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Gov't eyes high sustainable socio-economic development

VNGOP – Standing Deputy PM Nguyễn Sinh Hùng made the emphasis on July 19 while delivering to the first session of the 12th National Assembly the Report on the implementation of tasks and State budget estimates in the first half of 2007 and solutions for the remaining months.

July 20, 2007 7:00 AM GMT+7

 

Deputy PM Nguyễn Sinh Hùng reports the NA socio-economic development

According to the report, economic growth and total investment remained high. In the first six months, the GDP growth rate was 7.87 percent, the highest in the past five years. The total investment of the whole society was estimated to reach VND 195 trillion, accounting for 43.2 percent of the yearly plan and 39.5 percent of GDP, in which foreign direct investment was VND 34 trillion and investment from private sector VND 68 trillion, equivalent to 46 percent and 45 percent of the yearly plan respectively.

Deputy PM Nguyễn Sinh Hùng highlighted seven solution groups to be observed in order to fulfill socio-economic tasks in 2007. These solutions include: to maintain major economic balances, first of all, in monetary, commodity, import-export, and budget collection-expenditure; to facilitate production and business activities; to reduce poverty in an active and sustainable way; to tighten the control over food quality, safety and hygiene; to prevent agricultural epidemics and natural calamities; to minimize traffic accidents; to boost administrative reforms, anti-corruption, anti-prodigality, and thrift practice.

The Government pledged to provide favorable conditions to speed up the implementation of investment projects, especially those with motive force for high economic growth. Capital will be transferred from slow-tempo projects to the necessary ODA ones which should be finished within 2007. The Government will direct to lift regime and policy barriers to accelerate the disbursement of ODA capital. Investment resources will be concentrated on important projects, particularly those to develop electricity, transport, irrigation and education.

The Government also planned to expand markets for Vietnamese products and exploit domestic materials for making exports, reducing the dependence on imported materials. It is also neccesary to take measures to stabilize market prices and readjust monetary policies to deal with any negative impacts.

By Hồng Uyên