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Party Central Committee convenes 10th meeting

Released at: 11:23, 06/01/2015

Party Central Committee convenes 10th meeting

Topping the meeting's agenda will be discussions on draft documents to be submitted to the 12th National Party Congress held early next year.

by Thong Dat

The Communist Party of Vietnam Central Committee (CPVCC), 11th tenure, on January 5th convened its 10th meeting in Hanoi to discuss draft documents for submission to the 12th Party Congress, scheduled for early next year.

Addressing the opening ceremony, Party General Secretary Nguyen Phu Trong stressed the session’s importance in leading and monitoring the realization of tasks set for 2015 and for the whole tenure, as well as organizing successful Party Congresses at all levels in the run-up to the 12th National Party Congress.

The Party Chief asked participants to focus on discussing and adopting draft documents to be submitted to the 12th National Party Congress. These documents will then be sent to Party Congresses at all levels for further comment. He also asked delegates to uphold their responsibilities when discussing and commenting on the draft documents and when deciding on other important issues during the session.

At the opening session participants also heard a report from Prime Minister Nguyen Tan Dung on the results of the implementation of socio-economic development tasks for the 2011-2015 period and orientations for the upcoming 2016-2020 period.

Regarding economic development, Vietnam’s growth rate has averaged 5.58 per cent per year in the last four years, standing at 5.89, 5.03, 5.42 and 5.98 per cent, respectively, from 2011 to 2014. Although growth remains moderate and below potential, Vietnam nevertheless managed to stabilize its macroeconomic conditions. Headline inflation fell from a peak of 18.13 per cent in 2011 to 4.09 per cent in 2014.

In 2015 the country will continue to step up the implementation of strategic breakthroughs, restructure the economy in association with growth model transformation and improvement of productivity, efficiency and competitiveness, and strive for higher and more stable economic growth compared to 2014. It will continue to improve social and cultural development, environmental protection, and improvements to people’s lives while also fostering administrative reform and anti-corruption and anti-waste efforts.

Looking further ahead, the overall objectives of the socio-economic plan for 2016-2020 include macro-economic stabilization, inflation control in combination with the acceleration of growth and sustainable development, enhanced environmental protection, and active climate change adaptation, among others.

The economy is expected to grow by an average of 6.5-7 per cent per year and the poverty rate is projected to fall by 1.5 per cent annually. The government will also step up the realization of three strategic breakthroughs: improvements in socialist-oriented market economy institutions, focusing on creating an equal business environment and administrative reform; human resource development, especially high quality human resources, and comprehensive renovation of the education system; and infrastructure development, with priority given to traffic systems and urban infrastructure.

The 2016-2020 plan also targets to boost the development of private, foreign-invested, and small and medium-sized enterprises, and enhance national financial power and security.

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