14:40 | 21/04/2015 Investment
Titled “Continuing to reform the investment and business climate in Vietnam: Turning Words into Action”, the 2015 Spring Economic Forum opened on April 21 in Vinh City, Nghe An province.
The two-day forum reviews the results of the 2014 socioeconomic development plan and proposes measures to implement socio-economic plans during 2015 and improve business environment.
At the opening ceremony, Chairman of the National Assembly’s Economic Commission, Nguyen Van Giau, said the forum chose the theme of investment environment reform (considered a priority for 2015 and 2016) and slogan “Turning Words into Action” as a result of the NA’s consensus and creativeness.
Tran Dinh Thien, Director of Vietnam Institute of Economics
Giau proposed some issues for discussion related to society, culture, education, science, technology, environment protection, improvement of living conditions, acceleration of administration and judicial reform, anti-corruption, thrift practices and loss-prevention, defence and security.
Vietnam’s export markets were persified but the import markets were just concentrated. For instance, Vietnam exported products to many countries like the US, the EU, China and Japan but imported up to 29% of total products from China.
High public debts
Vietnam’s public debts were 46.9%, which was on a safe level proposed by the Ministry of Finance. However, public debt management Thien said, adds to the State budget deficit which has occurred and even increased in recent years.
Source VOV News