In his opening remarks, Prime Minister Nguyen Xuan
Phuc stressed that Vietnam has gone through 48 days without COVID-19
infections in the community, and most of the patients have been discharged
Vietnam’s performance in the fight against the
pandemic has been praised by international news agencies, he said.
The leader lauded cities and provinces like Hanoi,
Hung Yen, Quang Ninh, Hai Phong, Bac Ninh and Dong Nai, among others, for
their great efforts to complete assigned socio-economic development targets.
The domestic tourism sector has also proven its
strong vitality last month, he said, adding that aviation and tourism that
were severely hit by the pandemic have begun to resume their normal
Thanks to a range of activities adopted by the
Government to support production and business, May indexes are much better
than those of April, according to the PM.
This is an opportunity for Vietnam to move ahead in
the context of difficulties and challenges faced by the world, he said,
calling for efforts to optimise this “golden opportunity” while containing
the spread of the pandemic.
The PM said major economic balances have been
ensured, inflation reduced and people’s living standards improved.
In this session, he went on, the Government will
maintain discussions on issues related to socio-economic development and the
building of legal institutions, while carefully assessing risks and
challenges that need to be overcome in the time ahead such as drought, hot
weather, and negative impact of the COVID-19 on economic relations and
The Government leader called for more drastic
measures to gain bigger economic development in the remaining months of
2020, and keeping a close watch on the international situation to have
policies on trade, investment and tourism so as to take advantage of the
global shift of investment flows.
He stressed the need to discuss stricter measures to
address child abuse, together with those to ensure children’s rights.
Localities, social organisations, the Women’s Union and the Ho Chi Minh
Communist Youth Union were asked to uphold their responsibility in caring
for and protecting the rights of the children.
The prices of pork must be also put on table, he
stated, emphasising the importance of stabilising them by value chains and
by encouraging investment in large-scale husbandry and applying modern
technology in production.
According to the Ministry of Planning and
Investment, more than 5,000 businesses resumed operations in May 2020, a
year-on-year rise of 32.7 percent.
Growth was seen in the total retail sales of goods
and services (26.9 percent), index of industrial production (11.2 percent),
and exports (5.2 percent).
Revenues from trade activities and services in May
rose sharply by 26.9 percent compared to the previous month, but declined by
4.8 percent against the same period of 2019.
In January-May, the total retail sales of goods and
services saw a year-on-year reduction of 3.9 percent.
Trade of goods was seriously affected by COVID-19.
However, Vietnam still maintained a trade surplus after the first five
months of the year, which was estimated at USD1.9 billion.
The index of industrial production expanded by only
1 percent, the lowest in the past few years.
Meanwhile, the State budget collection in the
five-month period reached VND529.6 trillion (USD22.8 billion), equaling 35
percent of the annual estimate./.