The Government has requested ministries, departments and localities to push ahead with economic restructuring towards efficiency and science-technology innovation in 2019.
Hanoi (VNA) – The Government hasrequested ministries, departments and localities to push ahead with economicrestructuring towards efficiency and science-technology innovation in 2019.
The involved parties must focus on removingdifficulties for farmers and businesses and helping them increase productionand agro-forestry-fishery exports as well as seize opportunities from freetrade agreements, especially the Comprehensive and Progressive Agreement forTrans-Pacific Partnership, diversify export markets, and reduce the tradedeficit.
The Government also ordered them to develop theprocessing and manufacturing industry while monitoring businesses’ operationsand the implementation of major projects.
Another task includes developing services,particularly wholesale, retail, logistics, tourism, information technology,finance and banking.
In addition to speeding up the disbursement ofall public investment capital, it is necessary to improve the businessenvironment and address shortcomings in legal documents which hinder economicdevelopment.
The State Bank of Vietnam (SBV) was tasked withmaintaining flexible monetary policies, contributing to curbing inflation,stabilising the macro-economy and supporting growth.
The SBV will direct credit institutions toimplement credit growth solutions, control credit quality and promote businessproduction.
The bank must reshuffle credit institutions,especially those with poor performance, in association with handling bad debtsand complete the national inclusive financial strategy.
These solutions were adopted at the Government’sregular meeting for March and became part of the meeting’s resolution.-VNA
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Illustrative image (Source: VNA)
