Vietnam targets stronger economic restructuring in 2017

The draft Resolution of the Government on tasks and measures to implement socio-economic development plan in 2017 will focus on stronger economic restructuring and sustainable growth, said Deputy Prime Minister Vuong Dinh Hue.
Vietnam targets stronger economic restructuring in 2017 ảnh 1Prime Minister Nguyen Xuan Phuc (C) at the teleconference (Source:http://baochinhphu.vn)
Hanoi(VNA) - The draft Resolution of the Government on tasks and measures toimplement socio-economic development plan in 2017 will focus on strongereconomic restructuring and sustainable growth, said Deputy Prime Minister VuongDinh Hue.

Addressing a teleconference between theGovernment and localities in Hanoi on December 28, Deputy PM Hue said it alsofocuses on rapid and sustainable economic development, administrative reform,the fight against corruption and wastefulness, and the building of a modernadministrative system, serving people and enterprises, he stressed. 

The Government set to achieve GDP growth of 6.7 percent, maintain anaverage inflation rate at 4 percent in 2017, and ensure the State budgetbalance, he noted. 

To that end, the draft proposed ten measures,asking ministries and sectors to keep close watch on and promptly updateinformation related to key economic partners of Vietnam in order to devise appropriatepolicies and reaction, the Deputy PM said. 

The Government has planned bond issuance worth250 trillion VND (11 billion USD), down 30 trillion VND from 2016, Hue said,adding that the Government bond structure records a positive change as capitalsources from banks reduced while those in other financial institutionsincreased. 

He also emphasised saving the State budgetspending, while enhancing the budget discipline, and implementing thedisbursement of investment capital from the State budget from early 2017. 

Regarding the improvement of business andinvestment climate, the Government encourages start-ups and improve thecompetitiveness of the national economy, Hue stated. 

Attention will be paid to supporting micro-small,and small- and medium-sized enterprises and startup businesses inaccessing loans, and promoting creativeness and application of advancedtechnologies to fully tap chances from fourth industrial revolution.

Projects related to restructuring including publicinvestment, State-owned enterprise reform, credit institutionrestructuring and bad debt settlement will be approved by relevant agencies inthe first quarter of 2017, Hue affirmed. 

A number of ministries were requested to takespecific measures to attract investment and develop businesses, and pay heed tofostering intensive processing and production, and trade promotion, andexpanding export markets. 

Work concerning climate change adaptation,natural disaster prevention, and natural resources and environmental protectionwill be also intensified, Hue said. 

The draft Resolution asked ministries, sectorsand localities to strictly implement and tighten legal regulations, and improvethe efficiency of anti-corruption and wastefulness prevention, and focus on settlingserious corruption cases, he added. 

The Deputy PM suggested ministries, sectors andlocalities take specific action plans in January 2017, and regularly examinethe implementation of set plans in odder to give appropriated solutions toarising issues during the implementation process.-VNA

VNA

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