Laos learns from Vietnam’s macroeconomic management
(VOV) - Laos Deputy Prime Minister Somsavat Lengsavad is visiting Vietnam to inquire into Vietnam’s solutions for inflation control, macroeconomic stabilization and sustainable growth.
At a working session with Finance Minister Dinh Tien Dung in Hanoi on January 8, both sides shared experience in the managements of State budget, prices, debts and tax collection.
Dung said in 2014 Vietnam aims to achieve GDP of 5.8%, export growth of 10%, trade deficit of 6% of export value, consumer price index of 7%, total social development investment capital of 30% of GDP and State budget overspending of 5.3% of GDP.
To meet these targets, Vietnam will continue to stabilise macroeconomy, control inflation, ease production difficulties, accelerate economic restructuring, and renovate the growth model.
It will also improve the quality, efficiency and competitiveness of the economy, ensure social security and welfare, and raise the living conditions of people.
For his part, Laos Deputy PM Somsavat said Laos hopes to learn from Vietnam’s experience in macroeconomic development and management.
He expressed his belief that with the government’s effective solutions, Vietnam’s economy will soon recover from the difficult times and develop stably in the coming years.