Prime Minister Nguyen Xuan Phuc has decided to establish a national steering committee on restructuring the economy and renewing the growth model. (Photo: vneconomy)

Hanoi (VNA)  — Prime Minister Nguyen Xuan Phuc has decided to establish a national steering committee on restructuring the economy and renewing the growth model.

The committee will be headed by the Prime Minister. Deputy Prime Minister Vuong Dinh Hue is assigned as the Standing Deputy Chairman of the committee while Minister of Planning and Investment Nguyen Chi Dung will be the committee’s Deputy Chairman.

The committee will help the Government and the PM in directing and co-ordinating with relevant ministries, agencies and localities to implement the restructuring of the economy and the renewal of the growth model.

It is responsible for studying, reviewing and proposing the Government and the PM positive and negative case studies in efforts to implement the restructuring of the economy and the renewal of the growth model in sectors and localities; and recommending Party and State economic policies.

The committee will review and propose the Government, the PM and authorised agencies abolish and amend legal documents that hinder the restructuring of the economy.

It will also assess and supervise the implementation of action plans of ministries, agencies, localities, State corporations and groups, and other relevant organisations in efforts to create and implement a new growth model. -VNA