NA targets economic restructuring completion by 2015’s end

The National Assembly (NA) on November 28 approved a resolution on the continued improvement of the effectiveness of the economic restructuring in public investment, State-owned enterprises and the banking system with a target of basically completing the work by the end of 2015.
The National Assembly (NA) on November 28 approved a resolution on thecontinued improvement of the effectiveness of the economic restructuringin public investment, State-owned enterprises and the banking systemwith a target of basically completing the work by the end of 2015.

The resolution reads that the economic restructuring, started in 2011,has brought about initial outcomes in the three areas, resulting incomprehensive socio-economic improvements, especially in economicgrowth, job creation, poverty reduction, people’s incomes, and sci-techcapacity.

However, the process also revealed anumber of problems in the economy regarding support industries,competitiveness, workforce quality, investment in public and hightechnology sectors, and the reorganisation of State-owned enterprisesand the banking system.

To improve the economicrestructuring’s effectiveness from now to the end of 2015, the NA asksthe Government to clarify targets, roadmaps and methods of allocatingresources and mobilising social engagement in the work.

It isnecessary to combine the restructuring and international economicintegration as well as attach industrial and service restructuring toagricultural restructuring, the resolution says.

Theparliament also requires the Government to complete the ratification ofrestructuring projects for sectors and localities in the second quarterof 2015 at the latest, and facilitate the scientific and technologicalapplication in production and business.

Basing onthe outcomes during 2011-2015, the Cabinet will build a economicrestructuring plan for the 2016-2020 period to be submitted to thelegislature at its 10 th session in October 2015.-VNA

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