Concluding a regular cabinet meeting in capital Hanoi on Tuesday, Phuc said the government would not accept a gross domestic product (GDP) growth of 2.7 percent as forecast by the International Monetary Fund.
Phuc asked ministries, agencies and localities to offer support to firms, continue improving the business environment, especially stepping up major projects, including 37 trillion Vietnamese dong (1.6 billion U.S. dollars) worth of public investment by the Ministry of Transport, thus creating a driving force for the economy, daily newspaper Tien Phong (Pioneer) reported on Wednesday.
The country resumed most economic activities last week following nearly a month under a nationwide social distancing directive.
Vietnam posted economic growth of 3.82 percent in the first quarter of this year, the lowest in the 2011-2020 period, according to the country's General Statistics Office. The country saw a GDP growth of 7.02 percent in 2019, up from the annualized target of 6.6-6.8 percent.
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