an example in adopting technological solutions.

“In the coming time, the Government would hold a meeting dedicated to discussing further mobilization of resources and the creation of new driving forces for growth, especially strategic infrastructure investment and addressing bottlenecks in the disbursement of ODA funds,” he noted.

The Government apparatus should continue the fight against corruption, bribery, bureaucracy, and waste to ensure strong and healthy administrative organizations, Chinh added.

RELATED NEWS
TAG: Vietnam Covid-19 vaccine economic recovery twin goal
Other news
22:44, 2024/11/28
Internet users in Vietnam to hit 100 million by 2029
Internet Day 2024 highlighted the rapid growth of internet penetration in Vietnam and the country's strategic plans for digital transformation.
20:55, 2024/11/27
Prime Minister calls for active participation in innovative start-ups
Techfest 2024 is taking place November 26-28 in the northern city of Haiphong.
17:00, 2024/11/26
Hanoi advocates traceability for safe food
Hanoi continues to implement advanced quality management processes in collaboration with various agencies and local authorities.
17:35, 2024/11/23
Hanoi gears up for Tet: ensuring a steady supply of safe food
The city will work closely with other cities and provinces to ensure that consumers in the capital have access to safe food and agricultural products.
14:47, 2024/11/15
Year-end hiring spree as Hanoi companies ramp up recruiting
In the fourth quarter, many major holidays will lead to increased hiring as companies finalize orders and anticipate new projects.
13:33, 2024/11/14
Vietnam's digital economy expected to grow big in 2024
E-commerce is expected to reach US$22 billion in 2024, leading the growth of Vietnam's digital economy.