Forum discusses economic restructuring

April 08, 2012 | 19:06

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International financial and economic organizations have raised the Vietnam Credit Index (VCI), indicating brighter prospects for the medium term.

Vice Chairwoman of the National Assembly (NA) Nguyen Thi Kim Ngan said this at a spring economic forum held in Danang on April 8 by the NA Economic Committee, the Vietnam Academy of Social Sciences, the Vietnam Chamber of Commerce and Industry and the United Nations Development Programme (UNDP).

During the two-day forum, domestic and foreign economic managers and experts discussed the results of socio-economic development plans in 2011 and proposed solutions for 2012.

According to experts, there remain problems, such as weak liquidity, the decline in foreign direct investment, gloomy real estate and securities markets and a large number of dissolved businesses.

Vietnam's GDP growth in the first quarter of this year is estimated at 4 per cent, much lower than the same period last year.

Participants also exchanged views on Vietnam’s economic restructuring and growth model, especially restructuring state-owned enterprises, investment and financial institutions and the banking system.

Ms Ngan said experts forecast that it will be difficult for Vietnam to achieve as a high growth rate as in 2011. The urgent task now is to keep inflation to a single digit and maintain GDP growth of 6-6.5 per cent in 2012.

She also urged participants to give frank opinions to help the NA and Government devise effective socio-economic solutions.

VOV

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