VGP – The Government has introduced its key solutions for directing the implementation of the social-economic development plan and State budget estimate in 2012. The following is the full translation of the solutions. RESOLUTION Key solutions for directing the implementation of the social-economic development plan and State budget estimate in 2012 Despite many difficulties and challenges in 2011, the national economy has, as guided by the sound leadership of the Communist Party and drastic measures taken by the Government, as well as fuelled by efforts exerted by sectors and agencies of all levels, the business community and people, moved positively and obtained an array of significant achievements in curbing inflation, stabilizing the macro-economy, and ensuring social welfare. These included an economic growth rate of at about 6%; agriculture developing stably; food output making a new record high; industrial production increasing fairly; service and tourism sectors continuing with their growing trend. Export turnover saw a three fold rise over the preset target; trade deficit went down sharply; State budget overspending dipped; the currency and credit balance were put under control; the foreign currency market and foreign exchange rate was gradually stabilized; the foreign currency reserve increased; the speed of price hike gradually slowed down; due attentions were paid to social welfare; people’s living standards were step by step improved; other social fields made progress. Political security, social order and safety were maintained; national defense was strengthened, and national sovereignty and territory was secured; and external relations continued to obtain important results….