National Assembly targets 6.7% GDP growth in 2017

09:44 | 08/11/2016 Events

The National Assembly (NA) on November 7 adopted a resolution on the socio-economic development plan for 2017, which aims for a gross domestic product (GDP) growth rate of about 6.7%.

National Assembly targets 6.7% GDP growth in 2017

NA deputies press the button to approve the resolution on the socio-economic development plan for 2017

As much as 85.02% of the NA deputies approved the resolution at the plenum, which was part of the 14th parliament’s second session.

The plan also targets a 6-7% rise in export-import revenue, and a trade deficit accounting for some 3.5% of the total trade turnover. While the consumer price index is hoped to increase around 4 percent, total social development investment is expected at 31.5% of GDP.

Vietnam is set to have its household poverty rate decline by 1-1.5% under the multidimensional measurement. The respective health insurance and forest coverage is hoped to reach 82.2% and 41.45% next year.

The plan targets a stable macro-economy, economic restructuring associated with growth model reform, and improvement of the economy’s competitiveness. It also looks to encourage sustainable start-ups, ensure social welfare, proactively respond to climate change, increase environmental protection, and step up administrative reforms.

Under this plan, the country will press on with protecting independence, sovereignty, territorial integrity, national security, political stability, and social order and safety. It is also going to improve diplomatic activities, international integration, and promote a peaceful and stable environment for national development.

In the newly-passed resolution, the parliament calls on the entire Vietnamese people, both at home and abroad, to bring into play patriotism, capitalise on internal strength, and make use of opportunities to carry out the 2017 socio-economic development plan as best as possible./.


Source: NDO/VNA