Forum on restructuring of the national economy

by VTV421 September 2018 Last updated at 14:48 PM

VTV.vn - A forum on restructuring the economy towards fast, comprehensive and sustainable development was held on Thursday / by the Ministry of Finance, with the participation of the US Agency for International Development.

According to the Ministry of Finance, the economy's growth still highly depends on bank credit, with credit outstanding balance accounting for 1.4% of GDP / while the recommended level is only 0.6-0.8%. Medium and long-term interest rates are at about 9.6%.

These are big challenges for the development of the capital market and sustainable development. In addition, complicated administrative procedures were mentioned as another obstacle, which Vietnam will need to overcome in the future.

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