Ha Noi People's Council sets goals

Traffic congestion on Ha Noi's Truong Chinh Street. Transport is one of the major issues the city needs to tackle next year, officials said. — VNA/VNS Photo Bui Tuong

HA NOi — Urban construction and management, transport, water supply, drainage and pollution would have to be tackled in the new year, Ha Noi Party Committee Secretary Pham Quang Nghi told the opening of the municipal People's Council's 22nd session yesterday.

It would also be necessary to effectively implement the Government's measures to deal with economic decline, curb inflation and stabilise the macro economy, he said.

In addition, the traditional cultural values of Thang Long-Ha Noi would have to be maintained and promoted and the spiritual life of the city's citizens improved.

Secretary Nghi asked that more effective concrete and drastic steps be taken to quicken administrative reform.

The reform of administrative procedures and increasing transparency to create favourable conditions for both commerce and citizens should be the focus, he said.

The councillors discussed the implementation of their resolutions dealing with the city's socio-economy, national defence and security, budget estimates and the results of people's complaints and denouncements.

They also reviewed the organisation and celebrations of the 1,000th anniversary of Thang Long-Ha Noi.

The People's Committee 2010 report shows the city's economy has recovered to GDP growth of 11 per cent and a 20-per-cent rise in export revenue.

Budget revenue was almost VND100 trillion (US$5.1 billion).

The report says social security and welfare were ensured and economic growth averaged 10.7 per cent between 2006-10.

But the report warns of unsustainable economic development; the potential increase in the price of commodities; the high-risk of inflation and traffic congestion and accidents that show no sign of lessening.

Pollution and the violation of food safety and hygiene regulations were rife and administrative reform had failed to meet the target set for it, says the report. — VNS

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Danang development plan focuses on tech, tourism

A cyclist rides past a billboard advertising a luxury residential development, opposite the venue where Association of Southeast Asian Nations (ASEAN) economic ministers were meeting in Da Nang.

Photo: AFP

The government has approved Danang’s socio-economic master plan for the period through 2020 which seeks to develop the city into one of the country’s biggest metros and a service, port, and transport hub for the central region.

It envisages maintaining annual economic growth at 12-13 percent and export growth at 19-20 percent.

Tourism will be one of the main sources of income for the city at VND2.42 trillion (US$ 123 million) in 2015 and VND3.89 trillion($198 million) in 2020.

Industry will be developed selectively with an emphasis on technology.

Infrastructure will be improved by renovating Lien Chieu and Tho Quang ports, expanding and upgrading Tien Sa port and Danang International airport, and building highways to Quang Ngai Province.

Danang hopes to spearhead economic growth in its neighborhood and achieve per capita annual income of $5000.

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Government focuses on prices, power shortage

PM Nguyen Tan Dung

Photo: VNA

The government will focus on implementing measures to control prices and deal with power shortage in the remaining months of this year, according to Prime Minister Nguyen Tan Dung.

The PM made the statement at the cabinet’s September meeting on Thursday, which discussed the nation’s socio-economic performance in the past nine months and socio-economic tasks in the fourth quarter.

Dung said he will soon issue Instructions on solutions to control prices and stabilize the market from now to the year-end and early 2011.

Putting the emphasis on the close connection between prices and monetary and credit policies, the PM underscored the need to continue keeping stable the prime interest rate.

He asked relevant ministries and agencies to be proactive and flexible in executing monetary policies in service of economic growth, not letting any price fever of essential goods, especially medicine and milk, occur.

To tackle power shortage, Dung asked the electricity sector, especially the Electricity of Vietnam to take drastic measures to ensure sufficient power in both short and long terms.

He requested the sector to quickly speed up construction and commissioning of power plants along with buying power from neighboring countries and regulating power resources appropriately.

At this meeting, the cabinet members discussed reports on the country’s socio-economic performance over September and the past nine months presented by ministries of planning and investment, finance, and industry and trade, and forecast the future national and global economic situation.

They agreed that the country’s national economy moved positively over the past nine months with GDP reaching 6.52 percent.

Exports in nine months were estimated to rake in US$51.5 billion, rising 23.2 percent over the same period in 2009 and nearly quadrupling the yearly goal of over 6 percent set by the National Assembly.

Trade deficit continued to be narrowed to stand at $8.58 billion, which accounted for 16.7 percent of export value, or the lowest level in the past years.

The cabinet members were concerned about an increase of 1.31 percent in consumer price index (CPI) in September, which made CPI grow 6.46 percent compared to December, 2009 and 8.64 percent year on year.

Also at this meeting, the cabinet members listened and gave opinions to reports on Vinashin’s business and production performance, land use plans for the 2011-2015 period and to 2020, and a summary of government members’ opinions on a draft decree to replace the existing decree on sanctions against administrative violations in the maritime sector.

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Government focuses on prices, power shortage

PM Nguyen Tan Dung

Photo: VNA

The government will focus on implementing measures to control prices and deal with power shortage in the remaining months of this year, according to Prime Minister Nguyen Tan Dung.

The PM made the statement at the cabinet’s September meeting on Thursday, which discussed the nation’s socio-economic performance in the past nine months and socio-economic tasks in the fourth quarter.

Dung said he will soon issue Instructions on solutions to control prices and stabilize the market from now to the year-end and early 2011.

Putting the emphasis on the close connection between prices and monetary and credit policies, the PM underscored the need to continue keeping stable the prime interest rate.

He asked relevant ministries and agencies to be proactive and flexible in executing monetary policies in service of economic growth, not letting any price fever of essential goods, especially medicine and milk, occur.

To tackle power shortage, Dung asked the electricity sector, especially the Electricity of Vietnam to take drastic measures to ensure sufficient power in both short and long terms.

He requested the sector to quickly speed up construction and commissioning of power plants along with buying power from neighboring countries and regulating power resources appropriately.

At this meeting, the cabinet members discussed reports on the country’s socio-economic performance over September and the past nine months presented by ministries of planning and investment, finance, and industry and trade, and forecast the future national and global economic situation.

They agreed that the country’s national economy moved positively over the past nine months with GDP reaching 6.52 percent.

Exports in nine months were estimated to rake in US$51.5 billion, rising 23.2 percent over the same period in 2009 and nearly quadrupling the yearly goal of over 6 percent set by the National Assembly.

Trade deficit continued to be narrowed to stand at $8.58 billion, which accounted for 16.7 percent of export value, or the lowest level in the past years.

The cabinet members were concerned about an increase of 1.31 percent in consumer price index (CPI) in September, which made CPI grow 6.46 percent compared to December, 2009 and 8.64 percent year on year.

Also at this meeting, the cabinet members listened and gave opinions to reports on Vinashin’s business and production performance, land use plans for the 2011-2015 period and to 2020, and a summary of government members’ opinions on a draft decree to replace the existing decree on sanctions against administrative violations in the maritime sector.

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• Target to hold prices and curb power cuts
• IFC: Vietnam needs to increase PPP to support economy
• Banks scramble for mid-level managers
• Good response to reforms of People's Councils