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Gov't chief chairs Cabinet April meeting

VGP – PM Nguyen Xuan Phuc on May 4 is chairing the Government monthly meeting for April. 

PM Nguyen Xuan Phuc chairs the Government monthly meeting for April, May 4, 2019 - Photo: VGP/Quang Hieu

    >>> Trade surplus hits US$711 million in four months

The Government members will discuss key contents such as the implementation of Resolution No. 01/NQ-CP on key measures to implement socio-economic development plan and State budget estimate in 2019, the socio-economic development performances in April and the first four months of 2019 and the preparation for the seventh session of the 14th National Assembly and some other key issues. 

According to the report of the Ministry of Planning and Investment, the nation made positive achievements in socio-economic performances in all fields, including the Consumer Price Index (CPI) in April up 0.31% against the previous month and the average CPI in the first four months of 2019 witnessing a year-on-year increase of 2.71%, the lowest figure recorded over the recent three years. 

The industrial production index rose 9.2% and the processing and manufacturing sector increased 10.9%.

The total retail sales and service revenues announced the highest growth since 2015, reaching 11.9%. 

As many as 43,000 new firms were set up with the registered capital of more than VND540,000 billion while more than 17,000 enterprises re-operated, up 52.6% compared to the same period last year. 

The total Foreign Direct Investment (FDI) capital flows hit US$5.7 billion, up 7.5%, raising the total newly-registered and additional capital to US$7.5 billion, up 28.6%. 

The nation gained US$78.76 billion from export, up 5.8%, of which US$23 billion was contributed by the State sector. The country enjoyed the trade surplus of US$711 million. 

However, the country’s economy is facing a number of difficulties and challenges such as the decrease in some key export items, slow disbursement in public investment capital and the petrol prices in the word beating the five-year record, up 27%. 

The Government members will discuss measures to ensure set targets for the “breakthrough year” 2019 will be reached./.

By Thuy Dung

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