The two-day 2012 Spring Economic Forum is examining ways of successfully completing this year’s socio-economic development plans as well as restructuring State businesses and public investment.

The National Assembly’s (NA) Vice Chairwoman, Nguyen Thi Kim Ngan, chaired the forum, which was jointly held by the NA’s Economic Committee, the Vietnam Academy of Social Sciences and the Vietnam Chamber of Commerce and Industry.

At the forum, which opened on April 8, Associate Professor, Dr. Tran Dinh Thien, Director of Vietnam’s Institute of Economics highlighted the country’s economic difficulties during 2012.

In his opinion, restructuring should be regarded as the key approach to curbing inflation, which will help to stabilise the macro economy and revive businesses in a number of sectors, as well as preparing them for a new period of growth.

He listed three sectors to be priotised for restructuring, specifically public investment, the commercial banking system and state-owned enterprises.

According to Dr. Thien, it is also necessary to review the payments system in the State sector, as he sees it as the best way of improving the State apparatus’s effectiveness and gaining the publics trust.-VNA