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Stabilising macro-economy, curbing inflation Vietnam's key target

Publication Date : 11-10-2012

 

Stabilising the macro-economy, curbing inflation and raising the economy's growth rate are among Vietnam's major economic targets for next year, according to a new report prepared by the ministry of planning and investment (MPI).

The report, which was presented at a meeting of the National Assembly's Economic Committee in Hanoi yesterday, reviewed the implementation of social and economic development plans in 2012 along with development forecasts for 2013.

It said Vietnam would continue tightening monetary policy and working on lowering inflation and ensuring stable interest rates. Work would also focus on ensuring an appropriate increase in outstanding debts as a means of easing the difficulties businesses face in securing bank loans.

The report also proposed the country boost the restructuring of the economy and shift its growth strategy, while ensuring social welfare and security.

The government was also urged to enhance the effectiveness of foreign policy and international integration as well as bolster national defence and socio-political stability.

The country had gained major achievements in meeting this year's targets, said the report.

However, National Assembly deputy Cao Sy Kiem said statistics and measures for future development proposed by the MPI's report were still far from reality.

"The report should focus on targets for 2012 that have not been reached and analyse the situation to propose more appropriate measures for strengthening trust in the economy from people and enterprises," he said.

Participants at the meeting agreed that there would be more difficulties in reaching next year's economic development targets. Kiem suggested the MPI figure out short-term and long-term solutions that are transparent and adequately publicised.

On the same day, the economic committee also reviewed the Government's draft of the revised Land Law.

The committee's deputy chairman Nguyen Duc Kien said that the general report on 10 year of the law's implementation had failed to mention the number of lawsuits related to properties on land and how many of these cases involved in Government compensation for land clearance.

He urged the compiling board of the draft law to co-operate with the Government Inspectorate to clarify these issues.

Deputies also discussed land allocation, price evaluation, revocation of improperly-used land and mortgaging of properties related to land use rights held by foreign banks.

 

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