PM Nguyễn Tấn Dũng presides over the Government’s regular meeting in May, Hà Nội, June 3 – Photo: VGP/Nhật Bắc |
These goals needed to be achieved by the year end, asserted PM Nguyễn Tấn Dũng at the May regular meeting which was held on June 1-2 in Hà Nội.
Positive outcomes
In the context when many countries in the world have been struggling against a variety of difficulties, including price hikes, soaring inflation, food and energy security problems, and political complexity, socio-economic performance in Việt Nam showed positive signs.
These were a contraction of 5% in budget overspending, a decline in CPI, and an impressive surge of 32.8% in export turnover.
Group of solutions
However, difficulties still lie ahead, said Mr. Dũng.
He pointed out that although decreasing, inflation remains high, trade gap is yet to shrink; and the people’s living standards are low.
The Government chief requested his inferiors to resolutely implement the Resolution 11 on key solutions for controlling inflation, stabilizing macro-economy, and ensuring social welfare, to address these matters.
In the short term, Mr. Dũng noted eight prioritized solutions: to (1) apply flexible monetary policy, prioritizing production; (2) control price hikes and prevent speculation; (3) reduce budget overspending; (4) narrow trade deficit; (5) axe public investment; (6) promote social welfare; (7) ensure social security and national defense; and (8) boost information dissemination.
Some major indicators in first five months of 2011
(Source: Report of the Ministry of Planning and Investment)
Items |
Volume |
Comparison against the yearly targets |
Comparison against the same period 2009
|
Volume forecast in first half |
Budget collection |
VND 227.2 trillion |
44.6% |
||
Budget spending |
VND 299.8 trillion |
41.3% |
||
Social development investment |
VND 450 trillion |
|||
FDI disbursement |
95% |
US $5.1 billion |
||
Total retail sales of goods, services |
Over VND 762.7 trillion |
Up 22.5% |
||
Total means of payment |
Up 1.59 against end of 2010 |
|||
Export turnover |
US $34 billion |
Up 32.8% |
||
Import turnover |
US $41.3 billion |
Up 29.7% |
||
CPI |
Up 2.21% |
|||
GDP |
Up 5.6% |
By Hương Giang