NA approves socio-economic development targets in 2010

VGP – The National Assembly (NA) on Friday adopted the Resolution on Socio-economic Development in 2010 with GDP growth rate of 6.5% and CPI rise of below 7%.

November 06, 2009 12:44 PM GMT+7

Việt Nam is determined to reach a GDP growth rate of 6.5% - Illustration photo

Majority NA deputies on November 6 in Hà Nội agreed with the Government’s report on the realization of socio-economic development goals in 2009 and adopted the Resolution on socio-economic development plans in 2010.

Next year, Việt Nam’s GDP growth rate is expected to up by 6.5%. The added value of agro-forestry and fishery is supposed to surge around 2.8%; industry and construction 7%; service around 7.5% against 2009. The export turnover will go up over 6% compared to this year.

Regarding social norms, junior secondary education will be popularized in all 63 provinces, around 1.6 million jobs generated, and poverty rate cut to less than 10%.

The Resolution touched upon 12 solutions to fulfill the set targets, requiring the Government to propose accurate domestic and international forecasts for timely response.

According to the Resolution, the Government will mobilize domestic financial resources to establish an economic stimulating fund for medium and long-term development and adjustment of the economic structure in line with real situations.

The financial and monetary policies will be strictly managed in order to restore high growth rates and stabilize the macro-economy.

By Kim Anh