The economy of Vietnam in 2013 - 2014 from the viewpoint of macroeconomic targets

Abstract

Economic growth is the premise to implement social, environmental, ecological and welfare duties. Vietnam’s economic growth in 2013 is pretty optimistic with 5.42%, the growth quality has also been improved. This growth has contributed to the stabilization of macroeconomy, inflation control and trade surplus.The 2013’ CPI increased less than those of previous years which indicates the inflation control in 2013 is a success. The trade balance has reversed with a trade surplus of 750 and 860 million USD in 2012 and 2013 respectively. The number of employed people in 2013 also increased compared to in 2012 (increased by 1.35%) The 2014’s economic target is to keep the macroeconomic stability and control inflation. The economic targets in 2014 are: economic growth is 5.8%; inflation is controlled below 6%; employment for about 1.6 million of workers is created and export growth to the direction of balance of export and import in the manner of stability and sustainability. In order to achieve 2014’s economic targets, it is necessary to have a new driving force and significant breakthrough, which are regime reform and renovation in the way of thinking. Continue to boost the economic reform with focuces on public investment, banking system and state-owned enterprises to switch from broad economic development to in-depth economic development through capacity of synchronized factors, ensuring the stable development for the economy.