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Official Gazette

Thursday, December 14, 2017

Vietnam targets GDP growth of 5.8 percent

Updated: 11:31’ - 22/04/2014

Vietnam strives to attain the gross domestic product growth of around 5.8 per cent and an export revenue growth of around 10 percent, reduce the proportion of poor households by 1.7-2 percent and that of poor districts by 4 percent, generate around 1.6 million jobs, and reduce the urban unemployment rate to below 4 percent.

The above targets are set forth in the Government’s Resolution No. 01/NQ-CP of January 2, on major tasks and solutions for directing the implementation of the 2014 socio-economic development plan and state budget estimates.

As the country’s economy still faces weaknesses and shortcomings and its competitiveness remains low, the Government requests ministries, agencies and provincial-level People’s Committees to manage monetary policies in a flexible and active manner, closely combine them with the fiscal policy to control inflation, stabilize macro-economy; implement solutions to extend credits while controlling and improving credit quality, and settle banks’ non-performing loans.

The Government also asks ministries, agencies and localities to set prices of electricity, coal, petrol and essential public services (public health and education) according to the market mechanism.

The Resolution requires stricter control of prices of essential goods and strict handling of illegal price adjustments, especially prices of energy, animal feeds, agricultural materials, milk for kids and medicines, and timely detection of violations of the law on competitiveness.-


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