The 7th NSEDP is based on the Socio-Economic Development Strategy until 2020 document and the achievements of the 6th NSEDP (2006-2010). It aims to achieve sustainable economic growth and reduce poverty (and inequality), and guide the country graduating from its Least Developed Country status by 2020.
For achieving this, it targets an annual economic growth of at least 8%, and proposes broad-basing the growth process: diversify and deepen economic activities; significantly scale-up human capital; improve labour productivity; and promote inclusion of especially women, ethnic groups and more remote areas. The plan underscores the importance of achieving the Millennium Development Goals (MDGs), protecting the environment, maintaining political stability and peace, having an open economy integrated into the regional (ASEAN community) and world economy, and focusing on the quality of growth.
The agriculture and forestry sector is expected to help achieve targets in food security, employment and poverty reduction and create surplus for export. The plan aims to modernize this sector: expanding irrigation; introducing modern technologies by strengthening extension centres; diversifying the crop and livestock regimes; developing seed farms;; linking farm produce to agro-processing; introducing quality control measures; and human resource development in the sector.
The NSEDP targets creating a detailed land management plan at both macro and micro levels, and land use plans in villages and village clusters across the country. It also aims to complete issuing one million land titles in a systemic and regulated manner without conflict and achieving a three-fold increase in land revenue (or equal to 5% of the national revenue).