PM assigns GDP growth target of 6.7 percent in 2017

The Prime Minister has recently made a decision on socioeconomic targets next year, assigning to the Ministry of Planning and Investment 6.7 percent gross domestic product (GDP) growth rate and consumer price index of about 4 percent.

A medium sized plastic pipe company in Binh Thanh district, HCMC (Illustrative photo: SGGP)

According to the decision, the ministry has been tasked to reach the total social development capital of 31.5 percent GDP and 87 percent industrial parks and export processing zones having wastewater treatment system meeting environmental standards.

In addition, he entrusted the Ministry of Industry and Trade with 6-7 percent export import turnover, trade deficit of 3.5 percent of the turnover and GDP per unit of energy use reduction of 1.5 percent over 2016.

The Ministry of Agriculture and Rural Development has been assigned to increase forest coverage ratio to 41.45 percent, the Ministry of Health to raise the number of hospital beds to 25.5 beds per 10,000 citizens and the rate of health insurance attendees to 82.2 percent population.

By T. Trinh – Translated by Hai Mien

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