Headlines 16/04/2020 09:57 SA

Five-year socio-economic development plan to be drawn up

Quý Nguyễn

The Prime Minister introduces the Directive No. 18/CT-TTg regarding formulation of the five-year socio-economic development plan for the period of 2021-2025.

According to this Directive, the plan must focus on several main sections as follows:

- Plan development background, including judgments, analysis of domestic, regional and international opportunities, advantages, challenges and risks affecting formulation and fulfillment of socio-economic development objectives.

- General objectives of the five-year socio-economic development plan for the 2021-2025 period; specific targets to be attained by ministries, central and local regulatory authorities by 2025.

- Main goals and several major balances, including striving to increase the nationwide Gross Domestic Product (GDP) by approximately 7% on average for the five-year period from 2021 to 2025.

- Main guidelines and tasks:

+ Continue to improve the socialist-oriented market economy, promote the rapid and sustainable growth on the basis of sustaining the macroeconomic stability and controlling inflation.

+ Promote the restructuring of the economy associated with reform of the growth model, improve productivity, quality, efficiency and competitiveness, and strengthen the economic resilience, and so on.

For more details, please read the Directive No. 18/CT-TTg dated April 13, 2020.

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE

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