Vietnam parliament approves economic-social program for 2020

Hanoi, Nov 11 (Prensa Latina) The Vietnam National Assembly today approved the economic and social development program for next year, with forecast GDP growth of 6.8%.
Supported by 88.2 percent of deputies, the corresponding resolution established several specific objectives, including to match or surpass 2019 economic growth, to place it at one of the highest levels in the region and the world.

Other specific goals for 2020 are to increase exports by 7%, keep inflation under 4% and invest around one third of GDP in social development.

In addition, the intention to reduce the number of poor households by 1-1.5%, bring the unemployment rate in urban areas below 4%, and ensure that 90% of the population is protected by health insurance.

Among the general objectives are those to continue the reform process to improve the market economy with a socialist orientation (development model followed by this country), maintain macroeconomic stability, and increase productivity in search of greater competitiveness.

In addition, to improve the institutional system, create a healthy and equitable business investment environment, accelerate the execution of key projects, train high-quality human resources and promote the use of new technologies and innovation.

Other government aims for the coming year are to improve administrative and judicial reform, prevent corruption and waste, achieve better land management, and take measures against climate change and diseases that affect humans and animals.

In the international arena, Vietnam will maintain its policy of peace, non-interference in the internal affairs of other States, and regional and global integration, including the best use of free trade agreements of which the country is a signatory.

The parliamentary resolution expressed the will to fulfill with responsibility and efficiency the three great missions that Vietnamese diplomacy will assume in 2020.

These are the presidencies of the Association of Southeast Asian Nations (ASEAN) and the Interparliamentary Assembly of that community, as well as the position of non-permanent member of the UN Security Council.

In its 8th Session -beginning October 21 and running until November 27- the National Assembly will approve 13 laws and discuss nine draft regulations and three resolutions on significant aspects of national life.