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PM urges business, production ramp-up

Prime Minister Pham Minh Chinh has asked ministries, agencies and localities to drastically instruct the removal of obstacles to major projects, while stepping up inspections to handle limitations in production, business, construction investment and trade.
PM urges business, production ramp-up ảnh 1The national GDP in the first quarter of this year grows 3.32% year-on-year. (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham MinhChinh has asked ministries, agencies and localities to drastically instruct theremoval of obstacles to major projects, while stepping up inspections to handlelimitations in production, business, construction investment and trade.

In a dispatch sent to leaders of ministries, agencies,cities and provinces, the PM pointed out that amid global geo-political and economic uncertainties, Vietnam will face a host of challenges, especially inbusiness, construction investment and trade.

Greater efforts should be made to untangle knotsregarding administrative procedures, credit access, business conditions, bankliquidity, debts and taxes in order to pave the wave for big, key projects, hesaid, stressing the need to maintain and boost economic engines likeinvestment, export-import and consumption.
PM urges business, production ramp-up ảnh 2Illustrative image (Source: VNA)
The PM will assign Government members andrepresentatives from ministries and agencies to hold working sessions withlocalities over business, production, construction investment and trade.

They will figure out problems, and propose specific,feasible solutions to soon reboot growth and successfully achievesocio-economic tasks and targets set for 2023 and the 2021-2026 period.

Chairpersons of People’s Committees of cities andprovinces were asked to report such activities in their localities,particularly those in major areas and projects, and raise specific proposals tothe Ministry of Planning and Investment (MPI) by April 13.

The MPI will coordinate with other ministries andagencies to outline work plans for the Cabinet members, and classify problemsbased on the reports by the localities and send them to the PM and Cabinetmembers.

According to the dispatch, the national GDP in thefirst quarter of this year grew 3.32% year-on-year. However, the value added inindustry and construction dropped by 0.4% due to high production costs and decliningorders in key industrial sectors such as electronics, garments-textiles, leatherand footwear, and wood./.
VNA

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