Gov’t eyes higher socio-economic norms in 2011
12:00 | 20/10/2010
VGP – The Vietnamese Government expects a higher economic growth rate and better social and environment indicators in 2011.

PM Nguyễn Tấn Dũng addresses the opening session of the 8th sitting of the 12th Legislature, Hà Nội, October 20, 2010 – Photo: VGP/Nhật Bắc
At the opening session of the 8th sitting of the 12 Legislature this morning, PM Nguyễn Tấn Dũng presented the Government’s report on socio-economic situations in 2010 and tasks in 2011.

In 2010, to cope with unfortunate economic and financial changes in the world, the Government issued several resolutions and specific measures to stabilize macro-economy, keep inflation in control and maintain a fairly high economic growth rate.

So far, Việt Nam’s major economic indicators have been secured; social security and welfare guaranteed; socio-political stability, national defense and security maintained; the country’s international status heightened.

Six solutions for stronger socio-economic development in 2011

Mentioning socio-economic goals and tasks next year, the PM underlined the overall target stronger macro-economic stability and higher economic growth rate.

The Government put forth six major solutions, namely (i) securing macro-economic stability and major economic indicators; (ii) Further improving investment environment and efficiency, promoting production, business activities and economic restructuring; (iii) Safeguarding social security and welfare; (iv) Boosting scientific and technological applications and environment protection in order to better the quality of growth; (v) Sharpening the State management while promoting administrative reforms, anti-corruption and anti-prodigality; and (vi) Enhancing national defense and security, and diplomatic work.

The Government chief called for sectors, agencies and local authorities to promptly put into reality these solutions after the NA’s approval.

He also asked the legislative body, mass organizations and people throughout the country to join actions and efforts in realizing the goals in 2011, the first year to implement the five-year development plan 2011-2015.  



Economic indicators

- GDP growth rate: 6.7%

- Per capita GDP: US $1,160

- Development investment capital: up 12.9% against 2009 and equivalent to 41% of GDP

- State budget disbursement: 70% (by late September)

- Newly-established enterprises: 85,000 people-run ones, with the registered capital of VND 500 trillion, up 125% against 2009

- State budget collection: 12.7% higher than the estimate and 17.6% higher than 2009

- Budget overspending: below 6% (estimate: 6.2%)

- Total means of payment: up 20%, credit balance: up 25%; bad debt: below 3%

- Total export turnover: up 19.1%, tripling the plan

- Total import turnover: up 16.5%

- Excess of imports over exports: US $13.5 billion, lower than 2009

- CPI increase: 8% (estimate: 7%)

- GDP growth rate: 7-7.5% against 2010

- Per capita GDP: US $1,300

- Total development investment capital: 40% of GDP

- State budget collection: VND 590.5 trillion

- State budget spending: VND 725.6 trillion

- Budget overspending: 5.5% of GDP

- Total export turnover: US $74.8 billion, up 10% against 2010

- Excess of imports over exports: below 20%

- CPI increase: 7%


Social indicators

- Job generation: 1.6 million new jobs

- Vocational training: over 1.7 million people, including 430,000 farmers

- Poor households: down by 1.85%.

- Communes of health care standards: 80%

- Internet-connected secondary schools: 100%

- Junior secondary education universalization: 100% provinces

- Newly-established science and technology enterprises: 300, doubling the 2009 figure

- Vietnamese scientists generate over 30 new crop varieties of high yield and quality

- New enrollment to universities: up 6.5%; high schools: up 10%; vocational schools: up 16.5%

- Birth rate reduction: 0.2‰

- Job generation: 1.6 million laborers, including 87,000 guest workers

- Poor household: down by 2%

- Malnutrition rate in under-5-year-old children: down to 17.3%

- Patient bed/10,000 people: 21

- Urban housing area per capita: 19 m2


Environmental indicators

- Rural population access to hygienic water: 83%

- Urban population access to clean water: 76%

- Forest coverage: 39.5%


- Rural population access to hygienic water: 86%

- Urban population access to clean water: 78%

- Treatment of medical solid waste: 82%

- Industrial parks and export processing zones with standard concentrated sewage treatment systems: 55%

- Collection of solid waste in urban areas: 83%

- Forest coverage: 40%

By Hà Ninh
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