"To gradually improve and ultimately realize fully the convertibility of the Vietnamese currency"
Embassy of Vietnam
1233 20th St NW, Suite 400
Washington, DC 20036
Interesting 10 year plan mentions Vietnam's Economy and how they are making strides to become a market economy ...
information from ~
Link ~ http://www.vietnamembassy.us/news/story.php?d=20010420010319
The Asia-Pacific region remains one of dynamic development, where China plays a growing role. After the financial-economic crisis, many ASEAN and East Asian countries are regaining their development momentum with new competitive capacities. This creates for us enabling conditions in economic development cooperation, while increasing competition pressure in and outside the region alike.
1. Strategic goals
The overall goals of the 2001-2010 ten-year Strategy are:
To bring our country out of underdevelopment; improve noticeably the people's material, cultural and spiritual life; and lay the foundations for making ours basically a modern-oriented industrialized country by 2020. To ensure that the human resources, scientific and technological capacities, infrastructures, and economic, defense and security potentials be enhanced; the institutions of a socialist-oriented market economy be basically established; and the status of our country on the international arena be heightened.
The specific goals of the Strategy are:
- To ensure that by 2010, GDP will have at least doubled the 2000 level. To increase visibly the efficiency and competitiveness of products, enterprises and the economy; to better meet essential consumption demands, and a considerable part of production and export demands. To ensure macro-economic stability; a sound international payment balance and growing foreign exchange reserves; to keep budget deficits, inflation and foreign debts within safe limits to effect positively economic growth. Domestic savings are to amount to over 30 percent of GDP. Exports are to increase at a rate more than double that of GDP growth. Agriculture is to account for 16-17 percent of GDP, industry 40-41 percent, and services 42-43 percent. Agricultural labor is to drop to around 50 percent of the workforce.
~snip
To implement monetary policies ensuring macroeconomic stability, controlling inflation, promoting production and consumption, and stimulating development investments.
To apply flexibly and effectively such monetary policy instruments as exchange rates, interest rates and open market operations in accordance with market principles. To gradually improve and ultimately realize fully the convertibility of the Vietnamese currency.
full article @
http://www.vietnamembassy.us/news/story.php?d=20010420010319
