Party chief signs resolution on renewing growth model
Party General Secretary Nguyen Phu Trong on November 1 signed into issuance a resolution on several major policies and guidelines to continue renewing growth model.
Hanoi (VNA)𒉰 – Party General Secretary Nguyen Phu Trong on November 1 signed into issuance a resolution on several major policies and guidelines to continue renewing growth model; improving growth quality, labour productivity and economic competitiveness.
The resolution No. 05-NQ/TW, adopted at the fourth plenum of the 12th Party Central Committee, affirms that renewed growth model is meant to forge comprehensive economic, social and environmental transformation for rapid and sustainable development.
It adds that growth will not be promoted by all means as the act will potentially hurt macro-economic stability, national defence-security, social progress and fairness, and the environment.
It also targets making the best use of internal power in tandem with attracting and effectively using external power.
Annual inflation is set to be curbed below 5 percent while public debts for 2016-2020 will not exceed 65 percent of the gross domestic product (GDP), government and foreign debts are to be maintained below 55 percent and 50 percent of GDP, respectively.
Between 2016 and 2020, nearly 30-35 percent of businesses will engage in innovation and creativity activities.
By 2020, the rate of agricultural workers will fall to below 40 percent, narrowing national competitiveness bridge with ASEAN-4 comprising Singapore, Malaysia, Thailand and the Philippines.
The fourth meeting took place in Hanoi from October 9-14, with a focus on Party building and rectification, preventing and taming ideological, ethical and lifestyle degradation as well as manifestation of “self-evolution” and “self-transformation” inside the Party.
The meeting also examined the country’s socio-economic situation in 2016 and socio-economic development plan in 2017.
The Party Central Committee mulled over a number of major policies and guidelines aiming to continue renewing the growth model, improving the quality of growth, productivity and competitiveness of the economy, while effectively implementing the international economic integration, maintaining political-social stability in the context of Vietnam joining new-generation free trade agreements.-VNA
Members of the 12th Party Central Committee discussed socio-economic performance in 2016 and socio-economic development plan for 2017 at the committee’s fourth meeting in Hanoi on October 11.
The 12th Party Central Committee debated the project on major guidelines and policies to renew the growth model and improve growth quality, productivity and the competitiveness of the economy.
Party General Secretary Nguyen Phu Trong described strengthening the Party and fighting corruption, wastefulness and other bad deeds as a key and long-term task during his meeting with voters of Hanoi
Party General Secretary Nguyen Phu Trong on October 30 signed into issuance the Resolution on Party building adopted at the fourth plenum of the 12th Party Central Committee.
Cheng stressed that this is third time PM Chinh has attended the meeting and he is among the few senior government officials participating in this year's event, which is considered as a rare and commendable gesture.
The fact that the Vietnamese PM has been invited to attend and speak at this important event for three consecutive years reflects the WEF as well as the international business community's recognition and high regard for Vietnam's position, role, and contributions to global and regional economic growth.
This new era marks a crucial phase in which the country must strive with determination to fulfil its strategic objectives, achieving breakthrough development at new levels of sophistication, quality, and global standing, laying the foundation for further growth. Era after era forms a continuous history of development, ascending steadily from one level to the next.
The resolution on such mechanisms aims to serve as a legal basis for opportunely dealing with difficulties and hindrances caused by legal regulations in important, priority, and urgent areas that require immediate settlement so as to unlock resources, facilitate economic development, and turn legislation into a competitive edge.
PM Pham Minh Chinh instructed chairpersons of the People’s Committees of provinces and centrally-run cities to strictly follow the Ministry of Finance's guidelines on handling public finances and budgets, with a focus on preventing wastefulness, misconduct, or corruption.
Knapper reaffirmed the US's commitment to supporting a strong, independent, prosperous and resilient Vietnam, while respecting each other’s territorial integrity, sovereignty, independence and political systems.
Vietnam is deeply concerned about the escalating and complex conflict in the Middle East, which poses a serious threat to the lives and safety of civilians, as well as to regional and global peace and stability.
The Vietnamese Embassy advises the Vietnamese community living, studying, and working in Israel to strictly comply with directions from the Home Front Command and local authorities.
Lawmakers are set to vote on revisions and amendments to a broad spectrum of legal frameworks and impactful resolutions during the final week of the 15th NA's 9th session.
The State Committee for Overseas Vietnamese Affairs (SCOVA) has served as a bridge connecting and uniting the community with the homeland, becoming a trusted source of support for Vietnamese expats in times of hardship.
The programme to eliminate temporary and dilapidated houses has achieved notable results, with nearly 263,000 housing units addressed to date, including 225,000 houses inaugurated and 38,000 under construction. Thirty-eight provinces and cities across the nation have already fulfilled their targets.
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
At the meeting (Source: VNA)
