(VOV) -Although the socio-economic situation doesn’t appear to have changed drastically, or much at all, a number of economic sectors have seen significant positive growth in the first quarter of the year.
Nguyen Van Giau, head of the National Assembly’s Economic Committee (NAEC) made the remarks at this year’s Spring Economic Forum held by the (NAEC) in Ha Long City on April 28.
In the first quarter of the year, most economic sectors gathered steam, signaling that the horizon for the economy is brighter, Giau said.
However, he warned many difficulties still remain such as low growth of aggregate demand, low credit growth, slow disbursement of construction capital, and a high number of dissolved and bankrupt businesses.
At the forum Giau solicited proposals from participants, asking for viable solutions to bolster socio-economic development in 2014 and beyond.
“Your input is important, contributing to the Government and National Assembly’s ability to devise proper policies,” he concluded.
Nguyen Van Giau, head of the National Assembly's Economic Committee
Tran Dinh Thien, Director of the Vietnam Economic Research Institute, in turn cautioned that the economy has paid the penalty for obtaining such growth on the back of weak purchasing power and fragile business health.
The most important issues facing the macroeconomy are non performing loans (NLPs) and public debt, as they closely effect capital circulation, and the economy will remain weak until these issues are adequately resolved, he added.
Tran Dinh Thien, Director of the Vietnam Economic Research Institute
Nguyen Hong Son, Vice Rector of the Economics University said it is high time to examine micro issues which help create economic power and competitions.
If the micro-management changes, it will generate a driving force behind national development, he said.
The Spring Economic Forum is a venue for experts to review economic development and macro-policies in 2013 and devise proposals for 2014. The forum’s evaluations provide important inputs for the NAEC to support the implementation of the NA’s resolution on socio-economic development plan in 2013 and in 2014.
Đăng ký: VietNam News