Economic experts urge the foundation of a national steering committee for economic restructuring. (Photo: tapchitaichinh.vn)
Hanoi (VNA) – A national steering
committee for economic restructuring should be founded to accelerate the
efficiency of the economic overhaul process, the Central Institute for Economic
Management (CIEM) proposed at a workshop held in Hanoi on June 30.
The steering committee would focus on
speeding up restructuring and improving economic productivity, CIEM said.
Dinh Trong Thang, Head of CIEM’s Investment
Policy Department, said that the State now manages assets worth about 600
billion USD, half of which are controlled by State-owned enterprises (SOEs)
while the rest is land, transport infrastructure and minerals, each estimated
at 100 billion USD.
Thang said that during 2016-20, economic
management policies should focus on increasing productivity towards prosperity
and improving social welfares.
The Government needs more measures to improve
competitiveness, capacity, transport infrastructure and human resources while
cutting costs through simplifying administrative procedures and land fees as
well as gradually cutting interest rates, said Thang.
Thang stressed that a steering committee to
guide comprehensive restructuring was necessary.
All ministries and State management agencies
must be accountable for their restructuring efforts and results to the steering
committee.
Economic expert Bui Trinh said that the
economic structure of Vietnam had issues in all sectors, which required a
comprehensive and synchronous overhaul.
Trinh added that economic restructuring must
prioritise protecting the environment for sustainable development.
The Government’s restructuring plan for
2016-20 set goals to renovate the growth model, improving growth quality,
productivity and competitiveness.
Restructuring priorities were given to
developing the private economy, restructuring SOEs, public investment, State
budget and public services, restructuring the financial market, restructuring
major markets (land, labour and science and technology) and modernising
economic zones.-VNA