PM asks for increased social development investment

10:19 | 06/01/2016 Investment

The Prime Minister has assigned the Ministry of Planning and Investment (MPI) to allocate 31% of gross domestic product (GDP) for social development investment this year.

PM asks for increased social development investment

PM urged all ministries, sectors and localities to increase social development investment

Under the PM’s recent decision instructing eight ministries to realise socio-economic development targets for 2016, the MPI was urged to ensure a GDP growth rate of 6.7% and a consumer price index (CPI) increase of below 5% in 2016.

The Ministry of Agriculture and Rural Development has been assigned a forest coverage target of 41%, while the Ministry of Industry and Trade must ensure an export growth rate of 10% and a trade deficit of under 5%.

A total of 24.5 beds per 10,000 people and 76% of the population participating in health insurance are targets set for the Ministry of Health.

The Ministry of Labour, Invalids and Social Affairs must target a reduction of 1.3-1.5 percent in the poverty rate, an unemployment rate of below 4% in urban areas and trained workers accounting for 53% of the total workforce.

The PM also urged all ministries, sectors and localities to do their best to fulfill other socio-economic objectives for 2016 in terms of information and communication, education and training, culture, sports, broadcasting and television./.

 

Source: NDO/VNA

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