Prime Minister Sets Top Tasks for Ministries and Localities in Q2

8:28:57 AM | 4/8/2022

Prime Minister Pham Minh Chinh requested ministries and localities work together harder to materialize the programs on COVID-19 prevention and control and socio-economic recovery and development in Q2.

Prime Minister Pham Minh Chinh

At a video-teleconference with Chairpersons of 63 provinces and cities on Wednesday, Prime Minister Pham stressed that the country was forecast to encounter mountains of challenges, including high inflation, and price hikes of input materials. 

The Prime Minister tasked his inferiors to pay heed to maintaining the macroeconomic stability, ensure big balances of the economy, and speed up public investment disbursement. 

Business bottlenecks must be resolved and FTAs must also be fully optimized, he said.

The Government chief also stressed the importance of enhancing the competitiveness and resilient capacity of the economy and restructuring poor-performing enterprises, projects and credit institutions. 

In addition, the digital economy, digital transformation, green economy, circular economy should be promoted. 

The Ministry of Natural Resources and Environment was asked to improve weather forecasting capacity. 

The Government leader called for faster vaccination rollout for children and preparing disease prevention scenarios for another possible infection wave.

The Vietnamese economy expanded 5.03 per cent in the first quarter of this year, according to the General Statistics Office. This is higher than the growth rate of Q1 last year which was 4.72 percent and the rate of Q1/2020 at 3.66 per cent, but still lower than the rate recorded in 2019 at 6.85 percent.

The agro-forestry-fishery sector grew 2.45 per cent, the industrial and construction sector 6.38 percent and the services sector at 4.58 percent, contributing 5.76 percent, 51.08 percent and 43.16 percent of the overall economic growth, respectively.