Vietnam aims for GDP growth rate of 7 - 8 pct in 2011 - 2015

Prime Minister Nguyen Tan Dung has given instructions to build a plan for socio-economic development in the 2011-2015 period during which, Vietnam will strive to reach an annual GDP growth rate of 7-8 percent on average and reduce the number of poor households under the new standards by 2-3 percent/year.

To reach that goal, Mr. Dung said that Vietnam needs to fine tune its market economy institutions, create an open, equal, stable and transparent business environment and iron out any snags in order to speed up investment and business production activities.

He also underscored the need to create the best possible conditions for private and foreign-invested enterprises to further develop and accelerate economic and labour restructuring by renewing and increasing the country’s economic efficiency, which plays a leading role in the socialist-oriented market economy.

It is essential to support the economic development of cooperatives and small-sized enterprises to generate more jobs and improve workers’ living standards, Mr Dung added.

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