ID :
53204
Tue, 03/31/2009 - 22:42
Auther :
Shortlink :
http://m.oananews.org//node/53204
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Gov't proposes to slash growth target to 5 percent
Hanoi (VNA) - The government will propose the National Assembly to adjust the targeted GDP growth rate of 2009 to 5 percent from 6.5 percent, said Prime Minister Nguyen Tan Dung on March 31.
The PM is chairing a regular government conference, the first online ever so far,
with the participation of leaders of ministries and 63 localities nationwide. The
three-day conference was designed for discussions on socio-economic development
in the first quarter of 2009 and tasks for the whole year.
PM Dung said the ongoing economic crisis was exerting impacts on all fields,
particularly investment and exports. However, in this context, the national economy
still sees positive progress, the PM said.
"We can hope that the economic growth in the next quarters will increase, the
budget deficit will not exceed 8 percent and the inflation rate will be kept below
6 percent," he said.
During the past two days, the meeting heard Minister of Planning and Investment Vo
Hong Phuc and Minister of Finance Vu Van Ninh reporting on the implementation of
socio-economic development tasks in 2008 and the plan for 2009, urgent solutions to
prevent economic slowdown, and the State budget expenditure in 2008 and estimates
for 2009.
The participants agreed on the major task to the year-end, which is to continue
solutions to prevent economic slowdown, maintain economic growth, and ensure social
security and sustainable development.
They also agreed upon additional solutions such as accelerating the disbursement of
capital sourced from the State budget, government bonds, official development
assistance (ODA), and foreign direct investment (FDI), and slashing the interest
rate of loans for development investment from 6.9 percent to 3 percent per year.
On March 31 afternoon, Minister of Construction Nguyen Hong Quan presented a draft
resolution on building accommodations for students, workers in industrial zones,
and low income earners in urban areas.
The draft targets to provide housing for 60 percent of students and 50 percent of
workers in industrial zones by 2015.
It proposes that the People's Committees of Ho Chi Minh City and Hanoi be
allowed to build 200,000 accommodations for rent for students at a total cost of 8
trillion VND sourced from government bonds. The projects will be started in 2009
and completed by the second quarter of 2011.
On the last day, April 1, the conference will discuss several bills, including the
amended Press Law, the revised Laws on Cultural Heritages, and Medical
Practices.-Enditem
The PM is chairing a regular government conference, the first online ever so far,
with the participation of leaders of ministries and 63 localities nationwide. The
three-day conference was designed for discussions on socio-economic development
in the first quarter of 2009 and tasks for the whole year.
PM Dung said the ongoing economic crisis was exerting impacts on all fields,
particularly investment and exports. However, in this context, the national economy
still sees positive progress, the PM said.
"We can hope that the economic growth in the next quarters will increase, the
budget deficit will not exceed 8 percent and the inflation rate will be kept below
6 percent," he said.
During the past two days, the meeting heard Minister of Planning and Investment Vo
Hong Phuc and Minister of Finance Vu Van Ninh reporting on the implementation of
socio-economic development tasks in 2008 and the plan for 2009, urgent solutions to
prevent economic slowdown, and the State budget expenditure in 2008 and estimates
for 2009.
The participants agreed on the major task to the year-end, which is to continue
solutions to prevent economic slowdown, maintain economic growth, and ensure social
security and sustainable development.
They also agreed upon additional solutions such as accelerating the disbursement of
capital sourced from the State budget, government bonds, official development
assistance (ODA), and foreign direct investment (FDI), and slashing the interest
rate of loans for development investment from 6.9 percent to 3 percent per year.
On March 31 afternoon, Minister of Construction Nguyen Hong Quan presented a draft
resolution on building accommodations for students, workers in industrial zones,
and low income earners in urban areas.
The draft targets to provide housing for 60 percent of students and 50 percent of
workers in industrial zones by 2015.
It proposes that the People's Committees of Ho Chi Minh City and Hanoi be
allowed to build 200,000 accommodations for rent for students at a total cost of 8
trillion VND sourced from government bonds. The projects will be started in 2009
and completed by the second quarter of 2011.
On the last day, April 1, the conference will discuss several bills, including the
amended Press Law, the revised Laws on Cultural Heritages, and Medical
Practices.-Enditem
