THE PRIME MINISTER OF GOVERNMENT
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom – Happiness
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No. 148/2004/QD-TTg
Hanoi, August 13, 2004
 
DECISION
ON MAJOR ORIENTATIONS FOR SOCIO-ECONOMIC DEVELOPMENT OF THE CENTRAL VIETNAM KEY ECONOMIC REGION TILL 2010, WITH A VISION TO 2020
THE PRIME MINISTER
Pursuant to the December 25, 2001 Law on Organization of the Government;
At the proposal of the Minister of Planning and Investment in Official Dispatch No. 7349/BKH-CLPT of December 1, 2003,
DECIDES:
Article 1.- To approve the major orientations for socio-economic development of the Central Vietnam key economic region till 2010, with a vision to 2020, to be materialized in 5 provinces and centrally-run cities, including Da Nang city, Thua Thien Hue, Quang Nam, Quang Ngai and Binh Dinh provinces, in order to bring into play the region's potentials, geographical position and comparative advantages, step by step develop the Central Vietnam key economic region into one of the country's dynamically developing regions, and ensure its role as the growth nucleus and booster of development of Central Vietnam and the Central Highlands.
Article 2.- Major development objectives
1. To attain an annual GDP growth rate of 1.2 times and 1.25 times the national average GDP growth rate in the 2006-2010 and 2011-2020 periods respectively. To increase the region's contribution to the national GDP from the current 5% to around 5.5% by 2010 and 6.5% by 2020.

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2. To increase the average per-capita annual export value from USD 149 in 2005 to USD 375 by 2010 and USD 2,530 by 2020.
3. To raise the percentage of the region's contribution to the national budget revenues from 4.6% in 2005 to 6% by 2010 and 7% by 2020.
4. To speed up the technological renewal at an average rate of 20%/year in the modernization process, and to gradually raise the percentage of trained laborers to around 50% by 2010.
5. To strive for the urbanization rate of 40% by 2010 in the Central Vietnam key economic region. To reduce the unemployment rate to 5% and continue controlling it below the permitted safety rate of 4% by 2020, striving to create more than 60-70 thousand jobs a year.
6. To reduce the percentage of poor households from 15.5% in 2005 to under 8.8% by 2010 and around 2% by 2020.
 

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