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PM approves Master Plan on economic restructuring (25/2)
25/02/2013 - 15 Lượt xem
The master plan defines three concrete goals:
Firstly, perfecting the socialist-oriented market mechanism, creating a system of reasonable, stable and long-term stimuli, especially tax incentives and other measures to encourage investment, fostering the distribution and use of social resources in accordance with market mechanisms on sectors and products with competitive advantages, and improving labour productivity and competitiveness.
Secondly, shaping and developing logical economic restructuring on the basis of upgrading the development of economic sectors, fields and regions; developing sectors and fields using hi-tech that helps to create high value in order to replace low-tech sectors and to become main economic sectors.
Thirdly, gradually reinforcing the internal force of the national economy, being active in international integration and consolidating national status, maintaining political stability, and ensuring national security, social order and safety.
Under the plan, the restructuring of some core fields requires a favourable and stable macro-economic environment. For which, monetary policies will be applied effectively and carefully, fiscal policies will be implemented closely and effectively, and the focus will be on boosting exports and closely controlling import commodities.
In addition, the plan emphasizes restructuring investment, with the focus on public investment; restructuring the financial – banking system, with the focus on credit institutions; and restructuring enterprises, with the focus on state groups and corporations.
Source: CPV
