MPI to submit post-pandemic economic recovery scheme in October

ABO/NDO- In October, the Ministry of Planning and Investment (MPI) will submit to the Government an economic recovery plan, which defines the years of 2022 to 2023 as the time for the country’s recovery, according to MPI Minister Nguyen Chi Dung.

 

Addressing a recent virtual conference to devise socio-economic development plans and public investment in 2022 for the northern midland, mountainous region and the Red River delta, the minister underlined the need to promptly build a post-pandemic economic recovery programme to ensure the scheme can be implemented immediately after the pandemic is put under control.

 

According to a MPI report, in 2021, the majority of northern localities have been greatly affected by COVID-19, preventing them from completing many economic goals.

The growth rate of the northern region, including the midland, mountainous and the Red River delta regions, is estimated to reach 7.04 percent in 2021.

 

Industrial production in the region has been struggling due to a shortage of materials as a result of restricted transport of goods, especially from China, India and the Republic of Korea.

Minister of Planning and Investment Nguyen Chi Dung (Photo: VGP).

 

In order to boost economic growth in the rest of the year, Minister Dung suggested that along with COVID-19 prevention and control efforts, localities in the northern midland, mountainous and Red River delta regions should speed up renovation and reform, while restructuring the economy and showing stronger performance in implementing three strategic breakthroughs, focusing on creating a smooth investment environment, and removing difficulties facing enterprises.

 

He also underlined the need to make forecast and build plans on economic development and medium-term public investment for the 2021-2025 period, while speeding up the process of provincial planning as well as relevant planning to lay the foundation for the implementation of investment projects.

 

Regarding the building of a socio-economic plan and public investment scheme for 2022, Minister Dung asked localities to concentrate on analysing the situation and the ‘new normal’ context, clarifying difficulties and problems, so that the ministry can summarise and report to authorised agencies for timely solutions.

 

The MPI leader suggested that regional localities pay greater attention to pointing out subjective and objective reasons behind existing problems related to regional connectivity and planning. Only by doing this work well can localities optimise their potential and advantages, he stressed.