Prime Minister Nguyen Tan Dung has instructed ministries, agencies and
localities to ensure capital is invested effectively in key areas and
projects, avoiding undirected investment with potential wastefulness and
The Government leader made the request
in Hanoi on July 4 while attending the planning and investment
sector’s meeting on building the socio-economic development plan for
2013 and the State budget investment plan for the 2013-2015 period.
PM Dung urged for more drastic measures to renovate the management
mechanisms of national target programmes on public investment, while
stressing the need to mobilise all different sources for social
investment besides capital from State budgets.
According to Dung, 2013 will be an important transitional year for
fulfilling the targets set in the 2011-2015 five-year socio-economic
development plan, creating a momentum for the successful implementation
of the goals of the 2011-2020 ten-year socio-economic development
He stated that in 2013, the country will
continue to carry out synchronous and effective measures to stabilise
the macro economy and curb inflation.
“Stabilising the macro economy and controlling inflation is a basic
objective, so the ministries, agencies and localities must always
strengthen measures to achieve this goal,” he noted.
The country should maintain its economic growth at an appropriate
rate of about 6-6.5 percent, keep inflation at 5-6 percent and reduce
State budget overspending to 4.7 percent, he added.
To reach these goals, the PM emphasised the need to implement a
tightened monetary policy and flexibly use the tools of the monetary
policy to curb inflation at the targeted rate, helping stabilise the
macro economy and ensure sustainable development.
According to the Ministry of Planning and Investment (MPI), the overall
objective of the 2013 socio-economic development plan is to improve the
quality of growth in combination with economic restructuring,
continuing to stabilise the macro economy and ensuring sustainable
economic development as well as social welfare.
The ministry stressed that the building of the 2013-2015 investment
plans should take into consideration how to contribute to realising
socio-economic development objectives and orientations in the 2011-2015
period, together with restructuring the economy and building a
synchronous supporting infrastructure.
from the State budget should only focus on projects in progress in order
to ensure that these works are completed on schedule and operate
In September this year, the MPI will
report to the Government the 2013 socio-economic development plan for
‘fine-tuning’ before submitting it to the National Assembly.-VNA