A national online conference on socio-economic situation in the first month
A national online conference on socio-economic situation in the first month (22/07/2019)
On July 4th, the Prime Minister Nguyen Xuan Phuc chaired an online conference with provinces assess the socio-economic situation for the first 6 months and deploy tasks for 2019. In Quang Nam, Secretary of the Provincial Party Committee Phan Viet Cuong and Chairman of the provincial People's Committee Dinh Van Thu, representatives of the departments, departments and agencies attended the conference.


According to the report, the growth of Gross Domestic Product (GDP) in the first 6 months of 2019 is estimated at 6.76%, although lower than the increase of the first 6 months of 2018, but still higher than the increase of the 6 months of the years from 2011-2017. The agricultural sector faced difficulties due to the spread of African swine flu, so it increased only 1.3%, much lower than the 3.07% increase of 6 months of 2018. The fishery sector grew at 6.45%, the highest growth rate of the first 6 months in the last 9 years.

The average Consumer Price Index (CPI) in the first 6 months of 2019 increased by 2.64% compared to the same period in 2018. Disbursement of Foreign Direct Investment (FDI) in the first 6 months was estimated at 9.1 billion US dollars, an increase of nearly 8% over the same period. Total retail sales of consumer goods and services, international arrivals to our country increased. Exports reached USD $122.4 billion, imported reached USD $120.8 billion, export surplus reached USD $1.6 billion. In the last 6 months, the country has nearly 67,000 newly established enterprises, up 3.8% in number of enterprises and 32.5% in registered capital.

In Quang Nam, for the first 6 month, the total state budget revenue was more than 12,600 billion VND, accounting for 54.7% of the estimate; The investment environment has been improved, administrative reforms have been strengthened. The Provincial Competitiveness Index (PCI) in 2018 ranked well, ranking 7th in 63 provinces and cities nationwide. The number of newly established enterprises increased sharply over the same period, with 772 newly registered enterprises, an increase of about 14% over the same period.

Speaking at the conference, Prime Minister Nguyen Xuan Phuc thoroughly grasped the spirit of striving to complete and exceeding the targets assigned by the Central and the National Assembly. In that spirit, the Prime Minister noted that, with complicated international and regional contexts and unpredictable forecast, the requirements for all ministries, branches and localities are to be flexible and responsive, timely and unconvincing, to clearly define key tasks and solutions for each ministry, branches and localities on a stronger decentralized spirit, further promoting the responsibility of leaders, more proactive and flexible in directing and operating, mobilizing the participation of the political system, the business community and the entire people.



Translator: Nhat Ha

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