President Nguyen Minh Triet and Prime Minister Nguyen Tan Dung presented their working reports for the 2007-2011 term at the on-going ninth session of the 12th NA in Hanoi on March 21.

President Triet reported that he had implemented tasks relating to legislative and judiciary activities, and law execution, defence and security sectors.

He made suggestions to the NA Standing Committee on ordinance building programmes and the content of a number of laws and ordinances. He was involved in building an increasingly synchronous legal system which meets State and social management requirements and international integration standards.

The President also paid due attention to mass mobilisation work and listened to the opinions of all people.

He closely collaborated with the Presidium of the Vietnam Fatherland Front Central Committee in contributing to the national great unity bloc and bringing into play democracy in social life, encouraging the people to give opinions on building the Party’s policy and the State laws, and bringing into play the creativity of people from all walks of life in the national construction and defence.

The Prime Minister’s report showed that under the Party’s leadership and State management, the efforts of the political system and people nationwide, the country’s socio-economic development has recorded important achievements.

The Government has instructed the completion of the legal system and socialist-oriented market economy mechanism. Over the past five years, the number of the country’s businesses more than doubled and their combined registered capital increased almost six times and around 4,000 new cooperatives were established. By the end of 2010, 544,000 businesses registered for operation, compared with the set target of 500,000 businesses.

In the 2006-2010 period, the private sector contributed 34.8 percent of social investment, generated 49 percent of non-agricultural jobs in rural areas and contributed 45 percent of the country’s GDP.
Foreign investment in the period reached around 150 billion USD and total FDI disbursement was almost 45 billion USD, more than 2.7 times higher and surpassing the set targets by 77 percent, respectively. FDI businesses have contributed to the country’s economic restructuring and increased competitiveness capability. Official development assistance (ODA) commitment was more than 31 billion USD and ODA disbursement reached around 13.8 billion USD, surpassing set targets by more than 1.5 times higher and 16 percent, respectively.

The Government has kept its own debt and public and national debt within the safety limit and ensured the stable operation of the banking system. Bad debts in the commercial banking system reduced compared with previous years. The Government has instructed synchronous measures to develop trade in the country and gradually overcome payment imbalance, thus contributing to ensuring the major balances of the economy.

The agricultural sector recorded an average annual increase of 4.8 percent in production value over the past five years.

The country’s economic growth rate attained an annual increase of around 7 percent from 2006-2010 and the per-capita GDP reached 1,168 USD in 2010.

The PM and his government also paid special attention to socio-cultural development, science-technology, environmental protection and care for people’s lives.

The unemployment rate in urban areas dropped from 4.82 percent in 2006 to 4.43 percent in 2010, poverty-stricken households fell from 18.1 percent in 2006 to 9.45 percent in 2010, and in particular from more than 50 percent to 38 percent in 62 poorest districts.

The PM and his government focused their instruction on implementing administrative reform, improving state management efficiency and effectiveness and combating corruption and wastefulness, managing external activities and consolidating and expanding relations with neighbouring countries and important partners, while enhancing defence and security as well as ensuring political stability and social order.

PM Dung admitted his shortcomings in management and leadership. They included shortcomings in the legal and mechanism system, unstable economic development; low quality effectiveness and competitiveness; infrastructure failing to meet development requirements; and slow action in human resource training and scientific and technological development./.