Prime Minister Nguyen Tan Dung has instructed ministries, agencies and localities to ensure capital is invested effectively in key areas and projects to avoid misdirected investment, waste and losses.

Dung made the request yesterday while attending the planning and investment sector's meeting on the socio-economic development plan for 2013 and the State budget investment plan for 2013-15.

Dung urged drastic measures to renovate the management mechanisms of national target programmes on public investment, while stressing the need to mobilise different sources for social investment besides capital from State budgets.

Dung said 2013 would be an important transitional year for reaching targets set in the 2011-15 socio-economic development plan, creating a momentum for the successful implementation of the goals of the 2011-20 socio-economic development strategy.

He stated that in 2013, the country would continue to carry out synchronous and effective measures to stabilise the macro economy and curb inflation.

"Ministries, agencies and localities must always strengthen measures to achieve this goal," he said.

The country should maintain its economic growth at about 6-6.5 per cent and inflation at 5-6 per cent and reduce State budget overspending to 4.7 per cent, he said.

To reach these goals, the PM emphasised the need to implement a tightened monetary policy and flexibly use the tools of the monetary policy to curb inflation at the targeted rate, helping stabilise the macro economy and ensuring sustainable development.

The Ministry of Planning and Investment said the overall objective of the 2013 socio-economic development plan was to improve quality of growth in combination with economic restructuring, stabilising the macro economy and ensuring sustainable economic and social welfare development.

The ministry stressed building the 2013-15 investment plans would take into consideration how to contribute to realising socio-economic development objectives and orientations in the 2011-15 period, together with restructuring the economy and building a synchronous supporting infrastructure.

Investment from the State budget should only focus on projects in progress in order to ensure works are completed on schedule and operate effectively.

In September this year, the MPI will report to the Government the 2013 socio-economic development plan for fine-tuning before submitting it to the National Assembly.

VNS