Deputy PM: strengthening macro-economy a top priority

Tuesday, 2018-10-09 21:50:01
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At the event (Photo:VGP)
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NDO/VNA – Deputy Prime Minister Vuong Dinh Hue expressed that strengthening the macro-economy is a top priority for Vietnam during a reception in Hanoi on October 9 for Vice President of the International Friendship Exchange Council (FEC) of Japan Yoshihiko Nakagaki.

Expressing delight at the increasing political trust via the exchange of visits at all levels, Hue lauded FEC for promoting the Vietnam-Japan friendship over the past few years.

He said the Government is directing agencies to review the 10-year implementation of the socio-economic development strategy for the 2011-2020 period, towards achieving rapid and sustainable growth.

In order to strengthen the macro-economy, he said Vietnam has given direction towards tightening fiscal policy, flexible foreign currency and exchange rate policy; expanding export markets; and boosting domestic consumption. Despite uncertainties in global events, Vietnam’s inflation is kept under control and public debt reduced.

At the same time, Vietnam will also step up trade liberalisation and global economic integration, reform domestic mechanisms and policies, and improve its business climate towards becoming among the top four ASEAN economies by 2020, he said, adding that Vietnam advocates accelerating international investment on the back of its 12 free trade agreements.

The host called for Japanese investment in science-technology, finance, and energy with advanced technologies, good governance, and links with Vietnamese partners.

According to him, Vietnam is building an economic development strategy for 2020-2030 to ensure balanced development amongst the region, and is ready to welcome Japanese firms wanting to do business in the country.

Nakagaki, for his part, expressed support for Vietnam’s development policy in the near future and highlighted the sustainable development of the State budget, transport-infrastructure, energy, and the private sector.

He said FEC will make active and effective contributions to collaboration between the two nations’ business communities, and political and socio-economic organisations in the near future.