Gov’t proposes double targets for 2013

The Government has taken synchronous steps to rein in inflation. However, the positive CPIs in 2012 were unstable. Experts proposed the Government renovate management works from administrative procedures in a proactive approach, strengthen ministerial and local linkages and improve forecast capacity.

The Government should keep the overspending budget under 4.8% of GDP, stabilize exchange rate, ease pressures on rising inflation rates, and narrow down the gold price benchmark between domestic and global markets.

Prices of indispensible goods should be properly managed in line with market developments, especially electricity, coal, petrol. Labor productivity should be improved.

*Feasible higher GDP growth rate

The Government proposed to the NA a higher norm of GDP growth for 2013 when it sees it a necessary and feasible goal.

The economy expanded quarterly in 2012, creating a momentum for higher growth in 2013 and the ratio of investment and GDP in 2013 is also projected to be higher than 2012.

However, experts proposed the Government pay more attention to two blockages in the economy including high non-performing debts and inventory levels./.

By Khanh Phuong