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Boosting the completion of socialist-oriented market economy mechanism

access_time Feb 16,2017 chat_bubble_outline 37 views
Boosting the completion of socialist-oriented market economy mechanism

The event saw the presence of Politburo member and head of the Party Central Committee’s Economic Commission Nguyen Van Binh, along with nearly 100 delegates who are leading managers, scientists and economists from various ministries and sectors.


Dr. Nguyen Quang Thuan, President of the Vietnam Academy of Social Sciences, emphasised blocks that hinder the economic growth of Vietnam in the short term and mid-term including poor infrastructure, an unstable macroeconomy, weak State-owned enterprises and a small private sector.


He also pointed out other problems such as non-performing loans of the banking system and public debts which affect the rapid and sustainable growth of the Vietnamese economy.


Dr. Thuan also stated new problems for the economy in the mid-term and long term, which are its capacity to absorb, apply and create technology and management methods for enterprises in addition to the upward trend of urbanisation and inequality, among others.


He said that the biggest obstacle to economic development and growth is the decline in the trust of enterprises and people in the economic development model, requiring the perfection of the socialist-oriented market economy.


Delegates heard 20 speeches at the seminar focusing on achievements, shortcomings and issues raised during the process of completing the mechanism of the socialist-oriented market economy as well as plans and solutions to shortcomings in the context of the new situation.

Trump Administration Picks Strange Fight With Meals On Wheels

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As famine threatens, an unprecedented global challenge – and response

The challenge is unprecedented. Twenty million people in four countries face famine in the next six months, UN Secretary-General Antonio Guterres warned this week, unless the world steps in with $4.4 billion.“The situation is dire,” he said. “Millions of people are barely surviving in the space between malnutrition and death” in war-wracked Yemen, Somalia, South Sudan, and Nigeria.But the international response has been unprecedented, too. Even though donors are not yet giving anything like… chat_bubble_outline Read More...

Premier League: Lascelles showing his true worth as Magpies finally make a fist of their relegation scrap

Edward Stratmann turns the spotlight on a Newcastle defender who seems to be reaping the benefit of manager Rafa Benitez's defensive brilliance . View photo Newcastle defender Jamaal Lascelles has hit form at the right time Since making his first Premier League start on the 23rd of January 2016 against Watford in Newcastle United's 2-1 defeat, a game in which he memorably scored, Jamaal Lascelles has been steadily improving and finding his feet at the top level.Back in December, former… chat_bubble_outline Read More...

Philippine troops assault militants blamed for bombing

MANILA, Philippines (AP) — Philippine military officials say troops, backed by bomber planes, have assaulted local sympathizers of the Islamic State group, including dozens of militants who took cover in an unoccupied Islamic school in the south.Military officials say air force helicopters fired rockets and troops clashed with some of the estimated 40 militants of the Maute group Saturday in Bayabao village in the southern town of Butig.The military says two soldiers were wounded and an… chat_bubble_outline Read More...

Chrisette Michele Opens Up About Inauguration Performance: 'I Don't Mind These ...

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