Government keen to grow electricity industry

The Government will speed up programmes to generate electricity from renewable energies and soon adopt a clear and favourable mechanism for the electricity industry to grow and play a crucial role in national development.

The question of how to spur the development of the electricity industry caught the special interest of cabinet members at their regular monthly meeting chaired by Prime Minister Nguyen Tan Dung in Hanoi on August 30-31.

The government’s plan is to encourage all economic sectors to join efforts with the State to boost the growth of this important industry.

The PM asked the Ministry of Industry and Trade to focus investments on raising power output to prevent shortages in the future.

Discussing the socio-economic development plan for 2011, which is the first year in the next five-year development plan, and the 2011-2020 development strategy, PM Dung said the general goal of 2011 is to strengthen macro-economic stability and step up the economic restructuring to achieve a growth rate higher than this year.

The other goals are to ensure social security and social welfare and further improve people’s living conditions while assuring political security, social order and safety, he said. The PM proposed the Government target a GDP growth rate of 7.5 percent, CPI year-on-year rise of 7 percent, and trade deficit below 18 percent for 2011.

He underscored the need to pay special attention to vocational training and considered it an important index to serve the country’s economic restructuring.

PM Dung also requested formulation of mechanisms and policies to support national target programmes, and listed the rural development programme. – Vietnam+

Tags: Vietnam electricity industry