Presiding over the Cabinet meeting on May 4, the PM also required the Minister of Industry and Trade to take measures to address the declining exploitation and production of the mining sector.

Looking back upon the socio-economic situation in the past month, the Government leader expressed delight at the strong growth in the number of tourists in the four-day national holiday on the occasion of the anniversary of the Liberation of the South and National Reunification.

 At the meeting 
He noted that the macro-economy and consumer price index remained stable, while economic growth pace continued to recover and credit was at the highest growth rate in recent years.

Foreign direct investment attraction continued to rise with USD 10.8 billion of investment so far this year, while State budget collection showed good signs, he said, adding that in April, nearly 40,000 new businesses were set up, along with VND 825 trillion (USD 36.2 billion) in investment poured into the economy.

Analyzing the weaknesses and problems that need to be addressed promptly, the PM mentioned the delay in the distribution and disbursement of public investment capital.

Exports of products like iron and steel, petroleum, chemicals, and cattle-feed are sinking, while the equalization of State-run businesses is progressing at a snail’s pace.

The number of private businesses has been increasing, but they are mainly small-and medium-sized, he noted.

He requested the Ministry of Home Affairs to devise measures to strengthen administrative discipline and prevent violations related to personnel work.

Regarding the land issue in Dong Tam commune, My Duc district, Hanoi, the PM ordered ministries, departments and localities to work out solutions to prevent the recurrence of such incidents.

“It is impossible to just focus on economic growth but underestimate the guarantee of social order and safety”, he said.

In this spirit, the PM directed cabinet members to spare no efforts to promote economic growth while ensuring social order and security across the country.

Businesses and people are relying on government and localities’ actions to see better changes in the future, he added.

He also suggested cabinet members discuss how to deal with 12 loss-making projects.

Source: VNA