Reducing the average poverty rate by 1.5%/year

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This is one of the economic – social objectives directed by the Prime Minister at the Directive No. 22/CT-TTg on the elaboration of the 05 year socio-economic development plan from 2016 to 2020.

At the Directive, the Prime Minister emphasizes the social economic development plan in 5 years from 2016 to 2020 of the country must be done with closely follow-up of Resolutions of Party, National Assembly and Government on 10-year social economic development strategy from 2011-2020 of the country, suitable with each sector and locality; maintaining macroeconomic stability, inflation control, coupled with acceleration of growth, economic sustainable development assurance in order to strive to become an industrialized country towards modernization.

Raising the standards of living, cultural and spiritual life of people; striving for the average economic growth rate (GDP) for 5 years from 2016 to 2020 by 6.5 – 7%/year. Reducing the average poverty rate by 1.5% / year.

The Ministry of Planning and Investment , the Ministry of Finance and other relevant units shall rapidly increase the potential and ensuring the national financial security; healthier financial system; stable macroeconomic balances; mobilization, attraction and effective use of resources for economic development; continue the innovation and improvement of business and investment environment, creating favorable conditions for the development of enterprises of all economic sectors, especially the sector of private enterprise, foreign invested capital enterprises, economic cooperation, small and medium-sized enterprises; fair competition assurance; implement employment and labor policies associated with the development of the labor market; proactively preventing diseases and improving health care quality; gender equality; raising women’s position; focusing on care, education and protection of children’s rights and youth development.