The Government issued early this month Resolution No. 01/NQ-CP, on major tasks and solutions for implementation of this year’s socio-economic development plan and state budget estimates.
Under the Resolution, the gross domestic product is set to grow at 6.2 percent; export revenues at 10 percent; and the consumer price index at 5 percent. The poverty rate is expected to decrease by 1.7-2 percent, and the bad debt ratio to less than 3 percent. The country is expected to create 1.6 million jobs this year.
State-owned enterprises will focus on equitizing and divesting capital from non-core businesses in 2015__Photo: VNA
The State Bank of Vietnam is asked to administer the monetary policy and fiscal policy in a proactive and flexible manner to control inflation, ensure macro-economic stability, accelerate economic growth and develop the financial and stock markets in order to increase the capacity to raise capital for development investment.
The Ministry of Finance is requested to closely control state budget expenditures without issuing new policies that increase budget spending. It is also asked to cut down expenses for conferences, seminars, festivals and overseas business trips.
The Ministry of Planning and Investment is set to focus investment capital on important projects scheduled for completion in 2015 and ensure domestic funds for official development assistance projects. The Ministry of Industry and Trade is required to ensure the balance of goods supply and demand to prevent supply shortage and unreasonable price hikes, especially during the upcoming Lunar New Year Festival.
Ministries, agencies and localities are requested to continue the overall economic restructuring plan and submit plans on restructuring industries and sectors to authorized agencies by no later than the end of the second quarter. They must also accelerate the restructuring of state-owned enterprises and focus on equitizing and divesting state capital from these enterprises.
This Resolution takes effect on January 3, 2015.-