As per the instruction of the prime minister, in 2013, the State Bank of Vietnam (SBV) will carry out a flexible and cautious monetary policy to restore growth and tame inflation.
The PM has recently issued a Directive No 19/CT-TTg requesting ministries, departments, localities, economic groups and state-owned corporations to focus on building socio-economic development plan and state budget estimate in 2013 and investment plan from the state budget in three years (2013-2015).
Vietnam strives to reach GDP (gross domestic product) growth at about 6-6.5 percent in 2013.
The overall goal of 2013 is to improve the quality of growth in association with economic restructuring, continue macroeconomic stability, ensure the sustainable economic development, social security and social welfare and improve people’s lives, expand external relations and active integration, improve the position of Vietnam in the international arena, at the same time, maintain the independence, sovereignty, unity and territorial integrity and ensure political security and order and social safety.
The economic development mission in 2013 will focus on the implementation of policy measures, especially the monetary and credit policy, tax policies, land and administrative reforms, reducing problems for businesses and investors to overcome difficulties in production and business activities, promoting growth and striving to reach GDP growth rate of about 6 to 6.5%.
The socio-economic development tasks in 2013 is also to step up the restructuring of the economy, immediately focusing on three important areas namely investment restructuring, financial market restructuring and business restructuring to create powerful changes, improve quality, efficiency and competitiveness of the economy and enhance the mobilisation and effective use of investment capital sources.
Besides, the PM also asked to continue to promote the restructuring of state-owned enterprises (SOEs), improve competitiveness and efficiency of economic groups and state-owned corporations. There are strong, clear and transparent sanctions to manage and supervise effectively the use of capital and assets in these economic groups, state-owned corporations and ensure for the good performance of these SOEs in the economy.