Government Looks to 8.3% GDP Growth for Year

The Vietnamese Government has targeted this year’s GDP growth between 8.13% and 8.3%, the Government Office announced Tuesday.

The Government discussed many issues in a regular meeting on Monday, among which the cabinet members passed a report on a bill on personal income tax to be presented to the National Assembly’s coming session.

Representatives of the ministries of Trade, and Planning and Investment gave reports on the socio-economic situation in September and in the past nine months. Notably, the reports said the Government and ministries were supposed to issue more than 100 sets of guideline for current laws and ordinances, but nothing has been done so far.

Another issue is slow disbursement of the Government investment capital and Government bonds. Over the past nine months, VND17.3 trillion in the Government investment capital was disbursed, accounting for only 48% of the year target; and just VND2.99 trillion from Government bonds was used, merely 39.6% of the year target.

Asked by the Sai Gon Giai Phong newspaper about the ineffective use of money collected from Government bonds, Finance Minister Vu Van Ninh said issuing Government bonds since 2003 has collected VND25 trillion, more than VND23 trillion of which has been used. Therefore, the Government has urged ministries and State agencies to speed up disbursement of the capital.

He added that his ministry had provided money in advance for the social insurance agency to pay new salaries to government workers as from October as decided by the Government.

Meanwhile, the Ministry of Public Security was urged to report to the Prime Minister four major scandalous economic cases: corruption at the road and bridge building agency PMU 18; property appropriation by Nguyen Duc Chi in the Rusalka Resort project in the central province of Khanh Hoa; property fraud by Nguyen Lam Thai with involvement of many local post offices; and abuse of power and bribery related to government inspectors in certain projects of PetroVietnam.

By Nam Quoc – Translated by Tuong Thuy

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