NA fixes growth rate for 2017

Photo: VGP

Under the Resolution, the overall goals are to ensure macro-economic stability, create substantial changes in the three strategic breakthroughs, enhance the competitiveness and self-reliance of the economy, spur business startup among others.

Exports are expected to increase 6-7% and trade deficit is estimated at around 3.5% of the total export value while inflation will be kept at 4%.

Vu Hong Thanh, Chairman of the National Assembly Economic Committee said it would not be too difficult to reach the set growth rate but the National Assembly tasked the Government to pursue flexible monetary policy, control non-performing loans, and effectively manage forex and gold markets.

The Government needs to strive to increase forex reserves that already hit a record high of US$40 billion, said Mr. Thanh.

The Legislature also asked the Government to deploy major projects like the Long Thanh International Airport and some sections of the North-South Expressway.

The Government has to take proper measures to improve the efficiency of BOT transport projects.

Regarding economic restructuring, the National Assembly required the Government to focus on public investment, State-owned enterprises, and banks./.

By Kim Anh