Vietnam’s Economic and Social Priorities for 2012

Vietnam’s government has prioritized seven measures aimed at meeting its economic targets for 2012 — which are inflation in the single digits, 4.8% government spending deficit, 12% trade deficit, 33% of GDP for development investment, and economic growth above 6%.

To reach the targets, the government says it will, among other things:

  1.  Continue tight fiscal measures.
  2. Modernize the growth model to increase productivity and competitiveness; and restructure banking.
  3. Improve human, scientific and technological resources.
  4. Reduce poverty and improve health care.
  5. Strengthen environmental protection and the response to climate change and natural disasters.
  6. Speed up legal and administrative reforms.
  7. Strengthen national defense and diplomacy.

More on Vietnam’s 2012 priorities

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