• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Cabinet discusses ways to realize socio-economic development targets amid COVID-19 outbreak

VGP – The Government convenes its monthly session on March 3, under the chair of Prime Minister Nguyen Xuan Phuc, to discuss on urgent measures to implement socio-economic development targets amid the COVID-19 outbreak.

03/03/2020 09:32

JAN-FEB growth rates of key economic indicators incomparison with the same period of2019.

     >>> Infographics: How economy performs in first two months amid COVID-19 epidemic

     >>> Daily COVID-19 update: More tested negative, less suspected cases

The Cabinet will review socio-economic performance in February and the first two months of 2020 and assess negative impacts of the epidemic on short-term and mid-term economic growth.

The epidemic has seriously affected all sectors of the national economy, especially investment and trade, disrupting production value chain and putting brake on consumption and growth, said pundits.

According to the report of the Ministry of Planning and Investment, Viet Nam’s Jan-Feb export value was estimated at US$36.9 billion, a year-on-year increase of 2.4%, in which the export value of foreign-funded and State sectors rose by 0.9% and 6%, respectively. 

A Cabinet meeting. Photo: VGP

     >>> COVID-19 combat remains top priority amid rising infections, PM Phuc says

The consumer price index (CPI) in February decreased 0.17% against the previous month but it increased to seven-year high of 5.91% in the first two months. 

The index of industrial production (IIP) in February, 2020 increased by 8.4% compared to the previous month and up 23.7% in comparison with the same period last year. The IIP in the first two months of 2020 was estimated to pick up 6.2%, of which the processing and manufacturing sector and electricity production and distribution rose 7.4% and 8.4%, respectively. 

As many as 17,400 firms were established during the months, with total registered capital of VND364,000 billion, up 9.1% and up 47.1% in terms of the number of firms and registered capital volume against the same period last year. 

However, due to impacts of the COVID-19 epidemic, the FDI realized capital reduced by 5% and the newly-registered FDI capital and share purchases and contributions of foreign investors was down 23.6% against the same period last year. 

The total retail sales and service revenues saw a year-on-year increase of 9.3% while the number of foreign arrivals only increased by 4.8%, the lowest growth rate over the first two months of the 2016-2020 period. 

Despite the epidemic, the Government has sticked to the dual mission of fighting the epidemic and ensuring growth./.

By Thuy Dung