The biannual Autumn Economic Forum that opened in the northern province of Ninh Binh on September 27 is seeking how to speed up economic restructuring.
Former Minister of Commerce Truong Dinh Tuyen commented that the restructuring process is slow due to a lack of capital regulations, cumbersome formalities and unfavorable business climate.
He warned that foreign investors are dominating the distribution sector, citing that 67.3 percent of exports are sourced from these players who also record a massive 70 percent industrial production value.
Vo Tri Thanh, deputy head of the Central Institute for Economic Management, said state-owned enterprises should properly address the issues of transparency, supervision, governance and equitisation if they wish a change.
Tran Du Lich, deputy head of Ho Chi Minh City’s National Assembly deputy delegation, proposed a better legal framework for the settlement of non-performing loans.
In his opinion, the Vietnam Asset Management Company should be made more financially capable, suggesting an inflow outside the banking sector to deal with this issue.
Attendees also called for more changes to the Law on amendments and supplements to some articles of the Laws on Housing, Civil Affairs, Real Estate Business and Corporate Law.
The two-day forum is co-hosted by the National Assembly Economic Committee, the Vietnam Academy of Social Sciences, and the Vietnam Chamber of Commerce and Industry (VCCI ).-VNA
Former Minister of Commerce Truong Dinh Tuyen commented that the restructuring process is slow due to a lack of capital regulations, cumbersome formalities and unfavorable business climate.
He warned that foreign investors are dominating the distribution sector, citing that 67.3 percent of exports are sourced from these players who also record a massive 70 percent industrial production value.
Vo Tri Thanh, deputy head of the Central Institute for Economic Management, said state-owned enterprises should properly address the issues of transparency, supervision, governance and equitisation if they wish a change.
Tran Du Lich, deputy head of Ho Chi Minh City’s National Assembly deputy delegation, proposed a better legal framework for the settlement of non-performing loans.
In his opinion, the Vietnam Asset Management Company should be made more financially capable, suggesting an inflow outside the banking sector to deal with this issue.
Attendees also called for more changes to the Law on amendments and supplements to some articles of the Laws on Housing, Civil Affairs, Real Estate Business and Corporate Law.
The two-day forum is co-hosted by the National Assembly Economic Committee, the Vietnam Academy of Social Sciences, and the Vietnam Chamber of Commerce and Industry (VCCI ).-VNA
