Conference reviews six-month economic performances
The economic situation of the first half of 2015 and relevant growth measures were discussed during a conference hosted by the Central Institute for Economic Management (CIEM) in Hanoi on July 29.
Accordingly, the industrial and construction sectors were the driving force behind economic growth. Earnings from exports hit US$70.9 billion in the period, up 14.9% from 2014. The country also recorded a low inflation rate. Local demand and business operations have recovered since April, stimulating a GDP surge.
Underscoring the positive outlook of the economy through the end of the year, Nguyen Tu Anh, Deputy Head of the macro-economic policy section under the Central Institute for Economic Management (CIEM), noted the necessity of focusing on macro-economic stabilisation, mechanism overhaul and infrastructure and resources development.
Meanwhile, CIEM Director Nguyen Dinh Cung said economic restructuring has yet to reach expected results, reflected in the slow equitisation of State-run businesses and the handling of bad debts.
He added that the re-allocation of national resources should not be done by the State but rather be prompted by the market.
At the conference, economists proposed additional governmental assistance towards enterprises operating in the support industry while urging the acceleration of the economic restructuring process.
National resource distribution ought to be based on the reduction of public investment and enhancement of private involvement, they highlighted.
Underscoring the positive outlook of the economy through the end of the year, Nguyen Tu Anh, Deputy Head of the macro-economic policy section under the Central Institute for Economic Management (CIEM), noted the necessity of focusing on macro-economic stabilisation, mechanism overhaul and infrastructure and resources development.
Meanwhile, CIEM Director Nguyen Dinh Cung said economic restructuring has yet to reach expected results, reflected in the slow equitisation of State-run businesses and the handling of bad debts.
He added that the re-allocation of national resources should not be done by the State but rather be prompted by the market.
At the conference, economists proposed additional governmental assistance towards enterprises operating in the support industry while urging the acceleration of the economic restructuring process.
National resource distribution ought to be based on the reduction of public investment and enhancement of private involvement, they highlighted.