Deputy Prime Minister Nguyen Xuan Phuc cleared up several issues involving macro-economic stability and the fight against corruption at the National Assembly’s hearings in Hanoi on June 15.

Deputy Prime Minister Nguyen Xuan Phuc at the NA hearing, Photo: VNA

Several issues were spotlighted, including economic development in line with social welfare, the feasibility of the project to restructure businesses, and particularly administrative reforms.

At the event, he reported that economic indicators showed the economy has overcome the most difficult time and begun to pick up. The economic growth rate in the second quarter was estimated at 4.5 percent compared to 4 percent in the first quarter.

The Deputy PM affirmed the Government will strive for a GDP growth of 6 percent this year and keep inflation at 7-8 percent.

To support businesses and promote economic development, the Government continues implementing solutions to raise effectiveness of public investment, increase control of the banking system’s credits, speed up the restructuring of the commercial banking system as well as address bad debts in the banking system and of businesses, Phuc said.

The Government, he added, continues push up the restructuring of State-owned enterprises with a focus on groups and corporations.

Source: VNA