Prime Minister Nguyen Tan Dung chaired a meeting with representatives of several ministries and agencies to evaluate impacts of the world’s fast-changing economy on the domestic economy.
Prime Minister Nguyen Tan Dung chaired a meeting with representatives of several ministries and agencies to evaluate impacts of the world’s fast-changing economy on the domestic economy.
Reports presented at the event analysed and made proposals for issues regarding the sharp global oil price decline as well as unexpected developments of stock markets, adjustments of international currencies following China’s yuan devaluation as well as forex rate of countries worldwide.
Delegates said that the initial response and solutions are timely and suitable, however they stressed on the need to keep a close watch on changes of the world economy, then swiftly putting forth solutions in order to limit its adverse impacts and extract advantages.
The Ministry of Finance affirmed that with the current global oil price, State budget collection has still been ensured and is expected to fulfil the set target of 8 percent.
The State Securities Commission and relevant ministries also affirmed that the stock market will recover in the coming time and welcome new flows of currencies.
Regarding the interest and forex rate, Governor of the State Bank of Vietnam Nguyen Van Binh said there is no reason to continue devaluating the Vietnam dong.
The participant said with such moves over the past time, Vietnam has till controlled the macro-economy, growth rate, inflation, State budge collection, import-export activities and production.
Addressing the event, Prime Minister Nguyen Tan Dung lauded efforts of ministries in keeping close watch to the general situation as well as their close coordination in proposing timely solutions, which helped keeping the macro-economic and socio-economic targets on right track.
However, he held that due to unexpected changing world situation and its impact to Vietnam , it is crucial to stay active in dealing with difficulties and challenges and opimising new opportunities.
He asked ministries and agencies to continue keeping a close eye on developments and prepare measures for the worse situation.
He also requested for the provision of smooth and updated information as well as forecast and solutions to people and enterprises for high consensus.
The PM also directed ministries and agencies to stay firm with set targets, with macro-economic stability being the utmost goal.
Meanwhile, it is necessary to better control the exchange rate and interest rate, while enhancing measures to manage the securities market, aiming for increased income and reduced expenditure, he said.
At the same time, he also asked for more efforts in boosting production, business and investment, especially in oil and gas sector, together with stronger measures to increase exports, reduce imports, and combat smuggling and trade fraud.-VNA
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Despite climbing production indexes, the national oil and gas group PetroVietnam saw its half-year revenue reduce by 8 percent annually due to dropping oil prices.
Prime Minister Nguyen Tan Dung chaired a meeting with relevant ministries, sectors and agencies to look at the possible impacts of the Chinese yuan’s devaluation on Vietnam’s economy.
Vietnam is deeply concerned about the escalating and complex conflict in the Middle East, which poses a serious threat to the lives and safety of civilians, as well as to regional and global peace and stability.
The Vietnamese Embassy advises the Vietnamese community living, studying, and working in Israel to strictly comply with directions from the Home Front Command and local authorities.
Lawmakers are set to vote on revisions and amendments to a broad spectrum of legal frameworks and impactful resolutions during the final week of the 15th NA's 9th session.
The State Committee for Overseas Vietnamese Affairs (SCOVA) has served as a bridge connecting and uniting the community with the homeland, becoming a trusted source of support for Vietnamese expats in times of hardship.
The programme to eliminate temporary and dilapidated houses has achieved notable results, with nearly 263,000 housing units addressed to date, including 225,000 houses inaugurated and 38,000 under construction. Thirty-eight provinces and cities across the nation have already fulfilled their targets.
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
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Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
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Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
PM Nguyen Tan Dung at the event (Source: VNA)
