Five Year Development Plan
Our Government presented the Ninth Malaysia Plan on March 31, 2006, as a forum for the nation’s five-year development plan for the period 2006-2010. The plan outlines the direction of national development for the first five years of the second phase of Vision 2020. As to the determination and resolve all performance of their respective obligations, we are not only able to maintain national stability and promote economic growth, but also continue to improve the country 's competitiveness.
This success is clearly evident through the many achievements we have realized in the past two years. Compare to others, we have been successful in: sustaining economic growth rate at an encouraging rate of 6.1 percent per annum; enhance the quality of life
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Construction of infrastructure, human capital development, and the development of new growth sectors will continue to be pursued, taking into account long-term needs of national development. To ensure that Malaysia maintained its positive growth momentum, the country 's development agenda will continue to be rigged by five Thrusts of the National Mission, which are first increase the value of the national economy, second is to raise the capacity for knowledge, creativity and innovation and nurture "first class mentality", third is to address socio-economic inequalities constructively and productively, forth is to improve the standard and sustainability of quality of life and fifth is to strengthen the institutional and implementation …show more content…
This growth is expected to be supported by domestic demand and foreign demand remains strong, particularly among Asian countries, especially China and India. Private consumption is expected to continue to be a driver of economic growth, where private investment is expected to grow by 10.6 percent, with the total investment at current prices is estimated at RM305.8 billion for the period 2008-2010.
The service sector, manufacturing and agriculture were expected to continue to be a major contributor to economic growth. In particular, the service sector is expected to record a growth rate of 7.9 percent a year, led by the finance, insurance, real estate and business services. The manufacturing sector is expected to register a slower growth rate of 3.0 percent a year due to continued weak global demand for electrical and electronic products. However, the manufacturing industry for the domestic market is expected to grow rapidly, especially construction-related
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