Speaking at the meeting, PM Phuc highlighted positive signs in the reviewed period, particularly foreign investment, tourism, and newly-established business figures.
The Government chief, however, named a number of challenges, including industrial production slowdown to 5.7% and significant trade deficit. He urged the Cabinet members to clarify the responsibilities of each sectors in a bid to realize the growth target.
The Cabinet meeting
Before his departure to the US for official visit, PM Phuc told Bloomberg that he is confident economic growth will meet a goal of 6.7% this year without adding to inflation, despite weak expansion last quarter.
He said Vietnam is taking steps to bolster the economy as the nation seeks to retain its status as one of the world's fastest-growing economies, in an interview at the Government Office in Hanoi on May 27.
The government must balance efforts to spur gross domestic product growth while ensuring inflation doesn't exceed its 2017 target of 4%, according to Mr. Phuc. "We must curb inflation at the mandate number as we have committed to the National Assembly," he said.
During the one-day meeting, the Cabinet members will debate on a resolution on key measures to accelerate public investment disbursement and a report on measures to remove obstacles against some industries.