In the first months of the year, the Government has strengthened the organization and apparatus with the spirit of promoting administrative reforms, continues to build a lean Government, act, operate effectively and effectively, serve the people, clear functions, clear tasks, not overlap; maximize the initiative, active, dynamic and creative; to innovate law-making, on the basis of sticking, respecting and starting from practice.
In addition, in order to further promote administrative reform and improve the business investment environment, in the first 6 months of the year, the Government issued over 60 decrees to promptly implement laws approved by the National Assembly. by; amending and supplementing legal regulations in each specific field to help remove difficulties and obstacles, and free up resources to facilitate production and business.
The task of implementing “dual goals” is closely directed by the Government and the Prime Minister. Measures to prevent and control the Covid-19 epidemic were implemented synchronously, strongly and drastically with the primary goal of taking care of and protecting people’s health and lives; Try the best to ensure production and business activities, not to disrupt the supply chain.
Agencies, both central and local, especially frontline forces such as health care, army, police… have made great efforts to effectively and efficiently carry out epidemic prevention and control work; establish a Covid-19 Vaccine Fund to receive, manage and use funding sources, support purchase and self-research, produce vaccines, and vaccinate people free of charge.
Along with the results achieved, the first 6 months of 2021 still have limitations. Specifically, GDP growth in the first 6 months of the year has not yet reached the set target. Import and export still depend on a few markets, the proportion of exports in the FDI sector is still high (74.1%); trade balance in favor of trade deficit (6 months with a trade deficit of 1.47 billion USD); Import and export goods are congested at times. The financial markets, real estate, securities and gold also have potential risks.
Along with that, the vaccine strategy still faces many challenges, the percentage of the population being vaccinated with vaccines is still low; there is a risk that it may miss the pace with the world economy because of insufficient supply and vaccine production technology.
In particular, by the end of June 2021, 15.6% of the central budget public investment plan has not been allocated in detail by ministries, central agencies and localities due to waiting for the development of the Medium-term Public Investment Plan for the period 2021-2025. Disbursement of central budget investment capital in the first 6 months of the year was still slow, reaching 29.02% of the plan, lower than the same period in 2020 (34%), of which foreign capital disbursement was very low, reaching only 7.37%.
Source: vietnamfinance.vn – Translated by fintel.vn