Good Socio-economic Development: Government’s Review

Prime Minister Nguyen Tan Dung (R) at the reviewing meeting

The Government’s regular meeting, chaired by Prime Minister Nguyen Tan Dung in Ha Noi yesterday, stated that Viet Nam has achieved good socio-economic development in November and in the past 11 months.

According to the Government’s reports, export turnover in November made this year's record at US$3.46 billion, bringing the total export revenue during the last 11 months to US$36 billion, a year-on-year rise of 23.7%. The figure is expected to reach around US$40 billion this year.

Also in November, newly-licensed foreign investment capital registered at US$843 million while the additional was over US$117 million. In sum, the foreign investment in this reviewed period had set a new record so far with US$8.2 billion, a year-on-year rise of 47.4%. However, Viet Nam hopes to beat the record with a US$9 billion in FDI by year end.

Good results were also seen in industry, training, and services.

In the tourism sector, Viet Nam has received 305,500 turns of international tourists in November, raising the total foreign arrivals in Viet Nam to 3.25 million in the first 11 months of this year.

Deputy Chief of Governmental General Inspectorate Nguyen Xuan Phuc said the remarkable increase in the number of foreign visitors to Viet Nam was attributed to the country's official WTO membership and its hosting of the 14th APEC Economic Leaders' Meeting in November with many cultural and artistic activities to promote Viet Nam and its people.

Addressing the meeting, Prime Minister Nguyen Tan Dung has urged the extermination of brown plant-hopper pests in order to curb the resulting ragged stunt rice disease currently plaguing southern rice fields.

He also underlined the dissemination of Viet Nam's international and regional commitments to businesses so that they can prepare for new opportunities as well as foreseen challenges and difficulties during the country's economic integration.

Regarding the educational issues, Minister of Education and Training Nguyen Thien Nhan revealed at a previous press conference hosted by the Governmental Office that Viet Nam will invest US$4.5 billion in the 2006 – 2020 period to improve the human resources and set up more universities and colleges, aiming at achieving the number of 600 schools nationwide by 2020.

By Q.H, N.Q – Translated by Trong Khuong

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