Deputy Dinh Duy Vuot from Gia Lai province (Photo: VNA)Ho Chi Minh City’s deputy Pham Phu Quoc held that thelow GDP growth in 2016 was mostly due to the falling growth of agriculture andmining industry, adding that the development model basing on production factorssuch as capital, natural resources and labour has showed various weaknesses.
He suggested that the Government should continue removingobstacles for and allocate more resources and capital to key economic regions inorder to boost local economic growth, thus helping to raise the country’s GDP.
At the same time, it is necessary to speed up the equitisationof and capital withdrawal from State-owned enterprises, while improving theeffectiveness of State capital management and setting up an organisation to controlState capital in centrally-run enterprises and major localities, he said.
Meanwhile, deputy Dinh Duy Vuot from Gia Laiprovince suggested that the Government should focus on efficiently managingexisting resources in order to reach the set target of 6.7 percent GDP growth.
He stressed the need for faster disbursement ofcapital, noting that only 5.2 trillion VND of capital raised from Governmentbond has been allocated, equivalent to only 10.2 percent of the goal.
Vuot proposed the Government strictly reduces publicspending, while cutting down the number of public servants, encouraging Stateagencies to become self-reliance in finance, and fastening the equitisation ofState-owned enterprises and the divestment in State-owned enterprises to enrichthe State budget and increase development investment.
At the session, Minister of Planning and InvestmentNguyen Chi Dung said that two groups of major solutions have been mapped out toboost the country’s economic growth.
In the long term, the government will continuestabilising the macro-economy, speeding up economic restructuring and increasinglabour productivity, expanding export markets and boosting domestic consumption,he said.
In the short term, urgent measures will be taken to removedifficulties for enterprises, bolster the development of sectors and areas, acceleratethe disbursement of capital, Dung said, stressing the need to keep a closewatch on the development of sectors for timely adjustments.-VNA
VNA
