Deputy PM highlights positive signals in five months

VGP – The economy continued positive trend in the first five months with upward growth, decreasing consumer price index and rising industrial production index, Deputy PM Truong Hoa Binh told legislators at the National Assembly’s Q&A session on Thursday.

June 15, 2017 4:13 PM GMT+7

Permanent Deputy PM Truong Hoa Binh addresses the National Assembly's Q&A session in Ha Noi on June 15, 2017. Photo: VGP

Binh further added the price index decreased by 0.53% against that of April while industrial index expanded 7.2% against 5.2% in the first four months.

Foreign arrivals increased by 30.8% to 5.3 million between January and May and credits grew over 6.5%.

Meanwhile, exports rose 17.4% in the reviewed period and foreign investment inflow surpassed US$12 bilion, up nearly 20%.

The Permanent Deputy PM affirmed the Governemnt will not pursue growth by all means.

It will also strictly supervise weak banks and attract local and foreign investors to join the process of restructuring credit organizations.

Binh said that Government will accelerate its plan to restructure State-owned enterprises through 2020, including equitizing 137 enterprises and reducing the number of enterprises at which the State holds 100% charter capital to 103.

By Hai Minh