Creating motivation for economic growth

It is forecasted that socio-economic development in the second quarter of the year will continue being difficult, due to the general difficulties of the world economy. In the context of signs that economic growth tends to decrease, finding solutions, clearing bottlenecks and creating a driving force for economic growth is an urgent requirement now.

One of the solutions to stimulate growth is to focus on public investment. Accelerating investment projects and disbursing public investment capital will have a strong impact on the economy. Determining the driving role of public investment, the province has focused on removing obstacles for projects, key ones so that they were implemented. The province has set a target of disbursing VND 6 trillion in public investment capital by the end of the second quarter, thereby helping promote capital flow, creating jobs, stimulating demand and creating impetus and confidence for the economy.

In addition, special support measures for import and export, investment promotion and trade promotion are attached special importance to. Amid negative impacts from the world market, strong support measures for enterprises are very necessary to help enterprises export their products more smoothly, find new markets while strengthening to tap the domestic market, promoting distribution of goods through digital platforms and e-commerce…

However, according to experts, along with solutions for public investment and support for exporters, promoting private investment also plays an important role. Therefore, increasing loan support for private enterprises to invest in production and business is a pivotal solution. Particularly, the banking system needs to support capital for enterprises, ensuring sufficient capital supply while maintaining appropriate interest rates for enterprises...

In addition, in the difficult context, the support of the local authorities for the business community is essential. Taking the initiative to meet enterprises through dialogues will help the local authorities listen and closely grasp problems, thereby taking appropriate measures to support enterprises in overcoming obstacles.

Reported by Dam Thanh-Translated by Kim Tin