Gov’t pledges to maintain growth target

Prime Minister Nguyen Xuan Phuc chairs the Cabinet meeting on May 4, 2017. (Photo: VGP News)

The Government chief tasked industry and trade sector to increase productivity of some key industries, including coal and oil exploitation, manufacturing and power generation.

The agriculture sector needs to ensure growth rate of at least 3% for the rest of the year with the export value of more than US$33 billion.

The PM asked the Ministry of Agriculture and Rural Development, the Ministry of Industry and Trade and the Ministry of Foreign Affairs to accelerate talks in a bid to expand export market for agricultural products amid falling prices of commodities like pork and water melon.

He called for strict punishments against leaders of State-owned enterprises who failed to carry out re-arrangement and equitization process and divestment of state capital from non-core business lines.

Competent agencies have to review foreign direct investment inflows to increase the quality of foreign capital and avoid making Viet Nam the destination for outdated technology transfer.