A workshop to launch the Vietnam Annual Economic Report 2012 was held in Hanoi on May 24.
Thereport compiled by the Vietnam Centre for Economic and Policy Research(VEPR) provided analysis and comment on three economic restructuringprogrammes, focusing on public investment, state-owned enterprises andcommercial banks, as well as difficulties and shortcomings during theimplementation.
Director of VEPR, Dr. Nguyen Duc Thanh, saidVietnam’s economic growth rate in 2012 is likely to be 5.1 percent, thelowest ever since 2000 and the inflation rate, 6.2 percent..
In his opinion, the current growth model is highly dependent onineffective State-run enterprises, which weakens economic effectiveness.The basic question of the macro-economy is to deal with bad debts inthe commercial bank system and create conditions for the market to selfrestructure the enterprises, with the support of bankruptcy and mergerand acquisition procedures.
The report recommended thatVietnam should have a clear view of the new development model, aswell as suitable support mechanisms for successful implementation ofeconomic reform and overcome the challenges posed by restructuring.
However, the World Bank gave a more optimistic forecast on Vietnam’sgrowth in 2012 with an inflation rate lower than 10 percent and economicgrowth of 5.7 percent.-VNA
Thereport compiled by the Vietnam Centre for Economic and Policy Research(VEPR) provided analysis and comment on three economic restructuringprogrammes, focusing on public investment, state-owned enterprises andcommercial banks, as well as difficulties and shortcomings during theimplementation.
Director of VEPR, Dr. Nguyen Duc Thanh, saidVietnam’s economic growth rate in 2012 is likely to be 5.1 percent, thelowest ever since 2000 and the inflation rate, 6.2 percent..
In his opinion, the current growth model is highly dependent onineffective State-run enterprises, which weakens economic effectiveness.The basic question of the macro-economy is to deal with bad debts inthe commercial bank system and create conditions for the market to selfrestructure the enterprises, with the support of bankruptcy and mergerand acquisition procedures.
The report recommended thatVietnam should have a clear view of the new development model, aswell as suitable support mechanisms for successful implementation ofeconomic reform and overcome the challenges posed by restructuring.
However, the World Bank gave a more optimistic forecast on Vietnam’sgrowth in 2012 with an inflation rate lower than 10 percent and economicgrowth of 5.7 percent.-VNA
