PM: Planning ministry needs renewed approach hinh anh 1Prime Minister Nguyen Xuan Phuc at the event (Source: VNA) 
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc asked the Ministry of Planning and Investment to shift its way of thinking in order to meet the national development demands, during a working session in Hanoi on February 19.

The ministry needs to fix existing shortcomings, while working harder in refining mechanisms to improve the business environment and local competitiveness, he said, adding that it needs to be more drastic in policy consultation, actively seek new growth-driving forces, and unlock resources for national development.

He noted that the ministry must swiftly complete the drafting of assigned bills; implement the adopted laws, especially the revised Law on Public Investment, the amended Investment Law, the amended Enterprise Law, the Law on Public-Private Partnership; and fine-tune mechanisms to effectively use resources, especially in public investment.

As disbursement of state budget and government bond remains slow, the ministry was required to seek measures to deal with the issue.

Minister of Planning and Investment Nguyen Chi Dung said that in compliance with the Prime Minister’s directions during a working session at the beginning of the Government’s current tenure on April 21, 2016, the planning and investment sector has made strong changes, particularly the removal of many unnecessary requirements such as business licences for build-operate-transfer and build-transfer projects, which has contributed to improving the investment and business environment, stimulating the start-up spirit and enhancing the national competitiveness.

According to him, the ministry will focus on strongly developing the private sector, improving access to resources related to innovation, and creating a fair business environment this year.

At the same time, it will accelerate the pace of economic restructuring in tandem with changing the growth model and improving growth quality, labour productivity, and economic competitiveness.

Further attention will be paid to forming national innovation centres and speeding up activities on the innovation network, thereby fueling breakthrough growth in the country’s economic locomotives, especially in Hanoi and Ho Chi Minh City, the four key economic zones, and several pillar industries based on modern technology, he said. –VNA