PM: Economic growth be 6.5% next year

VGP - PM Nguyễn Tấn Dũng has instructed ministries, sectors, localities, economic groups and state-owned corporations to focus on designing the national socio-economic development plan and state budget estimations for 2012 towards a GDP growth rate of 6.5%.

June 17, 2011 10:37 AM GMT+7

Việt Nam strives to gain economic growth of some 6.5% next year

The plan and estimations must work to the direction that boosts exports, especially goods with high added value, and gradually reduces the abroad sales of raw materials and semi-processed items, and limits imports of non-essential consumer goods, the PM said.

Besides, he requested the improvement of the quality of education and training at all levels as well as of medical checkup and treatment and healthcare, the setting up of educational standardization, and the effective and sustainable implementation of poverty reduction projects and programs to be one of crucial parts of the socio-economic development plan next year.

In 2012, such burning social issues as traffic accidents and congestions, drug-related crimes, and prostitution must be addressed effectively, the Government leader noted.

He underlined the need for national defense to be reinforced to defend the country’s independence and national sovereignty.

The PM has instructed that the socio-economic development plan should include the continued implementation of tightened, cautious and flexible monetary policies, and the smooth coordination of monetary policies and fiscal ones, to curb inflation, stabilize the value of the Vietnamese currency and increase foreign currency reserve.

Regarding budget estimates, the PM asked relevant ministries, sectors and localities to ensure that the state budget will account for 24% of GDP. The estimated budget collection from domestic entities should increase at least 16-18% over the 2011 figure. The budget collection from import-export activities should rise at least 7%.

Under the PM’s instruction, the country will, in 2012, decrease public investment, increase non-state investment, strengthen mobilization of all sources for development, take measures to overcome difficulties and encourage agricultural production and rural development attached to farm product processing and export, create more jobs and ensure food security.

By Ngọc Vân