Vietnam’s economy
made a robust recovery and grew at 6.78 percent in 2010 despite difficulties and
challenges after the global economic crisis.

The comment was made by cabinet
members at their monthly meeting chaired by Prime Minister Nguyen Tan Dung in
Hanoi on December 29.

Photo: VOV

The single-day meeting focused on reviewing the country’s socio-economic
performance in 2010 and outlining ways to deploy plans for 2011 along with other
issues.

All sectors and branches posted a
higher growth rate than 2009, with agriculture, forestry and fisheries expanding
2.78 percent, industry and construction, 7.7 percent, and the service sector,
7.52 percent.
In the year, the production value of agriculture and forestry increased 4.7
percent and that of the industrial sector rose 14 percent while retail sales and
consumption services surged 24.5 percent.
Export earnings hit US$71.6 billion, representing a 25.5 percent increase,
foreign investment reached US$11 billion and social investment was up by 17.1
percent.
The country received as many as 5 million foreign visitors in the year.
However, the cabinet members were still concerned about an 11.75 percent rise in
consumer price index.
They recommended that the government’s direction and management be strengthened
to ensure macroeconomic stability, promote production and business, and
safeguard social welfare.

They agreed that the government
needs to highly concentrate on carrying out all adopted solutions to put
inflation under control, stabilise macro-economy and secure market stability.
The cabinet members also suggested that more investment be pumped into
agriculture and rural areas, focusing on vocational training, job generation and
healthcare.
To conclude the meeting, Prime Minister Nguyen Tan Dung asked ministries and
agencies to drastically implement all outlined solutions, focusing on
stabilising macro-economy and reining in inflation, targeting a growth rate of
over 7 percent in 2011.
The PM asked the State Bank of Vietnam to learn from its mistakes in executing
the monetary policy in order to better control the payment instruments and
credits as well as manage the developments in foreign exchange and gold markets.
He asked ministries and sectors to enhance inspection and surveillance over
development investment and hasten construction tempo of major works to put them
into operation on schedule.
To continue undertaking administrative reforms effectively and fighting
corruption, PM Dung stressed the importance of information and communication
work.
He called on the government officials to proactively publicise information and
have dialogues on the mass media to help the people grasp thoroughly the State’s
policies and plans, thus creating consensus in the country for the promotion of
national socio-economic development.

VNN/VOV/VNA