(VOVworld) – The government monthly meeting opened in Hanoi on Tuesday to discuss socio-economic development in March and the first quarter of the year.
Prime Minister Nguyen Tan Dung said that positive results have created conditions for further progress in the coming months. However, he pointed out some issues that need to be addressed including bad debts, the slow increase in investment demand, access to business loans, and the low price of agricultural products. He asked ministries and localities to continue to mobilize resources to increase investment demand: “To increase investment demand, it’s necessary to enable access to business loans. Banks should think of ways to ensure the quality of credit and avoid bad debts. The settlement of bad debts should go along with bank restructuring.”
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Prime Minister Dung asked ministries and localities to link ODA counterpart funds with land clearance, particularly for key transport projects. He called for coordinated measures to stabilize the macro-economy, control market prices, improve the investment environment, and accelerate negotiations for the early signing of bilateral and multilateral free trade agreements. He also requested more resolute action in the restructuring of public investment, banks, state-owned enterprises, and the agricultural sector. He said that priority should be given to the new rural development program to help farmers improve their lives.
Concerning Vietnam’s hosting of the 19th Asian Games (ASIAD 19), Prime Minister Dung asked the Minister of Culture, Sports and Tourism to report detailed plans for the event this week.