Restructuring of the economy discussed

by VTV403 November 2016 Last updated at 07:59 AM

VTV.vn - The NA’s deputies agreed that considering the current economic situation, ministries and localities have to use public resources efficiently and economically. Public resources should be prioritized for important projects.

Vu Tien Loc – Chairman of Vietnam Chamber of Commerce and Industry (VCCI) said: “I think we are now touching on the most difficult issues of economic restructuring, issues that we haven't yet been able to solve. The main issues are the restructuring of State-owned enterprises, improving the management of State capital and improving the efficiency of using State capital so we can finally solve the current bad debt problem”.

Nguyen Dinh Cung – Director of Central Institute for Economic Management – said: “We have to re-channel capital to the private sector. To be able to do that, we need to restructure the list of State assets and channel capital from inefficient projects to efficient ones. To restructure the State-owned enterprise sector, we need to let some projects go bankrupt if they have lost liquidity”.

Tags:

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2024-05-20 04:07 UTC

WEATHER FORECAST