(VOVworld) – Prime Minister Nguyen Tan Dung has presented a government report on Vietnam’s socio-economic development in 2015 and during the 2011-2015 period at the National Assembly session in Hanoi. The report also covers plans for 2016 and the next 5 years.
Prime Minister Nguyen Tan Dung said that over the last 5 years Vietnam has been focusing on controlling inflation; stabilizing the macro-economy; ensuring national defense, political and social stability, and social security; maintaining an appropriate growth rate; restructuring the economy; reforming the growth model; expanding external relations; and increasing the effectiveness of international integration. Vietnam is trying to create a foundation for higher growth during the next 5 years.
Socio-economic development in 2015 and during the 2011-2015 period
Vietnam has achieved 17 of the 26 goals set in the 2011-2015 development plan. This year’s GDP growth rate is expected to reach a record high 6.5% in 5 years, producing a 5-year average of 5.9%. Prime Minister Dung said: “Despite many difficulties we have controlled inflation, stabilized the macro-economy, ensured social security, and improved people’s living conditions. Initial results have been recorded in the implementation of strategic breakthroughs. National sovereignty has been ensured and Vietnam’s position in the world arena has improved.”
Development plans for 2016 and until 2020
Over the next 5 years in addition to socio-economic development Vietnam will continue to focus on climate change response, natural resources management, environmental protection, creating an environment of peace and stability for national construction and defense, and building a foundation for Vietnam to become an industrial nation. Prime Minister Dung stressed the importance of restructuring the economy and reforming the growth model: “Reforming the growth model will create rapid, sustainable growth. Coordinated measures should be implemented to restructure the agricultural sector and build new rural areas. Efforts should be made to increase the added value of agricultural products 3-5% and ensure that half of the communes nationwide achieve the new rural development criteria by 2020. Industrial restructuring should also be stepped up to create a foundation for industrialization and modernization.”
Prime Minister Dung stressed the need to improve human resources, science, and technology; boost cultural development; and ensure social progress and equality. He said improvements are also needed in state management, building an effective state apparatus, expanding external relations, and international integration.