(VOVworld)- At the 4th session of the 13th National Assembly in Hanoi on Monday, Deputy Prime Minister Nguyen Xuan Phuc presented the government’s report on implementing the National Assembly’s resolution on previous Q&A sessions. This is the first time the government has reported on how well cabinet members have kept the promises they made before the National Assembly and the voters. VOV brings you excerpts from the report.
The government’s report covers Vietnam’s major socio-economic issues. Deputy Prime Minister Nguyen Xuan Phuc said the state budget allocation for agriculture and rural areas has increased dramatically compared with economic growth, increasing by 34.7% last year and 28% this year, and totalling about 18.3 trillion dong. According to the Deputy Prime Minister, the national target program on new rural development has become a popular movement throughout the country. Mr. Phuc said that resources, however, can’t meet demands and some criteria of the program are unrealistic. "The government will change and add more incentives to encourage enterprises to invest in agriculture and rural areas and increase investment for ongoing assistance programs. We will focus on mobilizing more resources, put in place a specific investment mechanism to boost the implementation of the new rural program, and adjust the set of criteria for new rural areas", said Mr. Phuc.
In regard to education and training, the government has focused on consolidating and developing the system of boarding schools for ethnic minority students, prioritized educational development in ethnic minority regions, and provided vocational training and help for ethnic minority students in the northwest, central highlands, and southwest regions to enter universities and colleges.
Mr. Phuc said the government is considering a program on restructuring the securities and insurance markets and fine-tuning the roadmap for developing the bond market in the 2011-2020 period. The government has approved a project to restructure credit organizations which focuses on evaluating, categorizing, and restructuring weak commercial banks. The government has also put in place several measures to restructure debts, defer debts and sell bad debts, although, so far, the process of clearing bad debts is proceeding slowly. This urgent issue will require close coordination between the banking sector and relevant ministries, agencies and localities, according to Mr. Phuc. "The government will focus resolutely on restructuring banks with poor performance, implementing the project to clear bad debts, increasing inspection and supervision of the banking sector, and punishing individuals and organizations that violate banking and finance law".
The Deputy Prime Minister said the government’s cautious monetary policy has helped rein in inflation, and stabilize the macro economy, yet enterprises still face many difficulties in production and sales. To solve these difficulties, Mr. Phuc said, the government will implement more measures to control inflation, adjust interest rates, and ensure safe credit growth. The government has approved a project to restructure state-owned enterprises. The project sets out orientations, targets, and measures to make state-owned enterprises more effective. "The government has approved a project to restructure 20 economic groups and corporations and issued a decree on regulations governing the organization and operation of each economic group. The government has also reviewed the weaknesses of state-owned enterprises, state management, and state ownership", said Mr. Phuc.
The report touched upon the roadmap to promote market competition and prevent monopoly in electricity, petrol, coal, and agricultural materials. At this session, the government also presented the National Assembly a plan for state investment in the 2013-2015 period, prepared a law on public investment, a decree on medium-term investment, and a project to restructure public investment.
Hong Van