The goal of 6.5 per cent growth that Vietnam has set for this year is a tough one as market demands are yet to rise and orders remain few, according to general director of the General Statistics Office (GSO) Nguyen Thi Huong.

She urged all economic sectors to implement drastic and synchronous measures to promote growth and overcome difficulties in the rest of the year.

Though the GDP growth rate of 3.72 per cent seen in the first half this year was lower than expectation, it is apt in the context of the current global economic situation with complicated and unpredictable developments as well as fierce strategic competition among world powers, Huong was quoted as saying by a Vietnamese media outlet.

It is necessary to maintain macro-economic stability, rein in inflation and closely monitor the impact of international economic and financial situation on the manufacturing sector to timely support production activities and promote economic growth during the rest of the year, she said.

Disbursement of public investment should be accelerated and obstacles during the implementation of public investment plan should be removed in a timely manner, thus creating a motivation for growth, she said.

It is also necessary to improve the business and investment environment, by reducing administrative procedures to take advantage of opportunities from the shift of supply change, promoting domestic and foreign investment, raising productivity and reducing production and business cost, she added.

Fibre2Fashion News Desk (DS)

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