Vietnam approves socio-economic development plan for 2023-Xinhua

Vietnam approves socio-economic development plan for 2023

Source: Xinhua

Editor: huaxia

2022-11-10 19:00:30

HANOI, Nov. 10 (Xinhua) -- The 15th National Assembly (NA) of Vietnam, the country's top legislature, approved the resolution on the socio-economic development plan for 2023 on Thursday, prioritizing macroeconomic stability, inflation control and growth acceleration.

With 465 out of 466 lawmakers present at the fourth session of the 15th NA voting yes, the resolution was passed with other priorities including ensuring major balances of the economy, improving internal capacity, self-reliance, resilience and adaptability, Vietnam News Agency reported on Thursday.

Under the resolution, Vietnam aims to achieve GDP growth of 6.5 percent and per capita GDP of 4,400 U.S. dollars in 2023. Its consumer price index (CPI) is expected to rise 4.5 percent and the manufacturing and processing sector will account for 25.4 to 25.8 percent of the country's GDP in the same year.

The country also aims to keep the unemployment rate in urban areas under 4 percent and the rate of poor households will decrease by 1 to 1.5 percent, according to the resolution.

Vietnam also sets the goal to further strengthen administrative reform and investment environment, improve human resources and accelerate innovation.