National economy stays stable
(VOV) -Vietnam’s macro-economy has been kept stable and recovery remained on track during the first eight months of this year amid complicated global economic fluctuations, said the Ministry of Planning and Investment (MoPI).
At the cabinet monthly meeting on August 31, the Ministry pointed out the slow pace of the consumer price index (CPI), the rapid credit growth rate compared to last year's same period, stable interest rates and flexible adjustments to exchange rates.
During the eight-month period, industries were much higher growth rates than those of previous years, notably in processing and manufacturing. Aggregate demand and purchase power also improved with a sharp rise in the total retail sales of goods and services.
The country sustained its growth momentum in overseas shipments and the import of materials and machinery serving production and exports, the MoPI said, noting that trade deficits in the reviewed period were kept under control.
The ministry stated that progressed was also seen in social welfare, political security and social order and safety.
During the two-day meeting through September 1, the Government will scrutinise reports on the 2016 draft socio-economic development plan, the public investment plan between 2016-2020, the State budget for this year and estimates for 2016, and the results of the State-owned enterprise restructuring in the eight months.
The national plan on land use for the next five years and some draft laws will be touched upon during the meeting.
During the eight-month period, industries were much higher growth rates than those of previous years, notably in processing and manufacturing. Aggregate demand and purchase power also improved with a sharp rise in the total retail sales of goods and services.
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The country sustained its growth momentum in overseas shipments and the import of materials and machinery serving production and exports, the MoPI said, noting that trade deficits in the reviewed period were kept under control.
The ministry stated that progressed was also seen in social welfare, political security and social order and safety.
During the two-day meeting through September 1, the Government will scrutinise reports on the 2016 draft socio-economic development plan, the public investment plan between 2016-2020, the State budget for this year and estimates for 2016, and the results of the State-owned enterprise restructuring in the eight months.
The national plan on land use for the next five years and some draft laws will be touched upon during the meeting.