PM Nguyen Xuan Phuc had a working session with leaders of the MPI. (Photo: VGP)
The PM highly appreciated the MPI’s achievements in recent years. The ministry has promptly assessed risks and completed the growth scenario in the context of complicated global economic changes.
The MPI’s advice to the government has contributed to building a constructive, people-focused and enterprise-centred government.
According to the PM, one of the outstanding results is institutional perfection, including the Law on amendments and supplements to a number of articles of 37 laws related to planning, thereby, abolishing planning from hindering investment activities and the business production of local people and businesses.
However, the PM also pointed out a number of shortcomings and weaknesses that need to be overcome such as that the assessment, management and disbursement of public investment have made much progress compared to the previous years but are still slow. Management and distribution are still rigid and inflexible. The development of legal documents still has many shortcomings, stemming from the coordination between ministries, branches and localities which are not well organised.
In the near future, the MPI will work harder to give a boost to the country’s economic locomotives, especially Hanoi and Ho Chi Minh City, and the four key economic regions to achieve breakthrough growth in 2019, Minister of MPI Nguyen Chi Dung has said.
In order to obtain breakthroughs targeted in the resolutions of the Party Central Committee, the National Assembly and the Government, the MPI will augment its efforts in certain areas, including developing the private sector strongly and creating a fair business environment, he said. The ministry will push on with accelerating economic restructuring and growth model reform, and promoting growth quality, labour productivity and competitiveness of the economy, he stressed.
The MPI will also look to create strong changes in the structure of each sector and public investment, while developing synchronous infrastructure on the basis of effective public-private partnership, he said.
The minister added that stronger actions will be made to form national innovation centres and boost the activities of the Vietnam Innovation Network, thus helping to develop human resources and encourage innovation in the country amid the Fourth Industrial Revolution. The ministry will also create favourable conditions for smart production models, smart cities, green growth and clean energy and improve communities’ resilience to climate change, he noted.
Particularly, the MPI is committed to making breakthrough improvements in its governance efficiency by building a lean apparatus, enhancing policy implementation efficiency at all levels, and promoting transparency and accountability, he said.
