Last updated: Thursday, May 23, 2013
Economic Restructuring Needs Fresh MomentumPosted: Friday, March 16, 2012
Top Vietnamese economists have analyzed that the restructuring process of the economy has yet caught up with the Government’s strong determination.
Under the roadmap for restructuring SOEs, right in the first quarter of 2012, ministries must develop plans for restructuring their enterprises then submit them to the Prime Minister for approval. However, few restructuring projects have so far been introduced to the public.
According to a recent report prepared by the Economic and Policy Research Centre of the National University - Hanoi, the restructuring of SOEs and public investment may not progress substantially this year.
“Restructuring plan seems to be still on the table”, said Mr Luu Bich Ho, former Director of the Development Strategy Institute, an affiliate of the Ministry of Planning and Investment. He asked the Government to quickly devise specific action programs to realize the plan.
Meanwhile, economist Vo Tri Thanh from the Central Institute for Economic Management (CIEM) said macro-economic issues have been seriously discussed, however solutions to them have slowly been adopted.
Economic restructuring, a key content of Vietnam’s socio-economic development strategy for 2011-2020, has been widely debated in conferences, seminars and economic forums in 2011.