Government resolution on this year’s development plans
The Vietnamese government has issued a resolution on socio-economic development plans for this year which include stabilizing the macro-economy and removing obstacles to business production.
Other plans include implementing strategic breakthroughs, restructuring the economy, changing the growth model, improving competitiveness, and achieving a growth rate higher than in 2014.
The plans will also focus on boosting administrative and judicial reform, protecting the environment, combating corruption and wastefulness, strengthening national defense, political security and public order, protecting national sovereignty, and accelerating international cooperation and integration.
The government asked the State Bank of Vietnam (SBV) to coordinate with ministries and localities to adjust monetary and fiscal policies to control inflation, boost economic growth, and mobilize capital for development investment.
The Ministry of Industry and Trade was asked to expand the export market by focusing on high growth export items, removing market barriers, and negotiating more free trade agreements to make it easier to export Vietnamese agricultural, forestry and fishery products.
The government directed ministries and People’s Committees to tighten market and price controls toward reducing the bad debt ratio to less than 3% in 2015, speeding the equitization of state-owned enterprises (SoEs), reforming self-managed public agencies, and reducing hospital overloading.
