The Ministry of Planning and Investment,in conjunction with the World Bank, organised a seminar in Hanoi onMay 17 to collect suggestions for Vietnam ’s draft socio-economicdevelopment plan for the 2011-2015 period.
The draft plan sets an average GDP growth target of between 7.5 and8.5 percent per annum during the five years. By 2015 theagro-forestry-fishery sector will contribute 19 percent to the country’sGDP, while industry and construction will make up 40.7 percent; andservices, 40.3 percent.
Under the draft blueprint, Vietnam will strive to achieve anannual average export growth of 12.2 percent, and raise its budgetcontribution to 25.1-25.4 percent of the GDP and development investmentto 41.1-41.5 percent during the period.
To reach these results, the draft plan also mapped out a number ofspecific tasks, focusing on stabilising the macro-economy and renewingthe model of growth, improving the socialist-oriented market economyinstitutions and creating an equal, transparent, stable and openinvestment environment.
Improving the competitiveness edge of the economy, businesses and eachproduct both on domestic and world markets, encouraging development ofeconomic sectors and ensuring the leading role of the state-run sectorin the entire economy are also major tasks for the years to come.
In addition, the draft plan also emphasised the need to enhance thequality of education-training and personnel, develop high-quality humanresources for the economy’s important fields, increase the number oftrained workers, step up the application of technological advances inindustry, agriculture, service and administrative management, andaccelerate infrastructure development, specially large-scaled and urbaninfrastructure projects.
WB Country Director in Vietnam Victoria Kwakwa suggested thatVietnam should work out suitable investment directions for each regionso that it can fully tap their different advantages.
Deputy Minister of Planning and Investment Cao Viet Sinh toldparticipants that Vietnam plans to carry out a series of majorinfrastructure projects in the next 10 years, including an expresswayand a high-speed railway connecting the North and the South.
UN Resident Coordinator, John Henry, urged Vietnam to learnexperiences from other nations and devise a specific strategy that musttake into account issues regarding climate change, energy saving andenvironmental protection./.
The draft plan sets an average GDP growth target of between 7.5 and8.5 percent per annum during the five years. By 2015 theagro-forestry-fishery sector will contribute 19 percent to the country’sGDP, while industry and construction will make up 40.7 percent; andservices, 40.3 percent.
Under the draft blueprint, Vietnam will strive to achieve anannual average export growth of 12.2 percent, and raise its budgetcontribution to 25.1-25.4 percent of the GDP and development investmentto 41.1-41.5 percent during the period.
To reach these results, the draft plan also mapped out a number ofspecific tasks, focusing on stabilising the macro-economy and renewingthe model of growth, improving the socialist-oriented market economyinstitutions and creating an equal, transparent, stable and openinvestment environment.
Improving the competitiveness edge of the economy, businesses and eachproduct both on domestic and world markets, encouraging development ofeconomic sectors and ensuring the leading role of the state-run sectorin the entire economy are also major tasks for the years to come.
In addition, the draft plan also emphasised the need to enhance thequality of education-training and personnel, develop high-quality humanresources for the economy’s important fields, increase the number oftrained workers, step up the application of technological advances inindustry, agriculture, service and administrative management, andaccelerate infrastructure development, specially large-scaled and urbaninfrastructure projects.
WB Country Director in Vietnam Victoria Kwakwa suggested thatVietnam should work out suitable investment directions for each regionso that it can fully tap their different advantages.
Deputy Minister of Planning and Investment Cao Viet Sinh toldparticipants that Vietnam plans to carry out a series of majorinfrastructure projects in the next 10 years, including an expresswayand a high-speed railway connecting the North and the South.
UN Resident Coordinator, John Henry, urged Vietnam to learnexperiences from other nations and devise a specific strategy that musttake into account issues regarding climate change, energy saving andenvironmental protection./.
