Minister presents report on 2021-2025 economic restructuring scheme

Illustrative image (Photo: VNA)

Hanoi (VNA) – Minister of Planning and Investment Nguyen Chi Dung presented a report on economic restructuring scheme for the 2021-2025 period and an examination report by the National Assembly’s Economic Committee during the ongoing second session of the 15th NA in Hanoi on October 29.

Minister Dung said the scheme offers six target groups, including restructuring credit organisations and public administrative units, improving the allocation and use of resources, as well as businesses to raise their competitiveness, internal capacity and self-resilience of the economy; strengthening regional connectivity, upgrading value chains of sectors based on technological advances and digital transformation, among others.

It also defines 130 specific tasks to be assigned to ministries, agencies and localities for the effort, he said.

Chairman of the NA’s Economic Committee Vu Hong Thanh said the committee basically agreed with the report and spoke highly of the Government’s efforts in directing the 2016-2020 economic restructuring plan.

He asked the Government to assess the COVID-19’s impacts on the possibility of achieving set targets in the restructuring of credit organisations, deal with slow public investment disbursement, pay attention to developing venture capital, derivatives and consumption credit markets, attract investment in agriculture and new-model cooperatives.

The committee suggested the Government add several targets in the scheme, including developing urban economy into the national pillar, making the best use of advantages from new-generation free trade agreements to promote domestic economic reform, ensuring green growth in combination with environment protection and effective response to climate change.

Basically, the committee agreed with measures set in the scheme and proposed the legislature offer opinions on the necessity of issuing the scheme, the list of programmes and projects, and other issues of deputies’ concern./.