Prime Minister Nguyen Tan Dung

The Government chief affirmed Wednesday while presiding over a national conference of the Ministry of Planning and Investment during which participants discussed on socio-economic performance in 2012 and major orientations for 2013.

The overall targets for 2013 also include improving the quality of growth in combination with economic restructuring and ensuring social welfare.

Besides, Vietnam would strive for a reasonable GDP growth rate of around 6-6.5%, inflation rate of 5-6% and budget overspending rate of 4.7%.

To fulfill the above targets, the Government would continue pursuing a cautious monetary policy and combining monetary and fiscal policies for economic stability and sustainable development, according to the PM.

He also emphasized the need to beef up production activities while shifting development model towards higher efficiency and competitiveness and boosting technological application for higher productivity.

At the conference, Deputy Minister of Planning and Investment Cao Viet Sinh briefed about the guiding framework for designing socio-economic development plan for 2013.

Under the framework, ministries, agencies and localities are responsible for mapping out specific socio-economic development plans for 2013 and submit them to the Ministry of Planning and Investment (MPI) before July 20.

The MPI is in charge of reporting the plan to the PM in September before submitting it to the NA for approval.

By Kim Anh