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 … [Read more...] about Key solutions for realizing socio-economic development plan
For unemployment which plans are adopted by government
VGP - PM Nguyen Tan Dung on Monday presented a Report on the socio-economic situation in 2013, results of the first three-year implementation of the five-year plan 2011-2015 and the tasks for 2014-2015 at the 6th session of the 13th National Assembly. The following is the translated version of the report: Leaders of the Party, State, and Fatherland Front of Viet Nam, Members of the National Assembly, Veteran Revolutionaries, Distinguished guests, Dear fellow citizens, On behalf of the Government, I have the honour to report to the National Assembly and fellow citizens about the socio-economic situation in 2013, results of the first three-year implementation of the five-year plan for 2011-2015 and the tasks for 2014-2015. Part I SOCIO-ECONOMIC SITUATION IN 2013, RESULTS OF THE FIRST THREE-YEAR IMPLEMENTATION OF THE FIVE- YEAR PLAN FOR 2011-2015 The targets and tasks stated in the 11th Party Congress Resolution for the five-year plan of 2011-2015 were developed amidst global … [Read more...] about Government’s mid-term report
(VEN) - With a 90.4 vote in favor on November 9 the National Assembly (NA) adopted the Resolution on Socioeconomic Development Plan for 2012, which describes inflation control as the primary task. The NA predicted that the world economy would continue changing drastically in 2012. As for Vietnam, weaknesses and disadvantages would expose more clearly, and macro economic managers would face difficulties in harmonizing the needs to stabilize the macro economy, control inflation and maintain the growth momentum. Next year would create both opportunities and challenges requiring the Government to take tough steps and make the most of national internal strength. The Resolution shows that the Socioeconomic Development Plan for 2012 emphasizes the need to curb inflation, stabilize the macro economy, maintain a proper growth, renew the growth model, restructure the economy, improve competitiveness, ensure social welfare and social security, increase people's living standards, maintain and … [Read more...] about Inflation Control: A Top Goal for 2012
Correct Dose For Inflation Experts share their views on whether Vietnam should soften its approach to fighting inflation and reforming the economy HASTY RATE CUT INADVISABLE The wave of bankruptcy sweeping through the business community has arguably underpinned the recent rate cut. The authorities probably feel the urge to do something to alleviate the suffering of enterprises. The question is what really causes such suffering. If enterprises struggle because of sky-high interest rates, the recent move is justified. However, if the cause is structural, then a more fundamental solution is necessary. Public opinion has leaned toward the deleterious impacts of interest rates while scarcely touching structural problems. Perhaps the Government should try to reassure the populace and enterprises, convincing them of the need to stick to existing reforms, however painful. Restructuring inefficient State-owned conglomerates that maintain their monopolistic grip and press for price hikes at the … [Read more...] about Correct Dose For Inflation
Leading experts and business executives gaze into their crystal ball in this two-part prognosis. Consumers at Lotte Mart in Ho Chi Minh City's District 7. Businesses depending on exports will find it difficult to survive in 2009 but those depending on the local market will remain in good shape, experts said. … [Read more...] about What does 2009 hold for economy and businesses?