Production improvement needed to fulfill GDP growth target
Deputies to the 14th National Assembly have agreed that the Government should continue creating favourable conditions for investors and boosting production, especially in industry and services, to achieve the tough set GDP growth target of 6.7 percent for 2017.
Hanoi (VNA) – Deputies tothe 14th National Assembly have agreed that the Government shouldcontinue creating favourable conditions for investors and boosting production,especially in industry and services, to achieve the tough set GDP growth targetof 6.7 percent for 2017.
Speaking on the sidelines of the ongoingNA third session on May 23, deputy Do Manh Hung from Thai Nguyen provincepointed out that economic growth has slowed down, while several problems like investmentefficiency and bad debt remained unsolved.
So, the GDP target can only be achievedwhen the whole political system, especially the business community, makesconcerted effort, he noted.
He suggested that the Governmentshould promptly tackle any arising problems facing investors as a way todeliver its pledge of creating a favourable investment environment.
Meanwhile, Do Van Sinh, whorepresents Quang Tri province, said the Government should pay greater attentionto boosting services and industry and tackling banks’ bad debts.
Sharing Sinh’s opinion, Hoang VanCuong of Hanoi said that the GDP goal poses a real challenge to the economy, asthe new growth model, which has no longer relied on exploiting natural resourcesand investment capital, would generate a slower growth rate for the economy.
Deputy Vu Tien Loc from Thai Binhprovince stressed that speeding up the institutional reform to absorb capitalin society and facilitate fair competition in the economy would support asustainable GDP growth.
Loc asserted that mobilizing all resourcesfor the institutional reform and creating a smooth environment for enterprisesin operation is the key solution.
In the short term, the Governmentshould strengthen public investment and encourage businesses to expandproduction, while designing specific plans of action and roadmaps to completetargets in improving the business environment and garnering investmentresources in and outside the country. -VNA
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Illustrative photo (Source: VNA) 
