Prime Minister Nguyen Xuan Phuc has underlined four major tasks that need to be implemented in the remaining months of 2017 so as to comprehensively achieve this year’s socio-economic development targets.

Prime Minister Nguyen Xuan Phuc spoke at the Government’s regular meeting on ​November 3

While chairing the Government’s regular meeting on November 3, PM Phuc said the country recorded the best socio-economic performances in all aspects in October compared to the previous months of the year. 

However, there remain shortcomings that National Assembly deputies pointed out at the parliament’s ongoing fourth session, especially heavy human and property losses estimated at approximating 40 trillion VND (1.76 billion USD), caused by recent floods, he said.

The PM stressed that the Government’s direction from now to the end of 2017 will focus on settling flood consequences, fulfilling the plans of 2017, ensuring safety for the APEC Economic Leaders’ Week, and well serving the parliament’s fourth session.

PM Phuc asked the Cabinet members and relevant localities to continue addressing flood consequences and proactively cope with the approaching storm Damrey. 

The implementation of socio-economic, security-defence and diplomatic tasks in the year-end months is another major mission since the remaining workload is heavy and it can’t be done well without drastic efforts, he said.

At the meeting, the Cabinet leader requested the Governor of the State Bank of Vietnam to keep a close watch on and be more flexible in steering monetary and credit policy so as to control inflation and ensure stable USD/VND exchange rate. 

The central bank needs to push ahead with cutting lending interest rates, restructuring poor-performing credit institutions and settling bad debt, PM Phuc stressed.

He urged the Ministry of Planning and Investment to speed up the disbursement of investment capital, which is currently an obstacle to socio-economic development. 

Meanwhile, relevant agencies were asked to continue promoting export, enhancing online export-import activities, capitalising on FDI projects and building national brands for agricultural products.-VNA