Firm instructions needed to reach annual growth goal

Thien Thanh Sanitaryware joint company



Firm instructions needed to reach annual growth goal

This year’s economic growth rate goal of 5.8 percent is unlikely achievable in the absence of firm instructions and high resolution, Prime Minister Nguyen Tan Dung has stated.

Chairing the Government’s monthly July meeting in Hanoi on July 30-31, the PM asked for all-out efforts from ministries, sectors and localities to realise all goals and targets set for the year when none of them will be adjusted.

The Government members agreed that greater efforts must be in place for the 5.8 percent growth goal, suggesting solutions to eliminate bottlenecks to operations of businesses and markets and better the investment and business environment.

They reasserted the need to reduce the country’s dependence on a single market and a certain partner, speed up the disbursement of Foreign Direct Investment and Official Development Assistance, and reinforce the combat against cross-border smuggling.

They agreed that special attention should be given to the restructuring of State-owned enterprises, pointing out that the process remains slow.

According to the Prime Minister, the restructuring, especially at big economic groups and weak-performing commercial banks, must continue sternly.

The Government will organise a national conference on restructuring public investments in a bid to gather more strength to hasten the work in the coming time, he pledged.

Among the efforts to be made from now to the end of this year for the set goals, the PM asked for continuing streamlining significantly administrative procedures.

He mentioned to those relating to tax, customs, business registration, land and construction, requiring ministries and relevant agencies to evaluate the one-stop shop model for a nationwide application as soon as possible.

PM Dung declared that the Government will issue its own resolution on tax solutions to remove hindrances to businesses, along with proposing the National Assembly consider the application of preferential corporate tax treatment for the supporting industry, among others.

He reminded ministries, sectors and localities of providing adequate treatments to social welfare beneficiaries, mountainous residents, ethnic minority and natural disaster-affected people.

Regarding the issue of Vietnamese workers in Libya, the Government head asked the Ministry of Labour, Invalids and Social Affairs and the Ministry of Foreign Affairs to keep a close watch on how the situation develops and prepare plans to ensure the workers’ safety. As many as 1,750 Vietnamese workers were sent to work in Libya in 2013.

He requested ministries, sectors and localities to pay attention to maintaining political security, social order and firmly safeguarding national independence and territorial sovereignty.

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