Controlling inflation and stabilising the Vietnam economy
remain the top national priorities for 2012 in a draft government resolution on
measures to implement the country's socio-economic development plan for next
year.
"We must try to keep
inflation rate below nine per cent while maintaining growth of six per
cent," Prime Minister Nguyen Tan Dung said in the first day of a two-day
cabinet meeting.
For next year, the government
has targeted a growth rate next year of 6-6.5 per cent, inflation below 10 per
cent, a 13-per cent increase in export turnover, keeping the trade deficit
under control, a state budget deficit of less than 4.8 per cent of gross
domestic product (GDP), a two-per-cent reduction in poverty, and the creation
of 1.6 million new jobs, with the percentage of workers who have received
skills training reaching 46 per cent.
"What has been achieved in
socio-economic development in 2011 is a solid foundation for the country to
meet the socio-economic targets set for 2012", Dung said.
Dung and his ministers also
reviewed the state budget for 2011 and discussed the budget for next year.
Minister of Planning and
Investment Bui Quang Vinh said total budget revenues in 2011 have reached about
674.5 billion vietnam dong(US$32.1 billion)–an increase of 13.4 per cent over
targets–while spending totalled 796 billion vietnam dong (nearly $38 billion).
Outstanding public debt by late in the year stood at about 54.6 per cent of
GDP, with foreign debt constituting 41.5 per cent of GDP.
Cabinet members and
representatives from ministries, sectors and localities attending the meeting
Thursday agreed that implementation of Resolution No 02/NQ-CP and Resolution No
11/NQ-CP in 2011 had been a success.
Dung asked them to further
contribute their ideas for the government's draft resolution to guide
implementation of the national socio-economic development plan and state budget
for 2012.
The general objectives of the
2012 resolution would be to maintain a rational growth rate and restructure the
economy with an emphasis on quality, effectiveness and competitiveness; to
ensure social benefits and security while improving the people's standard of
living; to consolidate national defence and protect national security as well
as law and order; and to improve the performance of diplomatic efforts and
international integration.
Business Desk
Viet Nam News
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Consulting, Investment and Management, focusing three main economic sectors: International PR; Healthcare & Wellness;and Tourism & Hospitality. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programs. Sign up with twitter to get news updates with @SaigonBusinessC. Thanks.
No comments:
Post a Comment