Addressing the Government’s regular meeting in Hanoi on August 1, the leader said the consumer price index (CPI) in the month increased 0.18 percent as compared with June.

During the January-July period, the index went up 2.61 percent year-on-year, the lowest seventh-month rise over the past three years, he noted.

PM Nguyen Xuan Phuc speaks at the meeting.

PM Phuc also highlighted the progress in State budget collection, agriculture, social welfare, employment, poverty reduction, health care, education and tourism, adding that foreign tourists to Vietnam expanded nearly 8 percent in July.

Vietnam’s Purchasing Managers’ Index (PMI) climbed from 52.5 points in June to 52.6 points last month, making the country rank second in the Association of Southeast Asian Nations (ASEAN) in the rankings, only after Myanmar with 52.9 points, he said.

Despite global economic difficulties, international organisations like the Asian Development Bank (ADB), the International Monetary Fund (IMF) and the World Bank (WB) still have an upbeat outlook on Vietnam’s growth, the PM added.

The leader pointed out difficulties facing the agricultural sector, the approaching Storm Wipha, the prolonged drought in the central and Central Highlands regions and the outbreak of African swine fever (ASF).

He, therefore, asked the Government members to focus their attention on these issues in order to work out countermeasures at an early date.

PM Phuc stressed the need to deal with the slow progress of some key industrial, energy and transport projects by the end of this year, as well as shortcomings in the disbursement of capital investment sourced from the State budget, and production and business activities, especially those facing small- and medium-sized enterprises.

During the meeting, the Government members will also look into bottlenecks in investment of businesses under the wing of the Committee for Management of State Capital at Enterprises and the master plan on socio-economic development at mountainous, ethnic minority-inhabited and disadvantaged areas for 2021-2025, and other issues.

547 new businesses established in first six months

(BGO) – Bac Giang province has granted the business registration certificate to 547 enterprises and 37 branches and representative offices in the first six month of this year, up 6.6 percent comparing to the same period last year with total registered capital of over 4.6 trillion VND (197.2 million USD) increasing 14.8 percent against previous figure.  

Vietnam launches first White Book on businesses

The first ever White Book on Vietnamese businesses will be published soon and it will be an annual issue thereafter.

National quality awards presented to 75 businesses

The Vietnam National Quality Awards 2018 were presented at a ceremony in Hanoi on June 23, honouring 75 companies with remarkable achievements in product and service quality and business performance.

Hanoi rolls out red carpet for Danish businesses

Hanoi stands ready to create favourable conditions for Danish investors who come to seek investment opportunities and do business in the capital city, Chairman of the municipal People’s Committee Nguyen Duc Chung has said.

Vietnam’s supporting industries attract Korean businesses

More and more businesses from the Republic of Korea (RoK) are coming to Vietnam to operate in supporting industries.

Source: VNA