Sunday, August 20, 2017 - 15:06:20

NA adopts 5.8 percent GDP growth target for 2014

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National Assembly deputies have approved a resolution on the 2014 socio-economic development plan, which targets a 5.8 percent GDP growth and a 10 percent increase in export turnover.

The resolution, which was adopted during the November 11 morning plenary session, outlines the overall goals for 2014 as continuing to stabilise macro-economy, curbing inflation, and increasing the quality, efficiency and competitiveness of the economy through growth model renewal and economic restructuring.

Among specific targets, the trade deficit is projected to be 6 percent of total export value, inflation should be kept at 7 percent, and the number of poor households should be cut by 1.7-2 percent next year.

Other goals include 1.6 million new jobs, an unemployment rate of under four percent in urban areas and a malnutrition rate below 15.5 percent among under- children.

The resolution also puts forth solution groups, including implementing flexible monetary and tight fiscal policies; adjusting interest rates in conformity with inflation control goal; keeping suitable credit growth; efficiently managing the foreign exchange rate and foreign exchange market and controlling debts at safe levels. The resolution also emphasises the need to continue with the three strategic breakthroughs and efforts to complete the market economic institutions, among others.

At the meeting, Prime Minister Nguyen Tan Dung also submitted to the NA proposals on relieving Deputy Prime Minister Nguyen Thien Nhan of his position in order for him to take up other responsibilities, and on increasing the number of deputy prime ministers from the current four to five .

In the afternoon, the National Assembly will discuss in group the draft revised Construction Law and Law on Environmental Protection.-VNA
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