Economic growth projected to reach about 7 percent in 2021
Prime Minister Nguyen Xuan Phuc has issued a directive on the building of plans for socio-economic development and State budget estimate for 2021, with a target of about 7 percent of economic growth for the year.
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc hasissued a directive on the building of plans for socio-economic development andState budget estimate for 2021, with a target of about 7 percent of economicgrowth for the year.
Under Directive 31/CT-TTg, the PM asked ministries,ministry-level agencies, Government-run agencies, economic groups, andcentrally-run cities and provinces to design their own plans on the foundationof the implementation of socio-economic plans in 2020 as well as forecast ondomestic, regional and global situation in the next period.
Targets in the plans must be aligned to the socio-economicdevelopment strategy for the 2021-2030 period as well as the five-year plan for2021-2025.
The directive also outlines some targets besides the7-percent growth of the national economy in 2021, including an increase ofabout 9-11 percent in budget revenue from domestic production and businessactivities compared to the estimated collection in 2020. The targeted increasesfor each locality will depend on its specific conditions, characteristics anddevelopment speed.
Meanwhile, revenues from import-export activities in 2021 areprojected to rise about 4-6 percent over the results in 2020.
The directive also clarifies major orientations and tasksfor next year, including continuing to complete the socialist-oriented marketeconomy institutions, promoting fast and sustainable growth, speeding upeconomic restructuring, broadening import- export markets, and enhancing thequality and efficiency of human resources./.
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Processing fresh lychee for export (Photo: VNA) 
