Economy to recover thanks to rising production and trade

16/02/2022 04:25 PM


With trade and domestic production bouncing back despite negative impacts of the health crisis, the government is making its great efforts to continue reviving the economy, which is expected to take the lead in the region in growth this year.

Increases in production and trade are driving the economy forward

Prime Minister Pham Minh Chinh has signed and enacted Official Telegram No.126/CD-TTg sent to ministers, heads of ministerial agencies, government agencies, and chairpersons of people’s committees of centrally-managed provinces and cities. PM Chinh requests them to roll up their sleeves to drastically and effectively implement the country’s Programme on Socio-economic Recovery and Development promulgated nearly two weeks ago.

“They must proactively review and remove or propose authorise agencies to phase out all obstructions for domestic production and business activities,” the telegram stated. “They must also accelerate the removal, reduction, and simplification of administrative procedures for a more business-friendly climate. The procedures must be increasingly processed online, while innovation is strongly encouraged with the boost of digital transformation, development of a digital economy, a green economy, and a circular economy closely connected with sustainable development.”