Government gives priority to stabilising macro-economy

While underlining ways that will be taken by the Cabinet in the coming time at the Government’s regular press conference on April 3, Dung said the Government will focus on promoting rapid growth in mining industry and agriculture.

Drastic measures will also be implemented to deal with bad debts and inefficient banks, while developing the private economic sector and mobilising resources from this sector for development investment, he stressed.

The Government will continue giving priority to making it easy for enterprises to expand production and business, he said, adding that the disbursement of investment sources will be accelerated for both State-owned and private economic sectors.

Ministries, sectors and localities were asked to implement the Government’s Resolution 19 and Resolution 35, towards improving the business climate and competitiveness of the nation, and further supporting enterprises’ development.

Deputy Minister of Planning and Investment Dao Quang Thu attributed the first quarter’s low GDP growth of 5.1 percent to a decline in the mining industry’s growth.

However, he said that in the first three months, macro balances on finance and budget was ensured, inflation was curbed and the numbers of new-established enterprises and others resuming their operation increased, showing businesses’ increasing confidence in the business climate.