Parliament eyes average growth of 6.5 - 7 percent for five years
The National Assembly (NA) on July 27 approved a resolution on the socio-economic development plan for 2021 - 2025, targeting an average annual growth rate of 6.5 - 7 percent during the period.
A plenary sitting of the first session of the 15th National Assembly (Photo: VNA)
Hanoi (VNA) – The NationalAssembly (NA) on July 27 approved a resolution on the socio-economicdevelopment plan for 2021 - 2025, targeting an average annual growth rate of6.5 - 7 percent during the period.
According to the resolution, theoverall goal is ensuring fast and sustainable economic growth on the basis ofenhanced macro-economic stability while achieving an economic growth rate higherthan the average of the 2016 - 2020 period so that Vietnam will become adeveloping country with modernity-oriented industry and escape from thelower-middle income status.
Apart from the growth target of 6.5 -7 percent, the resolution also aims at per capita GDP of 4,700 - 5,000 USD onaverage, the processing - manufacturing industry making up over 25 percent ofGDP, and the digital economy about 20 percent of GDP in the next five years.
To that end, it detailed 11 groups ofkey tasks and solutions, including working to obtain the “twin targets” ofcurbing COVID-19 and recovering and developing the economy and society;pressing on with building and completing development institutions, firstly theones of the socialist-oriented market economy; stepping up economicrestructuring in tandem with growth model reform, improving the economy’s productivity,quality, efficiency, and competitiveness; and developing the digital economyand digital society./.
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A plenary sitting of the first session of the 15th National Assembly (Photo: VNA) 
