Premise for achieving socio-economic development targets 2018

National Assembly Chairwoman Nguyen Thi Kim Ngan

The results are attributable to the aggressive implementation of measures from central to local levels, particularly the timely issuance of Resolutions by the National Assembly and government.

Vietnam’s National Assembly is responsible for deciding national development plans and set annual socio-economic targets in the form of a Resolution.

Major targets

During its 4th session late last year, the National Assembly approved a Resolution on socio-economic development for 2018, aiming to achieve GDP growth of 6.5% to 6.7%. It also set basic targets for average consumer price index, export turnover, import deficit, social development investment capital, and the percentage of poor households.

National Assembly Chairwoman Nguyen Thi Kim Ngan said “The National Assembly has candidly pointed out shortcomings in several sectors, assesses what has been done and has not, and analyzed risks and challenges. The government and sectors must implement strong, breakthrough solutions to achieve targets.”

Aggressive implementation

After the National Assembly sets targets, the government takes specific actions. At the beginning of this year, the government issued Resolution 1 to create a uniform administrative system to accomplish yearly tasks.

Minister and Chairman of the Government Office Mai Tien Dung said “Resolution 1 is the year’s most important guideline of government management and State administration. The Resolution outlines focal points and priorities. Ministries and sectors work out their own tasks and solutions, which can be for one year or longer-term in order to effectively implement the Resolutions of the National Assembly.”

240 tasks assigned by the government to ministries and sectors have been fruitfully implemented. The flexible financial and monetary policy has stabilized the macro-economy and created growth momentum. The business environment has improved significantly.

Truong Van Hien, Director General of the Nghe An Agricultural Material Joint Stock Company, said “I am glad that the government issued Resolution 1 which contains some much-awaited directions for administrative reform, which is very important to us as it concerns sub-licenses, import-export formalities, and goods verification, and for removing obstacles that hinder business operations. Many companies have been looking forward to these solutions.”

According to the Ministry of Planning and Investment, all 12 socio-economic targets set for this year will be met or surpassed.