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NewsCPI in 2012 is to increase to below 10%

CPI in 2012 is to increase to below 10%

The National Assembly in its Thursday, November 10, 2011 session has passed the resolutions on the economic and social development, the Governmental bond capital and the National Goal Programmes with the 2012 GDP growth rate of 6% to 6.5% and the CPI increase to below 10%.

 

 

With 90.4% of votes, the National Assembly approved the Resolution on the 2012 economic and social development with 9 main indicators and 9 tasks. As a result, the general goal of the 2012 economic and social development plan is “to give priority to reigning in inflation, stabilizing macroeconomy and maintaining the growth at a reasonable level in combination with the renovation of the growth model and restructure of the economy, improvement of quality, efficiency and competitiveness; guaranteeing social welfare and social security and improving the people’s life; maintaining political stability, strengthening national defence, guaranteeing the national security, social order and safety, raising efficiency of foreign relations and international integration”.

Worthy of note is that GDP will increase by 6% to 6.5%; the total export turnover, by 13%; trade deficit, by 11% to 12% over the total export turnover; budget deficit, by below 4.8% of GDP and CPI, by below 10%. At the same time jobs will be created to 1.6 million people; the rate of urban unemployment will be at 4% while the rate of poor households will be reduced by 2% and the rate of 79% of serious environmental pollution will be treated.

With 89% of votes, the National Assembly approved the Resolution on the Government bond capital plan in the 2011-2015 stage with the total sum not exceeding VND 225,000 billion. The Government is asked to review all the projects and works and not to add any new projects in the list that will use the Government’s bond capital in the 2011-2015 stage. To this end, the Government should take measures to raise the quality of management, inspection and examination of the implementation and use of the allocated capital so as to be able to ensure the implementation progress, quality and efficiency of the projects and works already invested with the Government’s bond capital.

With 82% of votes, the National Assembly approved the Resolution on the National Goal Programmes in the 2011-2015 stage with the total expenses of VND 276,372 billion for the whole stage with 16 programmes as initially proposed by the Government.


In accordance with these Programmes, it includes the job creation and occupation training; sustainable reduction of poverty; clean water and rural environmental hygiene; health care; the population and family planning; food hygiene and safety; culture; education and training; drug prevention; crime prevention; effective use and saving of energy; construction of new rural areas; HIV/AIDS prevention; bring information to remote, border and island areas and overcome pollution and improve environment.

Investment capital in implementing the National Goal Programmes shall not exceed VND 276,327 billion with a sum of VND 105,392 billion being sourced from the Central budget, VND 61,542 billion from localities, VND 19,987 billion from foreign capital, VND 39,815 billion from the credit capital and VND 49,635 billion from other sources.

In its morning session on November 9, 2011, the National Assembly discussed the bill on the amended Law on Water Resource. All the deputies agreed to the need of the amended Law on Water Resource with the principle of guaranteeing the harmony of benefits, savings, safety and effectiveness. Attention was drawn to the responsibility of the hydro-electric power plants when they operate and discharge water through floodgates, or else they will cause damage to the economy, to the people’s life and pollution to environment. The Law, according to the deputies, needs to add the regulation on the responsibility of the investors for paying compensations to the losses, if any./.

Source: Cục Thông tin đối ngoại

 

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