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You are here: Home / Three horses to pull nation’s economic growth: PM Phúc

Three horses to pull nation’s economic growth: PM Phúc

· July 2, 2020 ·

  Spices stalls in Bình Điền wholesale market in HCM City. — VNA/VNS Photo HÀ NỘI — Việt Nam will deploy any measure to boost its investment, export and consumption sectors to achieve growth as high as possible, Prime Minister Nguyễn Xuân Phúc said on Thursday, comparing the three sectors to three horses that pull the country’s economic growth. Chairing a meeting between the Government and localities, PM Phúc said the task of economic recovery was more urgent than ever and that Việt Nam must make use of the fact it has controlled the COVID-19 pandemic early. “We will not let the pandemic make a resurgence in the country and at the same time, we have to make strong moves to develop the economy and gain growth,” he said. The COVID-19 pandemic has been developing unpredictably around the world, causing major credit institutions like the Organisation for Economic Co-operation and Development (OECD), the World Bank and International Monetary Fund to make gloomy predictions project about the global economy and Việt Nam’s economy has been also hit hard. In the second quarter of this year, Việt Nam’s economic growth was 0.36 per cent, the lowest rate in the last 30 years. In the first half of… Read full this story

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