Motivation for sustainable growth

24/02/2016


In 2015, Vietnam’s growth was recorded for four positive highlights: GDP increased by 6.68%, the highest figure in the last 8 years; the first time in the last five years exceeded the plan (by 6.2%); the fourth consecutive year with GDP growth of next quarter is always higher than the previous quarter; especially, GDP growth rate is faster than annually increased social investment. In particular, GDP increased while the inflation is the lowest in 15 years and the rate of social investment in conparison with GDP at low level has confirmed that the growth momentum is not only the capital and high inflation is not true.
Growth drivers in 2015 were emitted from the improved investment, promoting administrative reform and reducing the burden of financial costs; reducing bad debts and improving credit access conditions, particularly interest rates; increasing purchase in market and reducing the cost of raw materials, fuel and other costs for businesses; as well the stabilization and cargo traffic; stabilizing the foreign exchange market; expansion of managed liberalization and fair competition... Since mid-2015, Vietnam has cut down from 49 into six areas of investment restrictions and abolished 3299/6475 business conditions; reduce the actual hours for businesses to pay taxes from 537 hours/year to 117 hours/year. Currently over 98% of companies have online tax declaration; over 80% of businesses were paying tax by electronic method; more than 98% of export turnover was electronic clearance. Currently, bad debt decreased to approximately 2.93% compared to 17% in 2011.
Growth momentum is also increasing from market confidence, strengthen the international position and expectation of new opportunities coming from the results of the negotiations, signing and implementation of commitments and proactive international integration of Vietnam. In 2015, Vietnam made many major economic events such as Vietnam – EU FTA; Vietnam - Korea FTA, TPP; the ASEAN Economic Community (AEC).
Growth impetus also came from the positive movement of economic restructuring, especially merger of the banks and the transfer of real estate projects; equitization of the business units and the rearrangement and equitization of SOEs; expanded the participation of agricultural enterprises to invest in the model of chain link and industrial scale.
These points suggest that, although GDP growth is not the most important goals and only targets to assess economic development of our country, but the year of 2015 proved the change from dynamics growth based on investment to exploit, consolidate and coordinate the sustainable growth of institution, technology and trust to meet the requirements of stablity and more effective, rapid economic development in Vietnam. It is vitally important to preparation for developing country with great expectations and more confident in 2016
Chia sẻ bài viết ^^
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