President Truong Tan Sang has asked the Party Central Committee’s
Commission for Economic Affairs to continue looking into hot issues of
the economy such as public and bad debts, real estate and the efficiency
of capital use in order to help the Government make effective
monitoring decisions.
At a working session with the
commission on September 30 on the occasion of the 64th founding
anniversary, the President spoke highly the operation of the commission,
focusing on making major studies on the national economy after some 30
years of renewal and reviewing the implementation of the
socialist-oriented market economy mechanism and economic restructuring.
The leader also told the commission to include some
problems regarding Vietnamese goods’ competitiveness, production costs,
the application of science-technology, human resources quality, and
support industries in its studies to help boost the country’s rapid and
sustainable development.
Participants the function heard a review
on the building of a report on economic restructuring in combination
with growth model shifting in the 2011-2014 period.
Chairman of the commission Vuong Dinh Hue reported that Vietnam’s
economy developed substantively between 2011 and 2013, with the
inflation rate cut down from 18.13 percent to 6.81 percent.
The economic restructuring, especially in public investment and
State-owned enterprises, saw encouraging results, helping stabilise the
macro economy and drive up the change of growth model, the session
heard.
Apart from such outcomes, a number of
shortcomings still exist in the national economy, such as the dependence
on capital and natural resources for development, labour productivity
2-15 times lower than that of other ASEAN countries, and the ineffective
capital use, Hue said.-VNA