Economy sees continued growth: Government
8:56', 4/3/ 2007 (GMT+7)

Vietnam's socio-economic performance in the first two months of 2007 saw a it continue its rapid pace in growth, assessed cabinet members at a regular meeting chaired by Prime Minister Nguyen Tan Dung in Hanoi on March 2.

According to the government's report, industrial production increased by 17.5%; export turnover reached US $6.7 billion; the registered volume of foreign direct investment (FDI) capital exceeded US $1.9 billion; FDI capital disbursement reached US $690 million and the consumer price index rose 3.24%.

Prime Minister Dung said these signaled continued growth of the economy, good prospect of FDI flows, and consumer price stability.

He urged ministries, sectors and localities to further develop policies towards perfecting mechanisms and tightening the control of prices and budgets. He asked them to accelerate irrigation and hydro-electricity projects, ensure electricity for production, and promote exports. Poverty alleviation, administrative reform and one-stop mechanism extension, and fight against corruption were other major tasks, he stressed.

At the meeting, government officials compared notes on the Government's report on its work in the 2002-2007 term to be presented to the National Assembly at its up-coming 11th session. They also discussed progress in administrative reform and in fighting corruption, and measures to improve land use in investment projects.

  • Source: VNA
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