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GDP grows 8.1-8.2% in 2006: MPI (04/212)
06/08/2010 - 230 Lượt xem
The figures were released by the Minister of Planning and Investment’s Vo Hong Phuc at the summation conference held in Hanoi on December 1, 2006.
The year 2006 has been witnessing big achievements: the total society’s capital reaches VND390.5tril ($24.40bil), equivalent to 40% of GDP, the total exports fetch $40bil, representing a growth rate of 22%, and total registered foreign direct investment sets a new record of $9bil.
In 2006, Vietnam wraps up the 11-year-long negotiation and becomes a member of the World Trade Organisation (WTO). Vietnam continues fulfilling multilateral commitments with ASEAN, the commitments under the framework of the Vietnam – US Bilateral Agreement, and other bilateral and multilateral agreements, bringing Vietnam’s economy more deeply integrated into the world’s economy.
The successful organization of the APEC Summit 2006 in Vietnam has helped polish the image of Vietnam, attract more investment capital and bring more business opportunities.
8.5% GDP growth rate is targeted for 2007
Vietnam must see the national economy grow by 8.3-8.5% in 2007, the GDP reach $70bil and average income per capital gain $820, as required by the National Assembly.
Nevertheless, according to Mr Phuc, the Government is striving for a higher level of GDP growth rate, at 8.5%, which may become the new goal for 2007.
Mr Phuc believes that the figure is within reach. The export growth is very good in 2006, at 22%, and it can be maintained in 2007. The WTO membership means a larger market for Vietnamese exporters and bigger opportunities for enterprises to boost sales abroad. Besides, Mr Phuc also said that the total investment capital will likely to be kept at 40% of GDP as in 2006.
Administrative reform is a top priority
Mr Dung said that Vietnam has made big leaps in administrative procedure reform, however, it is not enough to mobilize all resources for development.
Vietnam has become an attractive destination for foreign investors, however, the investors still complain about complicated procedures. Mr Dung has recalled that Vietnam has fallen by six grades in a recently released report on global competitiveness, and Vietnam should look at the situation realistically to find out the solution to the problem.
The second important task that Mr Dung has mentioned is the need to remove ‘pending’ programmes (the programmes drawn up by local authorities that prove to be unfeasible and impractical).
Source: VietnamNet
