Consultative Group meeting opens

PM Nguyễn Tấn Dũng at the 2011 Consultative Group for Việt Nam, Hà Nội, December 6, 2011 - Photo: VGP

Addressing the opening ceremony, Minister of Planning and Investment Bùi Quang Vinh said the Vietnamese Government has succeeded in running the macro-economy and curbing inflation this year, partly thanks to the effective assistance provided by international donors.

In 2012, Việt Nam should center on facilitating the economic growth, especially the restructure of state-owned enterprises, public investment and financial market, at where commercial banks will be placed in the spotlight, he said, adding that these moves will be taken synchronously with proper fiscal policies.

Besides the three breakthroughs, Việt Nam will create a fairer competitive environment, speed up the administrative reform, develop human resource training, improve infrastructure, especially major transport and urban works. 

Mr. Vinh said the three economic restructure plans will be approved by the Government in January, 2012. The Government will submit to the National Assembly an economic restructure and a growth model reform scheme in June, 2012.

Ms. Victoria Kwakawa, the World Bank’s Country Director, said Việt Nam should focus on stabilizing the macro-economy, amid the eurozone’s public debt crisis and the US’s weakened economy.

Delegates to the CG meeting discussed Việt Nam’s macro-economy, its banking and finance restructure and new poverty reduction driving forces.

Speaking at the Conference, PM Nguyễn Tấn Dũng revealed that Việt Nam continues to gain achievements in socio-economic development.

Việt Nam still guarantees its sustainable macro-economy, control inflation with CPI of the year being at around 18%, make an increase in foreign reserves and safe public debt as well as maintain a GDP at 6%.

In 2012, the nation will realize solutions to curb inflation, stabilize the macro-economy, guarantee social welfares, restructure the economy, focus on reforming public investment, businesses and the financial market and keep growth rate at a reasonable level.

The Vietnamese Government also cares about the administrative reform, creates a favorable environment for investors, pushes up the fight against corruption and integrates into the world’s economy.

Việt Nam expects to cooperate and receive supports from the international community to achieve these aims, said the PM.

While expressing thanks for financial assistance and contributions from sponsors, PM Dũng also asserted that Việt Nam will use this source of capital effectively with part of which will be used for completing mechanisms and policies to push up the progress of disbursement as well as strengthen the supervision of ODA management. 

By Ngọc Vân