PM Clarifies Orientations for 2014
PM Nguyen Tan Dung recently clarified some of the Government’s measures to realize socio-economic tasks in 2014 at the National Assembly’s Q&A session.
The Government will pursue synchronous monetary and fiscal policies in favor of businesses, inflation control and macro-economic stabilization both at short and long-term, he said.
The Government will also speed up the reform of institutions, administrative procedures, and business environment to create foundations for sustainable development.
Budget overspending will be kept around 5.3 percent of the gross domestic product (equivalent to VND224 trillion) and the Government plans to issue additional Government bonds worth VND170 trillion for the 2014-2016 period.
The additional mobilized capital will be spent on key socio-economic infrastructure development projects as well as agriculture and rural development.
PM Dung said that Viet Nam’s public debt will not exceed 65 percent of the gross domestic product between 2014 and 2016. The Government commits to managing and using loans effectively, he added.
The Government will strive to settle all the current non-performing loans by the end of 2015, according to PM Dung.
Regarding economic restructuring, PM Dung said the Government will focus on improving the efficiency of the State-owned enterprises, accelerate equitization, and reduce the number of State-owned enterprises.
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