Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home>>Daily News>>Vietnam>>Finance >>Financial advisory council to the Government told to focus on science-technology
NEWS UPDATES Asean Affairs   January 16, 2019  




Financial advisory council to the Government told to focus on science-technology

 
Deputy Prime Minister Vuong Dinh Hue asked members of the National Financial and Monetary Policy Advisory Council to view science-technology as a ‘driver of growth’ rather than just an academic subject in its policy development process.

Deputy PM Hue, who served as the advisory council’s chair, made the request at the first quarter meeting held on Saturday.

He asked the council’s members and scientists to “contribute their knowledge” to the Government’s building of socio-economic development strategy over the next 10 years.

At the meeting, he thanked the council for their feedback and ideas provided to the Government and the Prime Minister, which contributed to the economy’s impressive achievements in 2018 when all 12 targets were met which helped GDP record the highest level in 11 years.

Following the council’s advice, the Government is actively building legal frameworks for the digital economy, sharing economy, intermediate payments and peer-to-peer lending to curb loan sharks, Hue said.

The council members appreciated the Government’s leadership in socio-economic development over the last year, especially with its microeconomic policies and close coordination between agencies along with flexible but concerted monetary policies.

Hoping that 2019 would continue to be a good year for the country’s economy, the council warned that Viet Nam would still need to pay close attention to the risks brought about by the global economy, especially trade tensions, fluctuations in the stock market, and more relaxed monetary policies by central banks that could lead to higher interests.

Slow-paced equitisation of State-owned businesses and delays in the implementation of major projects, improvements in the business environment outmatched by practical demands and constrained budget funding are seen as “internal bottlenecks” that would greatly impact the country’s economy.

The council asked the Government to continue to consolidate macroeconomic and microeconomic well-being, creating a ‘buffer zone’ that could absorb external impacts, not only for the entire economy but also enterprises and financial institutions.

Strict overseeing of the overspending, foreign debts and reforms to State budget expenditure-collection at local levels are also urged.

Prime Minister Nguyen Xuan Phuc signed the decision to establish the advisory council in June 2016, with finance minister ?inh Ti?n D?ng, chief of the National Financial Supervisory Commission V? Viet Ngoan, and director of the State Bank Le Minh Hung as deputies.


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
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

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
 
or
submit your comment in the box below



  Today's  Stories                     January 16, 2019
• Myanmar suffers trade deficit of over 900 mln USD in over three months
• Credit growth moderation positive for Viet Nam’s banks: Moody’s Subcribe: Asean Affairs Global Magazine
• Fintech can improve SME tax compliance: Experts Subsribe Now !
• Financial advisory council to the Government told to focus on science-technology
Research Reports
on Thailand 2007-2008

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

• Hilton Expands Footprint in Myanmar
Asean Stock Watch  November 1,  2018

• Asean Stock Watch-November 1, 2018
Asean Analysis                June 15,  2018
• Asean Analysis June  11, 2018
Inflation may yet peak —Diokno
Advertise Your Brand

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

ASEAN  ANALYSIS

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

 


Name

Name


Email

Email



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
asean@aseanaffairs.com