Resolution No. 140/NQ-CP dated November 09, 2018 of the Government on the Government's regular meeting - October 2018

THE GOVERNMENT

Resolution No. 140/NQ-CP dated November 09, 2018 of the Government on the Government's regular meeting - October 2018

Pursuant to the Law on Organization of the Government dated June 19, 2015;

Pursuant to the Government’s Decree No. 138/2016/ND-CP dated October 01, 2016 on promulgating the Working Regulation of the Government;

Based on the discussion of the Cabinet members and the conclusion of the Prime Minister at the Government’s regular meeting in October 2018, held on November 03, 2018,

DECIDES

1. Regarding the draft Ordinance amending and supplementing the Ordinances related to planning

The Ministry of Planning and Investment was assigned to assume the prime responsibility for, and coordinate with the concerned ministries and agencies in collecting comments from the Government members, finalizing the proposal for the draft Ordinance and reporting to the Prime Minister before submitting it to the National Assembly Standing Committee.

2. Regarding the socio-economic situation in October and the first 10 months of 2018; the implementation progress of the Government's Resolution No. 01/NQ-CP dated January 01, 2018

The Government unanimously assessed that: The socio-economic situation in October and the first 10 months of 2018 continued to advance positively. Macroeconomic conditions were relatively stable. Inflation was kept under control. Monetary and credit markets were stable. State budget revenues increased by 15.1% over the same period. Exports reached over USD 200 billion, up 14.2%, of which exports of the domestic sector recorded higher growth than the foreign-invested ones. Export surplus reached USD 6.4 billion. State budget investment capital increased by 17%. The agricultural sector maintained good growth. Yield of paddy rice increased by 2.9-3.3 quintals per hectare, total output increased by 440 thousand tons. Seafood production increased by 6% over the same period. Industrial production increased by 10.4%, the highest growth since 2012. The service sector continued to grow well. The number of international visitors to Vietnam was estimated at 12.8 million, up 22.4% compared with that of the same period last year. Demand increased sharply, total retail sales of goods and consumer services increased by 11.4%. The fields of culture, health care, education, training, science and technology, social security, labor and employment continued to receive due attention. The “Month for the Poor" was implemented in an effective and practical manner. National defense and security were maintained. Many important results were achieved in the field of foreign affairs.

Besides the above-mentioned achievements, the country faces many difficulties and challenges. Inflation pressure remains high, the country’s economic resilience to external changes remains limited. The business environment and competitiveness ratings have been downgraded. Capacity on innovation, research and development of enterprises, application of high technology remains low. Production and business are still difficult. The number of enterprises suspended operation or waiting for dissolution is still high. Exports of some agricultural products tends to decrease. Complicating developments were observed related to smuggling, trade fraud, social order and safety, and crime situation in some areas...

In order to complete the socio-economic development plan in 2018 with the highest results and prepare for the implementation of the socio-economic development plan in 2019, the Government requested the ministers, the heads of the ministerial-level agencies, Chairmen of the People's Committees of the provinces and centrally-run cities exert their responsibility before the people, their responsibility as leaders, continue to leverage advantages and achievements, concentrate on overcoming the shortcomings and limitations, urgently resolve issues concerned by the National Assembly, the people and voters of the whole country in the sectors and domains under their charge; regularly urge and inspect the performance of official duties by government officials in their respective ministries, agencies and units, to create positive movements throughout the whole system. At the same time, it was requested for creativity and efforts in management and determination to fulfill the tasks set out in the remaining two months of 2018, focusing on the following contents:

- Deputy Prime Minister Vuong Dinh Hue was assigned to direct the Ministry of Planning and Investment, the Ministry of Finance, the Government Office and other concerned ministries and agencies to finalize the Government's feedback documents on draft Resolutions of the sixth session of the 14^th National Assembly on the socio-economic development plan in 2019; the State budget estimates in 2019; the central budget allocation plan in 2019; revisions to the medium-term public investment plan for the 2016-2020 period and act on behalf of the Government to sign and send documents to the Standing Committee of the National Assembly; closely coordinate with the Committees of the National Assembly in receiving and finalizing the above-mentioned draft Resolutions for submission to the National Assembly for approval, which shall serve as a foundation for the Government to administer.

Click download to see the full text