Economic
restructuring, growth model reforms for sustainable development
Vietnam’s
economic restructuring program for the past 5 years brought about noticeable
results. The progress has provided a basis for Vietnam to continue its
restructuring plan until 2020.
Vietnam’s restructuring program in the 2011-2015 period has
focused on macro-economic stabilization and restructuring of the national
economy in combination with growth model renovation. The monetary market was
kept stable and inflation was under control.
These
achievements have created the momentum for Vietnam to continue the
master-plan on economic restructuring until 2020, focusing on renovation of
the growth model to improve quality, economic efficiency and competitiveness,
people’s living conditions, and Vietnam’s status in the global arena.
Many
deputies at the 14th National Assembly (NA) session which included on
November 13, underlined that economic restructuring can hardly succeed
without a favorable, open, and transparent business environment.
“While
the market is the driving force for commodities production, businesses should
be the backbone of that process. The involvement of enterprises will attract
investment from society and link scientists, producers, and the application
of advanced technologies for effective production”, said Nguyen Thi Thanh, a
deputy representing Ninh Binh province.
One
of the missions of economic restructuring is to improve the development of
economic sectors by using high tech to create high added values.
In
the next five years, the government should avoid scattered investment,
minimize the waste of resources, and tap the potential of key economic zones.
“We should improve forecasting and rapid response to changes in domestic and global markets. The master-planning on regional connectivity should be strictly implemented with a focus on defining the core industries and principal products that can compete regionally and internationally. Economic development should go hand in hand with the settlement of social and environmental issues”, said deputy Chu Le Chau, who represents Lai Chau province.
Under
the restructuring program until 2020, Vietnam attaches special importance to
building an independent economy, integrating into the global market, and
consolidating its status in the international arena.
Economist
Nguyen Tri Hieu suggests some solutions:“Vietnam should improve its
reliability and prestige in the world market to consolidate foreign
investors’ trust in its economy. More importantly, we need to improve
people’s lives, increase competitiveness, and raise our credit rating in the
world.”
VOV5
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Chủ Nhật, 27 tháng 11, 2016
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