(VOVworld)- The National Assembly deputies on Saturday discussed the restructuring of public debts, banking system and State-owned enterprises. The deputies acknowledged initial achievements of economic restructuring in re-arranging SOEs, improving the payment capacity of credit organizations and ensuring the safety of bad debts.

Photo:vnep.org.vn

Than Duc Nam, a deputy from Da Nang city praised the Prime Minister’s decision to equitize more than 400,000 SOEs by 2015: “The State should withdraw its capital from Corporations that are equitized under a resolution of the 3rd Plenum of the 11^th Party Central Committee. The equitization should be implemented at Corporations rather than at member companies. We also need to develop a mechanism of the State management of SOEs and develop a plan on using State capital after equitization.  It's necessary to enhance the state’s investment in high-technology, infrastructure, maritime economy and national defense industry which are the areas that private enterprises don’t get involved in”.

Over the past 3 years, Vietnam has concentrated its investment in key projects and fine-tuned legal documents on public investment. But the delay of the ratification of revised Laws on investment, planning and some other legal documents have caused a number of difficulties for public investment restructuring. Hoang Dang Quang is a deputy from Quang Binh province: "We need to continue to fine-tune legislation on public investment restructuring. In the mean time, we need to issue guidelines to implement related laws and map out a master plan for public investment restructuring to facilitate the management of the process. The restructuring of public investment requires drastic changes in mindsets and opinions so we need to expand investment forms to encourage the participation of the private sector”.

The deputies agreed that the reduction of bad debts was not sustainable and the market trust has reduced. They asked the government to pay more attention to ensuring a stable and sustainable macro economy, accelerating the planning of real estate projects and supplementing more legal documents relating to real estate management, business bankruptcy and the enforcement of civil judgement to facilitate the banks to deal with bad debts.