The Government has called on all localities, agencies and economic sectors to take specific measures to obtain a GDP growth rate of 8.6 percent in the second half of 2006 so as to fulfill the yearly target of securing an 8-percent GDP growth rate
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The Government has called on all localities, agencies and economic sectors to take specific measures to obtain a GDP growth rate of 8.6 percent in the second half of 2006 so as to fulfill the yearly target of securing an 8-percent GDP growth rate.
According to reports delivered at the monthly Cabinet meeting in
In the reviewed period, the industrial production value grew by 17.5 percent, of which the non-State enterprise sector increased by 22.9 percent, the foreign invested enterprise sector by nine percent and the State-owned enterprise sector by 11.3 percent.
Meanwhile, agricultural production continued to reap success. Total food output of the winter-spring crop reached 19.42 million tonnes, including nearly 17.6 million tonnes of rice or 100,000 tonnes more than the same period last year.
The bird flu epidemic was completely contained across the country and the livestock breeding industry began to recover. Nearly 1.7 million tonnes of aquatic products were caught, a year-on-year increase of 8.1 percent.
Total foreign investment capital from newly-licensed projects and projects registered for additional capital was valued at US$2.85 billion, up 4.2 percent. Total foreign investment capital disbursed in the period was estimated at US$1.85 billion, up 17.7 percent.
Meanwhile, the consumer price index (CPI) rose by 4 percent or 1.2 percent lower than the figure of the corresponding period last year.
However, Cabinet members agreed that the country failed to achieve the average GDP growth rate set for 2006 (eight percent). Several industrial sectors still encountered difficulties due to high production costs and low competitive edge compared to similar sectors from regional countries. The livestock breeding industry did not fully recover from the bird flu epidemic. Fluctuations in market prices, particularly of petrol and major material inputs, affected business production and people’s living conditions. Difficulties were also seen in dealing with social issues, including job generation and traffic accidents.
To secure an 8-percent GDP growth rate set for 2006, the Government asked the agencies and sectors to boost production and exports, actively prepare for WTO accession, control the CPI, stabilise macro-balance, mobilise capital and increase the efficiency of investment, effectively solve pressing social issues and step up hunger and poverty reduction programmes.
In addition, these agencies and sectors were asked to accelerate public administrative reforms, implement thrift practice and wastefulness prevention measures, and intensify the fight against corruption.
The two-day meeting, which ended on July 1, was chaired by newly-elected Prime Minister Nguyen Tan Dzung, and attended by former PM Phan Van Khai and former Deputy PM Vu Khoan.
Source: VOV
