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:
- Continue tight fiscal measures.
- Modernize the growth model to increase productivity and competitiveness; and restructure banking.
- Improve human, scientific and technological resources.
- Reduce poverty and improve health care.
- Strengthen environmental protection and the response to climate change and natural disasters.
- Speed up legal and administrative reforms.
- Strengthen national defense and diplomacy.
More on Vietnam’s 2012 priorities