Ha Noi (VNA) - The Government will focus its efforts in the next five years on building necessary institutions and policies to facilitate the effective implementation of Viet Nam's commitments as a member of the World Trade Organisation (WTO).
In a report on Viet Nam's five-year (2006-2010) socio-economic development plan presented at this year's Consultative Group (CG) Meeting for Viet Nam, the Government said it plans to adopt policies aimed at a quick and synchronous establishment of market economic sectors, development of human resources and infrastructure, reforms in agriculture and rural development policies, expansion and enhancement of services and boosting of administrative procedures reform.
Regarding the market economic factors, the Government will work hard to abolish all subsidy types, including price subsidies, and apply market prices for all goods and services. Regulatory regimes and management organisation for competition, anti-dumping and anti-subsidies will be improved to create a sound competitive environment. Technical, hygiene and food safety standards will be established in conformity with the agreement on technical barriers to trade (TBT) and the agreement on the application of sanitary and phytosanitary measures (SPS) in order to protect consumers and the domestic market.
The government will combine fiscal and monetary policies while flexibly using interest rate tools, credit limits and exchange rates to adjust the macro economy structure.
Administrative procedure reform will be strongly accelerated in order to shorten the time for enterprise establishment, make all management policies and mechanisms open as well as transparent and promote decentralisation of power to localities and units while still ensuring management unity and development targets, combining decentralisation with supervision and inspection.
Economic restructuring in agriculture will be accelerated in order to gradually transform labour concentration from the agriculture sector to the service and industry sectors. Farmers will be encouraged to become shareholders of joint stock enterprises and cooperatives and to be co-owners of agro-product processing firms.
The government will increase budget investment in agriculture to boost export of farm products, develop rural markets and create favourable conditions for goods circulation in remote and isolated areas to stabilise prices. The development of high-yield and high-quality strains for farmers will receive strong investment from the State.-Enditem |