Deputy Prime Minister Vuong Dinh Hue was quoted by the Vietnam News Agency as announcing a draft resolution from the government on key tasks and solutions to achieve socio-economic development goals and State budget estimates for 2019 during a conference on December 28.
Resolution No. 1 was crafted based on 12 major goals the National Assembly assigned the government to fulfill next year, Mr. Hue said at the video conference between the government and local administrations in Hanoi.
The resolution sets to raise GDP by 6.8 per cent in 2019 and keep the CPI at below 4 per cent. The government also expects to have total social investment account for 34 per cent of GDP and post an 8-10 per cent increase in export revenue.
The Deputy Prime Minister noted that the draft resolution outlines eight groups of key tasks and solutions comprising 188 specific tasks. Prominent among these are boosting credit growth in tandem with credit restructuring and improving credit quality, prioritizing loans for key manufacturing sectors, and preventing loan sharks.
The use of e-invoices will be scaled up, particularly in major cities like Hanoi and Ho Chi Minh City. The government is also determined to end power shortages next year.
Furthermore, the resolution highlights the importance of private investment in infrastructure development and fast-tracking progress at major infrastructure projects in transport and energy. It emphasizes the significant role cities play as engines of growth for the entire nation, and seeks the expansion of urban development models such as smart city and green city.
The resolution aims to further develop infrastructure for telecommunications, broadband internet access, and 5G mobile networks. It promotes cashless payments and encourages new payment methods, the growth of fintech firms, and the transfer of advanced technology and technological R&D.
It also prioritizes enhancing social welfare, with a focus on poverty reduction policies, as the government will allocate greater resources to support people living in remote and disadvantaged areas or ethnic minority communities and develop housing for low-income earners.
