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8:00 PM, 05/09/2007

PM urges to obtain major targets of five-year plan (2005-2010) in 2008

VNGOP – PM Nguyễn Tấn Dũng made the emphasis while concluding the Government’s meeting on September 05 to assess the realization of socio-economic development plan and State budget in 2007 and discuss new duties and plans in 2008.


Photo: VNGOP

The Cabinet members agreed that Việt Nam continues to see socio-economic stability in 2007 and expects to obtain a growth rate of 8.5% for the whole year, the highest over the past decade.


Photo: VNGOP

To maintain the sustainable high growth rate, PM Nguyễn Tấn Dũng urged relevant agencies and sectors to deal with three major difficulties:

Firstly, administrative reforms not to meet the demand of economic development and create the best environment for people, businesses and investors;

Secondly, the shortage of qualified and skilled human resource;

Thirdly, poor infrastructure.

Concluding the meeting, PM Nguyễn Tấn Dũng confirmed that it is possible to gain the GDP growth rate of 9% in 2008 if all ministries, sectors and local authorities drastically put their plans into reality. The Government chief asked them to take the following measures:

To mobilize all investment resources, especially capital sources to develop infrastructure;

To maintain a stable macroeconomic environment;

To further encourage and facilitate the development of enterprises;

To boost administrative reforms, especially administrative procedures relating to the issuance of investment licenses and the disbursement of State budgets;

To speed up the training of labor force;

To engage the whole society in health and education programs;

To fight against corruption and prodigality;

To promote poverty reduction and assist ethnic minorities in improving their life;

To maintain national defense, social security and order.

Some socio-economic development indicators in first eight months of 2007

Economic restructure:

- Industry and construction accounts for 42.1%

- Services: 38.1%

- Agriculture: 19.8%

Over-expenditure controlled at 5% of GDP

Registered FDI capital: US$ 12 billion

Poor households reduced to 14.75%

By Hồng Uyên

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