Prime minister encourages efforts to exceed 2015 growth target

The government leader made the remarks on March 30 during a meeting with the Ministry of Planning and Investment, Ministry of Industry and Trade, Ministry of Finance and the State Bank of Vietnam.

He said first quarter growth of 6.03%, which was higher than the growth rates in the same period of previous years, was evidence of an improving economy, especially in industrial production.

The prime minister said that with positive data in the first quarter, Vietnam can achieve and exceed economic targets for 2015, including GDP expansion of 6.2% and export growth of 10%.

In order to realise these targets, Prime Minister Dung urged ministries and relevant agencies to make accurate forecasts and analyses in order to introduce flexible and effective measures for economic development.

According to reports at the meeting, the macroeconomy in the first quarter continued to stabilise with higher GDP growth, low inflation and positive credit growth. Revenue collection also came in line with the target despite the adverse effect of falling oil prices.

It is predicted that macro stability will continue into the whole of 2015 with growth expected to pick up in the second quarter.

(Source: Nhandan Online)