Experts recommend solutions to achieve higher growth

(VOVWORLD) - Vietnam is searching for ways to obtain growth, macro-economic stability, and inflation control, according to an online meeting between the Government and localities on Thursday to review Vietnam’s socio-economic situation in the first half of 2020.

Experts recommend solutions to achieve higher growth - ảnh 1 The online meeting to review Vietnam's socio-economic situation in 2020's first half takes place on July 2, 2020. (Photo: VGP)

A variety of solutions were proposed to boost Vietnam’s GDP growth this year to 4% while GDP in the second quarter was only 0.36%.

Economist Le Dang Doanh recommended incentives to facilitate businesses. He said, “We need to find new sources of material for production. It’s also necessary to allow selective foreign experts and workers who are confirmed free from the coronavirus to enter Vietnam for work. I recommend facilitating businesses to penetrate new markets such as the Middle East, South America, and Africa.”

Doctor Le Duy Binh stressed the importance of flexible management and relaxing conditions for business loans. “In this pandemic time, the maintenance of major indexes on inflation, consumer price, foreign exchange, and budget deficit is the foundation for us to create breakthroughs in the future. It’s feasible as long as the Government adjusts its monetary policies, interest rates, money supply, and fiscal policies,” according to Binh.

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