Wednesday, December 12 2018

VietNamNews

GDP growth at 6.8 per cent in 2019: Government

Update: May, 26/2018 - 09:00
The Government will strive for gross domestic product (GDP) growth of 6.8 per cent in 2019, according to a direction signed by Prime Minister Nguyễn Xuân Phúc this week.— VNA/VNS Photo

HÀ NỘI — The Government will strive for gross domestic product (GDP) growth of 6.8 per cent in 2019, according to a direction signed by Prime Minister Nguyễn Xuân Phúc this week.

Based on the gross regional domestic product (GRDP) in the first six months of this year, localities are required to estimate the figure for the whole year and forecast development prospects to identify a rational GRDP for 2019.

To reach the goal, the Government will boost administrative reforms and build a modern and professional administrative system to serve national development.

Meanwhile salary reform will be accelerated in line with the resolution adopted at the 7th plenary session of the 12th Communist Party of Việt Nam Central Committee. The reform must ensure that payrolls encourage investment in human resources and greater labour productivity.

Regarding the settlement of complaints and denunciations, and corruption prevention, inspections should be enhanced in high-risk fields like land management, public assets and construction using State funds.

Examinations, prosecutions and trials will be carried out for cases of serious economic fraud and punishment will be given to anyone who causes critical losses for the nation.

The country will further efforts to consolidate security-defence and protect national independence, sovereignty and benefits. In addition, it will remain vigilant to defeat sabotage plots from hostile forces and prevent the establishment of opposing political organisations in the country.

According to the direction, the amount of fees and taxes collected for the State budget in 2019 must reach 21 per cent of the country’s GDP.

Spending plan

As always, the direction calls for the practice against wastefulness and for transparency in personnel works. It said that spending should be managed based on priority and importance of the matters as well as their feasibility.

Regarding regular spending, the direction ask relevant units to build constant expense plans based on specific areas to make sure the budget meets important political tasks and the allocation is properly conducted for beneficiaries of State’s supporting policies.

National and local agencies must also work on the planning for salary reform resources. This includes cutting 10 per cent from regular spending and 50 per cent from the increased amount of local budget collection, among other sources. —VNS

 

 

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