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Draft resolution for achieving 2019 socio-economic goals announced

Deputy Prime Minister Vuong Dinh Hue announced a draft resolution of the Government on key tasks and solutions to achieve socio-economic development goals and State budget estimate for 2019 during a conference on December 28.

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draft resolution for achieving 2019 socio-economic goals announced hinh 0

The governmental Resolution No.1 was crafted based on 12 major goals the National Assembly assigned the Government to fulfill the next year, Hue said at the video conference between the Government and local administrations in Hanoi.

The resolution sets to raise the Gross Domestic Product (GDP) by 6.8% and keep the Consumer Price Index (CPI) below 4% in 2019. The Government also expects to have the total social investment account for 34% of the GDP and post 8 – 10% increase in export revenue.

The Deputy PM noted that the draft resolution outlines eight groups of key tasks and solutions, comprising 188 specific tasks. Prominent among these are boosting credit growth in tandem with credit restructuring and improving the credit quality, prioritizing loans for key manufacturing sectors, and preventing loan sharks.

The use of e-invoice will be scaled up, particularly in big cities like Hanoi and Ho Chi Minh City. The Government is also determined to end power shortage next year.

Furthermore, the resolution highlights the importance of private investment in infrastructure development and fast-tracking progress of major infrastructure projects in transport, electricity and energy. It emphasizes the significant role of cities as an engine of growth for the entire nation, and seeks the expansion of urban development models such as smart city or green city. 

The resolution aims to further develop infrastructure for telecommunication, broadband Internet access and 5G mobile network. It promotes cashless payment and encourages new payment methods, growth of fintech firms, transfer of advanced technology and technological R&D.

Besides, it prioritizes enhancing social welfare with the focus on poverty reduction policies as the Government will allocate greater resources to support people living in remote and disadvantaged areas or ethnic minority communities, and to develop housing for low-income families. 

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