He said that no community transmission of Covid-19 being reported in Vietnam for more than two months is a great success for the country, Party, State, and political system, earning plaudits from both the public and the international community.

PM Nguyen Xuan Phuc speaking at the meeting.

However, he noted, the pandemic has had a huge impact on socio-economic matters, presenting an urgent requirement for economic recovery with the motto of taking full advantage of all opportunities when the disease is brought under control.

Due to the impact of the disease, the country’s GDP growth in the second quarter hit a 30-year low of 0.36 percent, part of a first-half figure of 1.81 percent. Twelve out of the country’s 63 cities and provinces posted negative growth.

The PM, therefore, stressed the importance of fighting the disease while at the same time taking action to foster economic growth.

It is necessary to carry out fiscal and monetary policies flexibly to ensure growth, for the general interest of the economy and for employment and incomes, he added.

Emphasising low public disbursement in the first half, he said that if any locality or sector cannot disburse public investment on schedule, he has the right to transfer the capital to another.

The effective disbursement of VND700 trillion (US$30.36 billion) worth of public investment will serve as a short-term stimulus and will drive growth over the remaining months of 2020 and the opening months of 2021, he said.

The PM also stressed the necessity for more measures to expand markets and promote domestic consumption and for greater attention to be paid to perfecting laws, cutting administrative procedures, and developing the night-time, digital and urban economies, among others.

EVFTA, EVIPA approved to boost VN-EU economic, trade relations

National Assembly deputies officially ratified the Europe-Vietnam Free Trade Agreement (EVFTA) and the Europe-Vietnam Investment Protection Agreement (EVIPA) on Monday morning.

Economic resumption should go in line with Covid-19 prevention: committee

The resumption of socio-economic activities post-Covid-19 should be accompanied by absolute pandemic prevention, as the global epidemic is still developing in a complex manner around the world, according to the National Steering Committee for Covid-19 Prevention and Control.

Quang Ninh tops Vietnam’s provincial economic governance for third straight year

The northern province of Quang Ninh remains the most economically competitive province in Vietnam for the third consecutive year, followed by Dong Thap and Vinh Long in the Mekong Delta.

Bac Giang prioritizes Covid-19 control, gradually recovers socio-economic activities

(BGO)- The provincial People’s Committee (PPC) of Bac Giang province held an online conference with its 10 districts and city to evaluate the fight against Covid-19 pandemic. Le Anh Duong, PPC Vice Chairman, Deputy Head of the provincial Steering Committee for Covid-19 prevention and control chaired the conference.

PPC Chairman Duong Van Thai urges to pay high attention to socio-economic development ensuring growth targets

(BGO)- Chairman of the provincial People’s Committee (PPC) of Bac Giang province Duong Van Thai chaired a monthly brief meeting with chairpersons of people’s committee of the districts and city and leaders of the departments and related agencies on 27 February about socio-economic development, administrative reform, dealing with complaints and denunciations, traffic order and safety and land clearance compensation for the key projects.

Source: NDO/VNA