Vietnam targets 10% export rise, 6.2% GDP growth for 2015

Vietnam targets 10% export rise, 6.2% GDP growth for 2015

A GDP growth rate of 6.2 percent and a 10 percent rise in export earnings in 2015 is among the main social and economic targets announced by the Government in its recent resolution.

 

The Government has issued Resolution No. 01 specifying major socio-economic tasks in 2015 and solutions to fulfill these tasks. Along with the GDP and export turnover targets, the resolution also set out other important goals in 2015, including a trade deficit accounting for 5 percent of the total export value, a consumer price index (CPI) growth rate of 5 percent, total social development capital making up from 30 to 32 percent of the GDP, 1.6 million new jobs created, and the poverty rate cut by 1.7-2 percent.

Under the resolution, the State Bank of Vietnam must pursue a flexible monetary policy to control inflation, boost economic growth, ensure macro-economic stability, and develop the financial and stock markets.

The Ministry of Planning and Investment must step up capital allocations for key projects scheduled for completion in 2015 while ensuring counterpart capital for official development assistance (ODA) projects.

The Ministry of Industry and Trade is asked to maintain the balance of goods supply and demand, and take effective measures to stabilize prices and the market, particularly during the upcoming Lunar New Year, which will fall on February 19.

Meanwhile, the resolution requests that the Finance Ministry strengthen managing State budget spending, cut down expenses on meetings, seminars, overseas business trips and festivals.

The Government also asked all ministries, agencies and localities to continue the country’s economic restructuring plan, and accelerate the re-organization of State-owned enterprises.

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