Prime Minister Nguyen Tan Dung on June 2 chaired the regular government meeting and strongly believed that Vietnam’s economy will likely grow 7 per cent this year, state media said on June 3.
Mr. Dung requested the ministries, sectors and localities propose timely measures to curb inflation and maintain production, suspend and halt non-urgent projects and speed up construction of key projects.
Inflation in May rocketed 25.2 per cent on year, the record high over the past 13 years.
Mr. Dung noted fluctuations of gold prices, hefty trade deficit reaching US$14.4 billion between Jan and May, slow disbursement of state budget-, G-bonds-financed projects are challenges to be addressed.
The industrial production value soared 16.4 per cent to VND271 trillion between Jan and May, the agricultural production signaled stable growth despite epidemics and natural calamities, according to the Ministry of Planning and Investment.
Jan-May retail sales reached VND369 trillion, up roughly 30 per cent on year, including 30 per cent growth of the hospitable sector, the export volume jumped 27 per cent to US$23.4 billion.
Total tax income for state coffer was estimated at VND149 trillion, representing 45 per cent of the year target, FDI value reached US$4 billion, up 25.4 per cent on year.
By the end of May, ministries, sectors and localities, as well as 8 groups, corporations had halted 995 projects totaling VND3.98 trillion, accounting for 7.8 per cent of total state budget-financed investment. (Government’s Website, VNA)
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