Sign up | Log in



Home  >>   Daily News  >>   Vietnam  >>Economy  >> Economic restucturing ‘too slow'
NEW UPDATES Asean Affairs  25 May  2015  

Economic restucturing ‘too slow'

Vietnam: Although economic restructuring has been recognised as a vital task, the process remains slow and requires greater efforts for a more comprehensive outcome, according to experts.

The Director of Central Institute for Economic Management (CIEM), Nguyen Dinh Cung, noted at a conference on Thursday that the economic restructuring process in Viet Nam had been progressing at a slow pace.

At the conference on the monitoring and evaluation of the implementation of the master plan for economic restructuring, many economists agreed with Cung. The conference was organised by the institute within the framework of the Restructuring for a Competitive Viet Nam project.

Economists Luu Bich Ho remarked that even after three years, the process remained far from substantial restructuring.

CIEM's former director Le Xuan Ba said that Viet Nam should accept low growth rates, between four and five per cent, in the short term to gain higher growth rates of eight to 10 per cent in the medium term.

According to Nguyen Tu Anh of CIEM, the restructuring process during 2011-14 posted achievements including a stable macro economy and improved business environment and productivity.

However, Anh pointed out, the public restructuring failed to focus on measures to enhance investment efficiency, while the privatisation of State-owned enterprises and resolution of bad debts were below expectations.

Rapid rise in public debt remained a threat to macro-economic stability, according to CIEM.

Experts at the conference stressed that greater efforts were needed to implement the economic restructuring comprehensively and thoroughly.

Viet Nam has been pursuing economic reforms with its focus on three pillars, namely public investment, State-owned enterprises, and the banking system, in combination with a shift in the national growth model.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           May  25 , 2015 Subsribe Now !
• Trade talks aim to boost quota Subcribe: Asean Affairs Global Magazine
• Japan vows to help RI develop infrastructure
• Telkom enters bond market to finance expansion
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Honda to recall 87,182 vehicles in Malaysia
• Economic restucturing ‘too slow'
Asean Analysis                   May 15, 2015
• Asean Analysis May 15, 2015
Washington Needs a More Holistic View of Myanmar’s Elections
Advertise Your Brand

Asean Stock Watch  May 22,  2015
• Asean Stock Watch-May 22, 2015
The Biweekly Update
• The Biweekly Update May 15, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand