Waiting for a perfect solution at a time of difficulty could lead to the country missing out on growth opportunities, Prime Minister Pham Minh Chinh said.

Vietnam with a high vaccination coverage and experience of previous outbreaks is confident in reopening the economy.

“During a difficult phase, there would be no perfect solution, only an optimal one. The country could therefore miss out on development opportunities if it continues to wait.”

Prime Minister Pham Minh Chinh emphasized the position at a monthly government meeting held today [January 28].

###: Vietnam sees international arrivals in January 2022, up 11.2 percent year-on-year.

According to Prime Minister, Vietnam has been able to bring the pandemic under control. So far, the country has received nearly 212 million doses of vaccines, of which 178 million have been administered.

The percentages of eligible people over the age of 18 who received the first, second and third injection are 100%, 95.7% and 22.3%, respectively; for children 12 to 17 years of age, the percentages of first and second injections are 95.2% and 86%, in that order.

However, the Prime Minister warned of the high risks of the Omicron variant and of an increasing number of infection cases in many places, requiring a cautious approach to the places to be ready in the midst of emergencies, especially during the New Year’s Eve celebrations. lunar year.

One of the solutions was that the prime minister expected local authorities to continue the vaccination program during the Tet and soon buy vaccines for children aged five to 12.

He urged measures to be taken to increase the capacity of the preventive health care system and, if necessary, to provide timely support to provinces/cities to ensure the situation is under control.

Record number of companies returning to the market

With Vietnam posting strong economic performance at the end of 2021 with fourth-quarter GDP growth of 5.22%, the situation continues to rise sharply from January, Chinh said, citing stable macroeconomic conditions and low inflation.

One of the highlights was the number of companies that returned to the market in January at 194% year-on-year, the highest to date, he continued.

While the economic performance was positive, the prime minister suggested that more efforts are needed to prepare for external shocks and unpredictable situations in the future.

Since Tet is just around the corner, the Prime Minister expected that the Ministry of Labour, Disabled and Social Affairs (MoLISA) and the municipalities would focus on ensuring social well-being and that everyone, especially social beneficiaries and vulnerable groups, can enjoy Tet .

Prime Minister urged all ministries and provinces/cities to accelerate the disbursement of public funds from the beginning of the year, and to push for more simplification of administrative procedures in this regard.

The State Bank of Vietnam (SBV) is tasked with curbing credit growth and ensuring that capital is channeled into priority areas.

The Ministry of Industry and Trade must take measures to ensure the balance between supply and demand of goods and to provide the economy with sufficient electricity.

The Ministry of Finance is responsible for managing tax policy and finalizing regulation on the stock exchange.

The Prime Minister has asked the Ministry of Education and Training and the Ministry of Culture, Sports and Tourism to announce soon a timetable for reopening schools and tourism activities, including a clear plan to deal with cases of Covid-19.

The Prime Minister expected that the government would soon announce a resolution on the implementation of the socio-economic recovery program approved by the National Assembly for the rapid and sustainable development of the country, the Hanoi Times reported.



Source: Vietnam Insider

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