Prime Minister Nguyen Xuan Phuc has called for greater efforts to restart the national economy with the aim of achieving a GDP growth of over 5 percent and keeping inflation under 4 percent this year.
PM Phuc announced the targets at a meeting that was connected to 93 venues in provinces and cities across the country as well as ministries and sectors. It was also broadcast live by Vietnam Television.
To that end, the PM ordered focusing on attracting investment from domestic economic sectors, firstly the private sector, and foreign direct investment, stepping up exports, promoting public capital disbursement, and encouraging domestic consumption.
Vietnam has huge, sustainable growth potential for the long term, he said, adding that the country is among economies considered safe in the post-COVID-19 period, with tens of free trade agreements with the world’s 38 biggest markets.
The leader asked domestic businesses to optimize opportunities generated by the transform of value chains during which Vietnam has been regarded as the centre.
Vietnam grew 3.82 percent in the first quarter of this year, the lowest over the past decade, he said, but noting that it was the highest among ASEAN.
The PM reiterated the duo target of fighting the pandemic and maintaining economic activities, along with administrative reform and restructuring.
The meeting looked into the implementation of policies that have been rolled out to assist domestic enterprises in operation and epidemic prevention and control./.