In 2011, production will be increased to resume economic growth. Macro-economy will be stable with social welfare and sustainable development. GDP growth rate will be 7-7.5 percent.
Those are main objectives set by the Prime Minister on socio-economic development and State budget in 2011.
2011 will be the first year and important year of the implementation of objectives of the 10-year socio-economic development strategy (2011-2020) and 5-year development plan (2011-2015).
In general, Vietnamese economy will continue to be affected by the world economy which is under fast, complicated and unpredictable changes, while the world economic recession though has been checked but remains below the growth rates of previous years.
Three breakthroughs needed According to the Prime Minister’s instruction, objectives of 2011 plan will be based on domestic and international conditions in recent years, future development prospect and main objectives of the 5-year plan (2011-1015) in the draft political report of the XI Party Congress.
To attain development objectives of 2011, there must be three breakthroughs: perfection of socialist oriented market economy; fast development of human resources, especially high skills; development of complete infrastructure with a number of modern and large-scale projects.
The instruction also pointed out main tasks of the plan regarding economy, education, science and technology, culture as well as social welfare, natural resources, environment and sustainable development. Administrative reform must be accelerated and measures must be taken against the impact of the world economy.
Average growth of 17-19 pct in domestic revenueIn preparation for State budget, ministries, central and local organizations must base on objectives and tasks of socio-economic development of 2011 and 2011-2015.
In 2011, State revenue must be over 23 percent of GDP including taxes and fees of over 21 percent. Domestic revenue (excluding crude oil and land rental) increases at least 17-18 percent against that of 2010. Fees from import-export activities increase at least 7-9 percent.
The Prime Minister asked ministries and central organizations to abandon and amend ineffective or obsolete policy and regulations and issue necessary policy and regulations for 2011-2015 to restructure and increase the efficiency of State spending.
The Prime Minister also asked Ministry of Planning and Investment and Ministry of Finance to report to the government in September 2010 socio-economic development plan and 2022 budget in preparation for submission to the National Assembly.
Before November 20, 2010, the Prime Minister will send socio-economic development plan and 2011 budget to ministries, central and local organizations.
C.P
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