Hanoi outlines three economic
scenarios to cope with COVID-19
02:39
The capital has put forward
three scenarios relating to the management of socio-economic development as a
means of responding to the novel coronavirus (COVID-19) epidemic during an
online conference held on April 22 under the chair of Vuong Dinh Hue, politburo
member and secretary of the Hanoi Party Committee.
The discussions primarily focused on the outcomes of the
nation’s socio-economic performance, the key tasks ahead for the remaining
months of 2020, and a range of measures aimed at softening the impact of the
COVID-19 pandemic.
Nguyen Van Suu, Vice Chairman of the Hanoi People's
Committee, stated that despite the epidemic having a negative impact on the
economy, Hanoi has been able to successfully maintain growth momentum for
socio-economic development during the first quarter. Despite this positive,
the majority of targets came in lower than expected in comparison to the same
period last year.
In addition to discussing these figures, municipal
leaders pointed out a range of difficulties and discussed various directions
and tasks which can be done when attempt to achieve targets during the
remainder of the year.
A significant factor in devising strategies is the fact
that the COVID-19 epidemic has had a comprehensive impact on economic,
cultural, and social targets set out by the capital, as well as affecting
security and order, participants noted.
This can be seen as economic growth targets have been
recorded lower than they were during the corresponding period last year,
creating great pressure to fulfill current socio-economic development
targets. This is proving hugely challenging due to the number of enterprises
halting operations surging by 36%, whilst the number of unemployed workers
who applied for unemployment insurance has grown by 22.2% over the same
period.
The price index has tended to rise higher than it did
during the same period from last year, especially with regard to the food
group, whilst the slow-paced construction progress of some projects has
served to negatively affect the disbursement rate and efficiency of investment
capital.
Therefore, with the national growth scenario facing
several difficulties relating to first quarter performance, Hanoi has drawn
up three scenarios aimed at managing socio- economic development in the hope
of ensuring security and national defence, whilst also coping with the
COVID-19.
The first scenario sees social distancing measures
ending on either April 22 or May 3, with economic hurdles being gradually
removed before all activities return to normal by early July.
The second scenario outlines there being basic degree
of control of the epidemic by the year’s second quarter, but there still
being a risk of the COVID-19 spreading until the end of the year due to the
epidemic situation in other countries being varied with some nations yet to
successfully bring the virus under control. Consequently, economic recovery
and social activities will be unable to return to normal and can only be
carried out at a minimum.
In the third scenario, the epidemic continues to spread
rapidly throughout the second quarter despite a range of social distancing
measures being in place. This would see socio-economic development and the
daily lives of people's encounter a range of difficulties.
On that basis, the capital is poised to implement a
wide-ranging action plan and carry out urgent tasks and solutions aimed at
removing hurdles for production and businesses whilst also ensuring social
security in a bid to push back the epidemic.
VOV
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Thứ Tư, 22 tháng 4, 2020
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