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Conference seeks to revive economy with long-term measures

The Ministry of Planning and Investment (MPI) held a consultation conference in Hanoi on October 1 on its draft programme on economic recovery and development in combination with improving internal capacity and resilience of the economy for the 2022-2023 period.
Conference seeks to revive economy with long-term measures ảnh 1A corner of district 2 in Ho Chi Minh City. (Photo: VNA)

Hanoi (VNA) – The Ministry of Planning and Investment (MPI) held aconsultation conference in Hanoi on October 1 on its draft programme on economic recoveryand development in combination with improving internal capacity andresilience of the economy for the 2022-2023 period.

Speakingat the event, Minister of Planning and Investment Nguyen Chi Dung said theGovernment has issued a number of corporate support policies and measures, butmost of them are short-term while there is not any comprehensive or long-termprogramme to gradually recover the economy and spur development after the pandemic is put under control.

TheMPI’s programme aims to help Vietnam avoid missing opportunities whenentering the new normal, Dung said.

DeputyMinister of Planning and Investment Tran Quoc Phuong said Vietnam needs tolearn from lessons in pandemic prevention and control to revive the economy,focusing on promising fields such as processing industry, logistics and tourismto make breakthroughs.

Hesuggested combining both short and long-term goals, improving the capacity ofworkers and providing support for firms based on order of importance and priority.

The ministry also wished tocollect feedback to develop green economy and step up the disbursement ofpublic investment capital, Phuong said.

He outlined eight categories of measures, including controlling the pandemic, improvingthe capacity of medical system, maintaining macro-economic stability,controlling inflation, continuing with fiscal and monetary policies, andensuring national financial safety.

Others include stepping up administrativereform, stimulating domestic consumption, facilitating digital transformation,attracting foreign investment, and improving workforce quality to meetrequirements of the fourth industrial revolution.

Conference seeks to revive economy with long-term measures ảnh 2At the event (Photo: VNA)
Country Director of the Asian Development Bank in Vietnam Andrew Jeffries said Vietnam’s major trade partners are quickly recovering while domestic vaccination coverage is increasing, thus contributing to promoting growth.

He proposed Vietnam actively tap free trade agreements to boost exports, join the global supply chain more deeply. At the same time, the country should re-open in a safely manner, ensure healthy relations between banks and enterprises and take caution with bad debts./. 

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