PM assigns socio-economic development targets to ministries

After reaping remarkable achievements in 2005, Vietnam is taking concrete measures to maintain its high and stable socioeconomic development in 2006. The country is expected to create new breakthroughs in such fields as investment, export and tourism. The National Assembly has set major socioeconomic targets to be realised in 2006, including gross domestic product (GDP) growth of 8 per cent, and growth rates of 3.8 per cent in agriculture, 10.2 per cent in industry, 8 per cent in service and 16.4 per cent in export turnover; creation of 1.6 million jobs; and poverty rate of 20 per cent. To this end, the…... [read more]

Nhan Dan - Prime Minister Nguyen Tan Dung signed a directive on June 14 requiring ministries, industries, localities, economic agencies and State-owned corporations to develop socioeconomic development and State budget plans for 2015. PM Dung asked them to continue the general scheme of economic restructuring, development model adjustment and sectorial restructuring towards improved quality, effectiveness and competitive capacity; diversified economic, trade and investment relations; and enhanced economic self-reliance. The Government leader also asked the agencies to review and improve socioeconomic development plans for economic zones, localities and sectors while striving to reach a 6–6.2 percent growth in gross domestic product.…... [read more]

PM Nguyễn Tấn Dũng at the ceremony to announce the master planning scheme for socioeconomic development of Ninh Thuận Province, December 10, 2011 – Photo:VGP The master planning scheme, ratified by PM Nguyễn Tấn Dũng on July 22 this year, defines specific objectives, including the annual GDP growth rates of 16-18% from 2011  to 2015 and 19 – 20% from 2016 to 2020.By 2015, the proportion of industry construction will account for 40% of the locality’s GDP; agriculture-forestry-aquaculture, 25%; and service sector, 35%.The GDP per capital is expected to stand at US $1,400 by 2015 and US $2,800 by 2020.…... [read more]

Photo: VGP On the NA’s opening session on October 20, PM Nguyễn Tấn Dũng, on behalf of the Government, presented the Government’s report on the socioeconomic situations in 2011 and plans on socioeconomic development in 2012 and the 2011-2015 period.The report puts forth some key targets set for 2012 and the next 5 years, as well as 7 groups of measures for socioeconomic development.NA deputies listened to the Economic Committee’s report on verifying the Government’s report.The Government Web Portal will update contents of working sessions of the plenary meeting. By Ngọc Vân... [read more]

The aforesaid ministries include the Ministry of Planning and Investment, the Ministry of Finance, the Ministry of Public Security, the Ministry of National Defense, the Ministry of Agriculture and Rural Development, the Ministry of Industry and Trade, the Ministry of Health, and the Ministry of Labor, Invalids and Social Affairs.The Ministry of Planning and Investment is in charge of accelerating gross domestic product (GDP) in 2016 to around 6.7%; maintaining consumer price index (CPI) below 5% and total social development investment capital around 31% of the GDP.   The Ministry of Agriculture and Rural Development was required to raise forest coverage…... [read more]

Addressing the National Assembly’s 14-day working session Tuesday, Deputy Prime Minister Nguyen Sinh Hung delivered a supplementary report on socioeconomic development and state budget, and put forward tasks for 2007. In 2006, Vietnam maintained stable and high gross domestic product growth of 8.17 per cent, with a positive shift toward the market economy despite facing natural calamities, pandemics of bird flu, foot-and-mouth diseases and brown hoppers. The consumer price index rose 6.6 per cent compared with 8.4 per cent in 2005, and total export revenue reached US$39.8 billion, up 22.8 per cent on year. Nine key exports posted revenue of over US$1…... [read more]

After the Law on Planning is passed, a series of sectoral plans and specific product plans will be abolished or replaced. Administration will be based on clear, public and transparent conditions and criteria. The information is disclosed by Mr Vu Quang Cac, Director of Planning Management Department under the Ministry of Planning and Investment, at a press conference on draft Law on Planning hosted in Hanoi by the Ministry of Planning and Investment.   New pointsMr Dang Huy Dong, Deputy Minister of Planning and Investment and Vice Chairman of Planning Law Drafting Committee, said, after almost 30 years of doi…... [read more]

The World Bank (WB) is proud to take part in Vietnam’s development process and always supports the nation to fulfil its development tasks,” said World Bank Country Director to Vietnam, Victoria Kwakwa, at a working meeting with Vietnamese Prime Minister Nguyen Tan Dung on March 30. Vietnam has attained achievements in socioeconomic development and become a middle-income nation thanks to its efforts and effective cooperation and assistance from the international community, Prime Minister Nguyen Tan Dung said. However, the country still has to face numerous difficulties and challenges in enhancing development, increasing competitiveness, reducing poverty sustainably, promoting health and education, ensuring…... [read more]

As a southwest border province of the country and one of four provinces in the Mekong Delta key economic zone, An Giang is seen to have a lot of potential for developing agriculture, trade, service and tourism. On that basis, the province has introduced many solutions to tap existing local potential and advantages to create a solid foundation for achieving objectives set in the Resolution of the 10th Provincial Party Congress and An Giang Socioeconomic Development Plan for 2016-2020.   Priority to develop existing potentialAccording to a report from the An Giang Provincial People's Committee, the province’s GDP growth rate…... [read more]

Electricity helps rural people do business and increase incomesSon La Power Company (PC Son La) Deputy Director Pham Van Long said that before 1990 the provincial power infrastructure was almost non-existent. Only Son La Town and some other nearby regions had access to electricity which was run off diesel and a small hydropower plant with capacity of just 2MW. The power output was very low and unstable, with a 40 percent rate of power loss. However, thanks to efforts by provincial leaders and the Vietnamese power industry, after the establishment of PC Son La, the board of directors mapped out…... [read more]