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Gov’t commits to NA goals in 2010

VGP – On the basis of the socio-economic performance in the first four months and better domestic and foreign economic outlook, the Government proposes to maintain major goals and norms which were ratified by the National Assembly (NA)for 2010.

05/20/2010 01:42

Permanent Deputy PM Nguyễn Sinh Hùng delivers a report at the 7th session of the 12th National Assembly, Hà Nội, May 20, 2010 – Photo: VGP/Hồng Phong  

On behalf of the Government, Permanent Deputy PM Nguyễn Sinh Hùng presented a report on the implementation of synchronous measures to stabilize macro-economy, rein in inflation, maintain recovery trend.

The socio-economic picture, according to Mr. Hùng, got better in Q1, with GDP surged by 5.83%, industrial output 13.6%, export turnover 8.9% against the same period last year. The administrative reform entered the second phase. Around 81% of administrative procedures will be streamlined to facilitate business and livelihood. 

However, the Government failed to fulfill some targets of CPI and macro-economic stability.  

Striving for NA targets in 2010

The Permanent Deputy PM highlighted the Government’s determination to put the NA-adopted goals into reality.  

Major norms set by the NA in 2010

- GDP growth rate: 6.5 %

- Inflation rate: 7%

- The whole society's total investment capital: accounting for 41% of GDP

- Generating 1.6 million jobs

- Poverty reduction: 10% of poor households

First, to carry out measures on macro-economic stability, inflation curbing and sustained economic recovery;

Second, to bolster production, business, and investment for a GDP growth rate of 6.5% in 2010;

Third, to implement the Resolution adopted at the 7th plenum of the Communist Party of the Central Committee on agriculture, peasants and rural areas;

Four, to spur cultural and social activities, ensure social security and adopt sustainable poverty reduction;

Five, to strengthen activities in the areas of national defense, security, diplomacy for the sake of peace, friendship, cooperation and national development;

Six, to speed up administrative reforms and enhance State management;

Seven, to create unanimity at all administrative levels and generate a high consensus among people for the fulfillment of the national goals in 2010./.

By Hương Giang