Ways to ensure sustainable economic growth in mid term sought

17-Jun-2017 Intellasia | VNA | 6:00 AM Print This Post

Removing business barriers, clarifying responsibility of management units and dealing with bad debts are among solutions raised at a workshop in Hanoi on June 15, aiming to ensure the rapid and sustainable economic growth in the mid term.

Nguyen Anh Duong from the Central Institute for Economic Management (CIEM), said Vietnam’s economic growth has remained sluggish over the past years, suggesting a close and flexible combination between fiscal year and capital and monetary markets.

It is necessary to take into account the greatest benefits while engaging in the Trans-Pacific Partnership (TPP) agreement and materialsing free trade agreements in general.

Other delegates at the even proposed the government well carry out its commitment to building a facilitating government that supports businesses.

They also called for efforts to curb with bad deeds like corruption, wastefulness and group interests to ensure a fair and transparent business environment.

The government should consistently pursue its viewpoints on sustainable development and manage the economy on the basis of market rules, they said.

Dr Dang Thi Thu Hoai, from the CIEM, said reforming the growth model is an urgent task to serve the target of rapid and sustainable growth in the context of integration.

She underscored the need to identify both opportunities and challenges facing the economy.

Hoai noted that it is necessary to improve added values of products, especially those belonging to promising sectors, and quality of human resources, looking towards higher productivity.

“The government should take measures to ensure equal access to resources of businesses, avoiding wastefulness, conflicts or overlapping of interests,” she said.

http://en.vietnamplus.vn/ways-to-ensure-sustainable-economic-growth-in-mid-term-sought/113366.vnp

 


Category: Economy

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