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Per capita GDP to increase, says prime minister

06/08/2010 - 132 Lượt xem

Economic targets topped the agenda of 12th National Assembly meeting’s second session, which kicked off yesterday in Hanoi.

Efforts to raise the per capita GDP, which is now less than US$875, have prompted the premier set ambitious economic goals for next year.

Dung said he expected that the country’s overall GDP would grow 8.5-9 percent over 2006 by the end of the year.

The Prime Minister is expected to report on the year’s socio-economic outcomes and plans for 2008 through-out the second-session’s month-long meetings.

“We will continue to improve the legal framework for our market economy in order to manage all kind of markets, including real estate, currency and capital,” said the Prime Minister in his report.

He stressed that the administrative process would have to be improved.

“We have to focus on cutting red tape and granting responsibility to lower-level agencies,” he said.

Addressing corruption, he mentioned that “the heads of governmental bodies must declare their personal income in order to prevent corruption.”

Dung also confirmed that the common minimum wage would increase from VND450,000 to VND540,000 beginning January 1, 2008.

At a press conference on the sidelines of the meeting, Huynh Thi Nhan, Deputy Minister of the Ministry of Labor, War Invalids and Social Affairs, announced that the minimum salary of employees working at foreign companies would rise from VND710,000 to VND1 million.

Source: Thanh Nien.