Vietnam’s macro economy has been initially stabilised but yet reached sustainable stability, said Deputy Prime Minister Nguyen Xuan Phuc at the midterm review workshop on 2011-2015 socio-economic development plan in Hanoi on September 23.

The international workshop was jointly held by the Party Central Committee’s Economic Commission, the National Assembly’s Economic Committee, the National Economics University and the World Bank.

Addressing at the event, Deputy PM Phuc said Vietnam has witnessed many macroeconomic stability indicators over the last two years such as low inflation and trade deficit, lowered interest rates and substantial export growth rates.

The Deputy PM also noted that macroeconomic stabilisation had yet been firmly retained. Vietnam has lagged behind most of regional countries in regaining the growth momentum following the global economic crisis, said Deputy PM Phuc.

The Deputy PM also warned that many important goals of the country could miss its deadlines. Although people’s living standards especially in the remote and rural areas have been improved significantly, urban crimes and social conflicts in rural areas have become increasingly pressing issues.

Head of the Party Central Committee’s Economic Commission, Vuong Dinh Hue described 2013 as an important year to Vietnam, highlighting the need to continue to consolidate macroeconomic stability and advance growth recovery on the basis of growth model renovation and economic restructuring in the second-half of the 2011-2015 socio-economic development plan.

Hue stressed that opinions collected at the workshop would consult Party, NA and State agencies about adjusting the country’s socio-economic policies in the coming time.

Scholars, managers and international experts at the workshop also proposed measures for the implementation of fiscal and monetary policies in order to fulfil the target of mobilising social investment that makes up over 30 percent of the country’s GDP in the next two years.

They also discussed ways to speed up perfecting the institution of the socialism oriented economy institutional, tackle structural bottlenecks for growth recovery, infrastructure development and effective use of human capital.-VNA