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NA approves 2014 socio-economic development plan

VGP – The National Assembly (NA) on November 11 passed a Resolution on socio-economic development plan for 2014 with votes reaching 86.35%.

11/11/2013 17:14

Development goals set for 2014

Accordingly, Viet Nam will work towards stabilizing the macro-economy, controlling inflation, keeping a reasonable growth rate, increasing the quality, effectiveness and competitiveness of the economy by speeding up the implemention of three strategic breakthroughs in asdociated with renovation of growth model and economic restructuring.

The nation aims to guarantee social security and welfare and improve people’s lives, use natural resources effectively, protect the environment and respond to climate change, boost up the administrative reform and anti-waste and corruption, improve the investment environment, guarantee national defense, political security and social order as well as expand and enhance the effectiveness of diplomatic works and international integration.

The NA approved main growth rates, including Gross Domestic Product (GDP) rate increasing by 5.8%, export turnover rising by 10%, trade deficit accounting for 6% of total export turnover, the Consumption Price Index (CPI) inching up 7% and total social development investment making up 30% of GDP.

In social development, the Resolution has set to reduce poor households by 1.7%-2%, creating jobs for 1.6 million of laborers, reducing urban unemployment rate to under 4%, increasing the percentage of trained workers to 52%, and decreasing the percentage of children under five with malnutrition to 15.5%.

The Resolution also underlines the protection of the environment by dealing with 85% of seriously polluted a factories and increasing forest coverage to 41.5%.

Solutions to difficulties 

The NA agreed with solutions to difficulties proposed by the Government and other relevant agencies regarding the implementation of a flexible monetary policy while executing a tight fiscal policy, monitoring the interest rate in accordance with controlling inflation, managing the exchange rates and foreign exchange market, addressing debts and applying markets prices for electricity, healthcare and educational services.

The NA also approved effective and long-term solutions to the consumption of main agricultural products such as rice, coffee, rubber, shrimp, fish and fruits.

The NA deputies were also unanimous in encouraging the involvement of businesses and economic sectors in the economic restructure process as well as completing an legal environment to accelerate the development of a strong financial market for a sustainable economic growth rate.

By Thuy Dung