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PM requires achieving GDP growth of 6.7% in 2016

PM Nguyen Xuan Phuc on April 21 held a working session with the Ministry of Finance (MOF), following his meeting with the Ministry of Planning and Investment.

PM Nguyen Xuan Phuc on April 21 held a working session with the Ministry of Finance (MOF), following his meeting with the Ministry of Planning and Investment.

PM Nguyen Xuan Phuc (centre) held a working session with the Ministry of Finance
 on April 21

In the first quarter, GDP grew 5.46%, a slight decrease compared to the same period last year, which requires a number of prompt and drastic measures to accelerate production for the set GDP growth target of 6.7% for the whole year, he said.

The PM hailed efforts of the MOF in ensuring the national finance security, asking it to monitor the fiscal policy effectively to boost growth, facilitate production and business activities and maintain public and Government debts at safe level.

PM Phuc requested the MOF to realize measures to prevent losses, reform customs procedures, promote the development of the capital and stock markets as well as speed up the equitization of the State-owned enterprises.

Regarding the State budget revenue, he highlighted the need for practicing thrifts, strengthening the management of prices and synchronously monitor the fiscal and monetary policies.

Deputy PM Vuong Dinh Hue suggested the MOF restructuring the State budget spending, maintaining the inflation rate below 5% and establishing a specialized agency for monitoring the State capital.

Source: VGP
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