Phan Duc Hieu, a standing member of the National Assembly’s Economic Committee, shares his view on Viet Nam’s economic restructuring plan for the 2021-25 period in the Economic Focus programme of Vietnam News Agency Television.
The respiratory epidemic caused by the novel coronavirus (COVID-19) has highlighted an urgent need for Viet Nam to boost its economic restructuring and diversify its markets.
The Ministry of Planning and Investment has proposed criteria for monitoring and evaluating the efficiency of economic restructuring and growth model renewal in the 2016 to 2020 period.
Deputy Prime Minister Vuong Dinh Hue said that international economic integration would be the focus of economic restructuring in 2018, requiring breakthroughs in negotiation, signing of free-trade deals and improving the legal framework.
A national steering committee for economic restructuring should be founded to accelerate the efficiency of the overhaul process, the Central Institute for Economic Management (CIEM) proposed at a workshop held on Friday in Ha Noi.
US businesses must engage more strongly in Viet Nam’s economic restructuring, especially in the finance-banking sector and in state-owned enterprise equitisation, Prime Minister Nguyen Xuan Phuc said on Tuesday.
The Government has issued an action programme to implement the policies on economic restructuring and building of a new growth model for the period between 2016 and 2020.
Further efforts of hastening economic restructuring and institutional reform would drive the Vietnamese economy forward in 2017, according to a report by a finance analysts group.
The Government is going to propose that the National Assembly formulates a separate law on settling bad debts to facilitate economic restructuring, Deputy Prime Minister Vuong Dinh Hue said on Thursday.
Deputy Prime Minister Pham Binh Minh said on November 3 at the Việt Nam
Summit 2016 that the country would continue to focus on restructuring
the economy, renewing its growth model and integrating into the global
production and value chain.
Although economic restructuring has been recognised as a vital task, the
process remains slow and requires greater efforts for a more
comprehensive outcome, according to experts.
The bi-annual Autumn Economic Forum 2014 held in the northern province
of Ninh Binh last Saturday was seeking fresh ways to speed up Viet Nam''s
economic restructuring process.
The State Audit Office of Viet Nam (SAV) plans to intensify the auditing
of economic restructuring activities this year, a conference to launch
the SAV''s operations in 2014 was told in Ha Noi yesterday.