People's savings and forecast of people's saving in the 2011-2020 period

Abstract

Mobilization of the people's savings for the economic development has become one of the key tasks durings the process of industrialization and mordenization with an aim to bring Vietnam towardds an advanced and industrialized nation by the year 2020.

The article is designed to present the status of people's saving and experiences in recent years so as to propose some solutions for mobilizing people's saving and using their savings more effectively; at the same time to present some predictions for the capability to mobilize people's savings in the next decade. The article is focused on the following contents

I. Definition of savings and people's saving.

II. Progress of people's saving in the last two decades.

III. The model of long term forecast of people's savings in Vietnam's situation:

1. The factors that have long term effects in Vietnam.

2. The theoretical model of forecasting the ratio of long-term people's saving.

3. ICOR index

IV. Proposed policies to mobilize and to use people's saving for development investment:

1. All source need to be mobilizied to encourage people's saving and their investment.

2. Building new production relations in order to shape various types of businesses for citizens.

3. An appropriate financial and currency to encourage people's savings.

4.Perfecting the legal framework and development of various markets.

5. Renovation of state management.

6. Encouraging social and mass organizations to get invilved in realizing, managing and supervising the social and economic activities.