Industry News
Vietnamese Govt Calls for Boosting Mining

The Ministry of Industry and Commerce will be responsible for the tasks to solve the decreasing production of this sector, according to official versions of the event, in which the Prime Minister admitted delays in disbursement of Capital for public investment as other problems to be promptly resolved.

Hanoi, May 4 (Prensa Latina) Vietnam''s Prime Minister, Nguyen Xuan Phuc, said today measures will be taken to boost mining, one of the issues addressed at a government meeting that analyzed the country''s socio-economic situation.

 

The Ministry of Industry and Commerce will be responsible for the tasks to solve the decreasing production of this sector, according to official versions of the event, in which the Prime Minister admitted delays in disbursement of Capital for public investment as other problems to be promptly resolved.

The reduction in the exports of steel, petroleum, chemicals and animal feeds; the slow pace of the conversion of state-owned enterprises into joint-stock companies and the small increase of large enterprises are also among these problems.

The aforementioned ministry was also urged to strengthen the management of the market of agricultural products in the face of the negative effects of the fall in the price of pork in the life of its producers.

Xuan Phuc addressed the socio-economic situation in the first four months of 2017, noting that the consumer price rate remained stable and credit reached its highest level in recent years as the pace of growth continued to recover.

In addition, the country attracted $10.8 billion in foreign direct investment; while in April about 40 thousand new companies were established, among other favorable results quoted by the prime minister.

But he warned that in that month four thousand were dissolved and another 27 thousand suspended their activities.

He also called to spare no effort to boost economic growth and at the same time ensure social order and security throughout the country.

The Vietnamese economy grew 5.1 percent in the first quarter of this year, while the target for that indicator for 2017 was 6.7 percent, similar to that of 2016 when it was 6.21 percent.
 
SOURCE: plenglish
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