National Assembly's 2017 targets are within reach: PM

PM Phuc made the point at the Government's regular meeting for September.

The Government chief noticed that 2017 will be the first year the Government accomplishes all the 13norms set by the National Assembly.

Government members commended that in the first nine months, the socio-economic performance witnessed three outstanding achievements, including good GDP growth pace; stable macro-economy; improved business and investment environment, and national competitiveness.

Specifically,the economic growth improved remarkably. In Q3, GDP growth pace reached a record high of 7.46%, exceeding expectations. Generally, in the first nine months, GDP expanded 6.41%, higher than the rate of 5.99% in the same period last year, making it possible to accomplish the preset norm of 6.7%.

In the January-September period, the economic growth reflected the transformation of the growth modal which reduces heavy reliance on natural resources and focuses on production, service, trade, and deep development.

In addition, the higher GDP growth rate also showed the effective and timely solutions of the Government, drastic management of all levels, sectors, and localities.

The macro-economy was kept stable. Meanwhile, large balances were ensured.

According to PM Phuc, with the growth pace, without large-scale natural disasters, 2017 will be the first years Viet Nam succeeds in fulfilling all 13norms of the National Assembly.

In early October, a series of international organizations showed their optimistic outlooks on Viet Nam's economic performance.

The Hong Kong and Shanghai Banking Corporation (HSBC) justraised Viet Nam's growth forecast from 6.0% to 6.6% in 2017 in its latest report. HSBC believed the Vietnamese economy will continue to perform well and may expand 6.4% next year.

The World Bank (WB) on October 4 announced theEast Asia and Pacific Economic Update.According to the report, Viet Nam's economy maintains stable growth. Manufacturing and processing industry heading to exports and domestic demands sharply increased.Viet Nam's economic growth is forecasted to stand around 6.4% in the 2018-2019 period, the report says, adding that the poverty proportion will continue reducingif there is no disadvantages of natural calamity.

Earlier, the World Economic Forum's latest global competitiveness list, released onSeptember 28ranked Việt Nam 55th overall, up five places from last year and 20 from five years ago.

However, PM Phuc stressed that despite the positive socio-economic performance in September and the first nine months, it is necessary to avoid subjectivism, negligence, and satisfaction.

There remain heavy duties during the rest months of the year, requiring every ministry, agency, and locality to be active and creative to accomplish the assigned missions.

Ministries, agencies, and localities were urged to take drastic steps, especially to achieve the set 6.7% GDP growth pace.