The number of state-run economic groups is set to be reduced from the current 11 to only five to seven in the near future, Vu Duc Dam, Minister-Chairman of the Government Office told reporters at the government’s regular meeting Wednesday. The statement was made after reporters questioned Dam about whether or not the state-owned Housing and Urban Development Holdings (HUD) and Song Da Group will be restructured. “The government’s meeting did not directly discuss this issue,” said Dam. “But the Prime Minister and the government have closely considered the restructuring of state-run enterprises and plan to reduce the number of state economic groups.” Dam said the Prime Minister will have better and more responsible management over five to seven state-run institutions than the current 11. “The [state-run] groups do not necessarily have to be major ones, but those that pose significant roles in the national economy such as oil and gas, power, and telecommunication,” he said. Relevant ministries will be assigned to manage the remaining groups after the number reduction process, he added. Regarding the case of HUD and Song Da Group, Dam said: “The government is considering.”On-track growth The government office chairman also announced at the meeting that Prime Minister Nguyen Tan Dung and other government members have reached a consensus that the country’s eco-social development in August and the first eight months of the year has positively improved, as earlier expected and directed. Inflation is foreseen to stand below 7 percent, though the target GDP growth of 6 percent may not be met, said Dam. “The growth is expected to be only 5 – 5.5 percent due to economic difficulties,” he elaborated. In concluding the meeting, the Prime Minister said all relevant ministries and agencies should stay firm in fulfilling their duties in the last four months of the year. They are also required to start developing plans for eco-social development next year, with the general targets focusing on macro-economy stabilization, cooling inflation, and reasonable economic growth. “Another important task is to practice thrift in public spending, and pay attention to solutions to mobilize more forces for investment and development,” the Prime Minister emphasized.
More
Vietnam’s farm produce preferred in int’l market
Agricultural products remain Vietnam’s key export earner
Highlights
Vietnam’s central bank begins currency intervention to address market volatility
The US$/VND exchange rate has been on an upward trajectory in recent days
McLaren 750S makes debut in Vietnam
21 hours agoPhotos
Artist paints murals on house to raise awareness of COVID-19 prevention in Hanoi
He drew the virus, vaccine, and earth on the exterior walls of a house
Latest news
Breakfast @ Tuoi Tre News - April 20
Good morning from Vietnam!
Vietnam’s central bank begins currency intervention to address market volatility
The US$/VND exchange rate has been on an upward trajectory in recent days
Vietnam, UK sign agreement on illegal migration
The two sides are committed to preventing visa abuse, increasing intelligence sharing, and continuing the process of returning those with no right to remain in the UK
American teacher excites TikTok audience with vlogs promoting Vietnamese food
From the end of March until now, Odom has produced many interesting vlogs in which she converses with food vendors in English, showcasing her interactions with local cuisine
Da Nang official hints at rewarding tipsters of stick-on ads
Widespread stick-on ads are a headache for not only Da Nang City but also other major cities in Vietnam
Apparel company fined $11,800 for unauthorized wastewater discharge in northern Vietnam
The company was also required to undertake corrective actions
Vietnamese athlete bags gold medal at Canoe Sprint Asian Championship
She managed to stage a good performance and cross the finish line in 2:18.178 minutes
‘Hoi An in flood season,’ unique product of green tourism in Vietnam’s Quang Nam
This special tour will give tourists experiences of sightseeing in the ancient town and reaching different destinations by boat on high-water days
Dubai faces massive clean up after deluge swamps glitzy desert city
Dubai International Airport, a major travel hub, struggled to clear a backlog of flights and many roads were still flooded in the aftermath of Tuesday's deluge
Taxi moves backward, almost hits another car on expressway in Hanoi
The taxi moved backward and narrowly avoided a collision with another car