Fri. Dec 27th, 2024

Prime Minister Nguyen Tan Dung has asked cabinet members to seek
stronger measures to further improve business and investment
environment, enhance productivity and speed up economic restructuring.

He made the request when opening the regular
Government meeting on September 29 in Hanoi to discuss
socio-economic situation in the first nine months of 2014 and look for
ways to promote growth for the rest of the year.

Hastening the reform of institutions and administrative procedures as
well speeding up restructuring of public investment, State-owned
enterprises and commercial banks is also needed to make more obvious
changes, he stated.

The PM noted that among 15
socio-economic targets set by the National Assembly for this year, 13
are likely to be fulfilled, while the goal of creating jobs for 1.6
million labourers is almost achieved and only one target cannot be met,
which is raising the ratio of trained labourers to 51 percent of the
workforce.

The Ministry of Planning and Investment
reported that in the nine-month period, the economy continued showing
signs of recovery in all key sectors, with GDP growth reaching 5.62
percent, higher than the same period in the last two consecutive years.

Particularly, industrial production, especially
processing and manufacturing, recorded a sharp rise year on year, while
exports maintained high growth and a trade surplus, said the report.

Meanwhile, inflation was controlled, consumer price
index stayed stable and social welfares as well as social security and
safety continued to be ensured.

During the meeting,
cabinet members also heard a number of reports on the implementation of
Government resolutions on improving business environment and
competitiveness, equitising State-owned firms, among others.-VNA

By vivian