To 2017, GDP is expected to increase by 6.7%

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On November 07, 2016, the National Assembly passed the Resolution No. 23/2016/QH14 on socio-economic development plan (2017), requires Government, Supreme People’s Procuracy, Supreme People’s Court and the State Auditors….to implement proactive and flexible monetary policies, continue to restructure credit institutions; develop bond markets, strictly control and tackle bad debts and ineffective credit institutions; ensure financial security and interests of clients. Effectively manage foreign currency and gold markets, increase foreign-exchange reserves. Tighten financial disciplines – state budget; tighten the State budget belt and keep the expenditures within estimation ratified by the National Assembly.

At the same time, encourage enterprises of all economic sectors to participate in developing and providing public services and public service markets under administration of the State. Rearrange and restructure public service providers and privatize eligible public service providers under regulations of laws. Continue to review, revise and supplement measures for improving business and investment environment, lift unreasonable barriers. Simplify administrative procedures; apply information technology to facilitate administrative affairs for expansion of markets by citizens and enterprises. Develop labor markets; concentrate on improving vocational education quality and classifying vocational education. Fundamentally and entirely reform education and training, focus on developing student ability, lifestyles, physical fitness and behaviors. Step up the involvement of private sectors and develop high quality schools. Continue to complete social insurance, health insurance and social welfare systems, and implement solutions and policies on assistance for policyholders of social insurance and health insurance.

Focus on developing medical facilities of communes, reduce hospital overcrowding, enhance quality of medical examination and treatment, preventive healthcare, involvement of private sectors, non-public medical facilities and Public-Private Collaboration on medical examination and healthcare; introduce measures for preventing and dealing with abuse an profiteering of health insurance budgets. Intensify food safety management. Strengthen protection of intellectual property rights, develop science and technology markets. Intensify application of science and technology advances and professional skills to boost the productivity in specific sectors. Accelerate transfer of labors to economic sectors having high added value and boost intra-industry productivity.

It’s planned in 2017 that GDP is expected to increase by 6.7%. The total export turnover is expected to increase by 6 – 7%. The ratio of trade deficit to total export turnover is projected to reach approximately 3.5%. The average consumer price is expected to increase by approximately 4%. The total social development investment is projected to account for 31.5% of GDP. The ratio of energy use to unit of GDP is expected to reduce by 1.5%. The percentage of poor households and poor districts according to multidimensional poverty guidelines is expected to reduce by 1 – 1.5% and by 4%, respectively. The urban unemployment rate is expected to go down under 4%. The percentage of trained workers is expected to hit 55 – 57%, including 22.5% certified workers who completed 03-month training courses or longer. The number of sickbeds per ten thousand people is expected to reach 25.5 and it is expected that 82.2 % of population buy medical insurance…..