VNA

NA discusses socio-economic tasks

The National Assembly held group discussions on November 22 on the
implementation of socio-economic tasks and this year's State budget, as well
as orientations, tasks and an estimate of the State budget for next year.

They also discussed the five-year socio-economic development plan between
now and 2005. 

Most deputies agreed with the government's report, presented by Prime
Minister Phan Van Khai at the opening session of the National Assembly,
saying "Vietnam's gross domestic product (GDP) growth this year is estimated
at about 7%, 0.5% lower than planned but still higher than last year and
much higher than in other regional countries."

Many praised the government's endeavours to narrow the gap of development
between different areas through the implementation of policies and
programmes such as the on-going national hunger elimination and poverty
reduction programme, the programme on socio-economic development in remote
and isolated areas, and the afforestation programme.

"In particular, many major infrastructure projects were completed or are
still under construction this year, including the Ho Chi Minh National
Highway, roads and bridges, and electricity supply systems," they said.

Many deputies highlighted big changes in Vietnam's economic structure,
saying "Many localities have shifted from rice cultivation to fruit tree
farming or aqua-culture. There has also been an expansion of product
processing industries for export."

"However," they said, "Vietnam still imports a great deal of raw material
and additives to feed industries, including cotton, fibre, milk, leather and
salt." 

Some deputies analysed the main reasons for the failure to fully achieve
five important goals: GDP growth, agriculture-forestry-fisheries production,
services, export value, as well as a goods and consumer service price index.

They also pointed to the need to build a transparent national financial
system on all social and economic levels, regarding this as the most
important measure for developing a socialist-oriented market economy. (VNA)

****

Vietnam, Finland sign deal on double taxation avoidance

Vietnam and Finland signed an agreement on avoiding double taxation and
preventing income tax evasion during a four-day visit to Finland by a
Vietnamese government delegation led by Deputy Prime Minister Nguyen Manh
Cam from November 18.

During the visit, Deputy Prime Minister Cam met with Finnish Prime Minister,
Paavo Lipponen, and Parliamentary President, Ms Riita Uosukeinen, held talks
with the Minister of Development Co-operation and Environment, Satu Hassi,
and held a working session with Minister of Trade Kimmo Sasi. He also
attended a seminar for Vietnamese and Finnish business people and visited a
number of economic, scientific and technological institutions.

At the meetings, the Vietnamese Deputy PM expressed thanks to the Finnish
government and people for 30 years of support and assistance to Vietnam
during the struggle for independence, reunification, and the national
construction. 

Deputy Prime Minister Cam expressed his wish that, as a member of the
European Union, Finland would continue helping Vietnam to further strengthen
its co-operation with the EU and support its eventual inclusion in the World
Trade Organisation (WTO). Vietnam appreciated Finnish-assisted programmes in
safe water supply, environment, rural development, hunger eradication,
poverty reduction, and health care, which have contributed to socio-economic
development in Vietnam.

The Finnish leaders expressed sentiments of solidarity and friendship with
Vietnam and applauded Vietnam's achievements in the renovation process and
its implementation of an open-door foreign policy. They affirmed that
Vietnam is one of Finland's important and long-term partners and has great
potential. 

The Finnish leaders pledged to continue granting ODA priority to Vietnam and
to encourage and create favourable conditions for Finnish enterprises to
enhance their co-operation with Vietnamese partners in the fields of trade,
investment, science and technology, and hi-tech co-operation. (VNA)

****


Vietnam attends EWEC ministerial meeting

Foreign Minister Nguyen Dy Nien attended a ministerial meeting between
Vietnam, Laos, Thailand and Japan, held in Mudakhan town of Thailand on
Thursday. 

On the agenda were the proposed construction of a second bridge spanning the
Mekong river between Laos and Thailand and the development of the East-West
Economic Corridor (EWEC) from Thailand to Vietnam via Laos.

The participants reviewed construction preparations for a second bridge
linking Thailand's Mudakhan province and Laos's Savannakhet province across
the Mekong river. They also discussed the upgrade of the Lao section of
Highway 9 and the Da Nang section of Vietnam's Highway 1, leading to the
port of Da Nang in Vietnam.

They noted that these construction projects will help boost economic
development, trade and tourism between Vietnam, Laos and Thailand as well as
promote Mekong sub-regional co-operation.

The construction of the new bridge is scheduled to be completed by 2005, the
upgrade of Highway 9 in Laos by 2003 and Vietnam's Highway 1 by 2004. (VNA)

**** 


Efforts made to overcome flood aftermath, restore production

Local administrations of the storm and flood-hit provinces are giving
assistance to the locals to help them promptly restore their agricultural
production. 

Quang Ngai province will invest about VND 279 billion for agricultural
production and another VND 757 million to apply advanced science and
technology and new strains into production. The province is striving to gain
a food productivity of 360,000 tonnes.

Long An province's health sector has provided flooded areas in Dong Thap
Muoi (the Plain of Reeds) three more medical boats. About six to 15 health
workers have been sent to each commune to help the locals clean up the
environment after the floods.

Tan Tru district of Long An province has invested VND 2 billion to build 24
irrigation works to provide water to 80% of the cultivated land of the
winter-spring crop.

With loans to overcome the aftermath of the floods, Can Tho province has
planted over 30,000 hectares of assorted fruit trees and is expected to gain
an output of 195,000 tonnes of fruits this year.

Tran Van Thoi district of the Ca Mau southernmost province has invested VND
570 million to repair the dyke and dam system damaged during the last wet
season.


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