Restructuring investment to boost economic development

(VOV) – One of the solutions to boost the country’s economic development is to restructure investment, said head of the Government Office Vu Duc Dam.

A regular press briefing held in Hanoi on September 26, he spoke about the economic situation in September and measures to control high inflation.

Dam said inflation appeared to be on decline with the consumer price index (CPI) dropping to a record low of 0.82 percent compared to early this year.

In the first nine months, exports continued to follow the upward trend while import surplus over export was reduced to a level, much lower than the laid down in the Government’s resolution 11.

Mr Dam added that from now till the end of the year, it is important to focus on key projects to boost production and achieve an economic growth rate of 6 percent, he said as expected.

In the short-term, the focus will be on maintaining monetary and fiscal policies, reducing public investment, and controlling prices in the local market.

In the long-term, due attention should be paid to restructuring investment, business and financial and monetary operations.

Tags: invest in Vietnam, Vietnam FDI, Vietnam FDI 2011, Vietnam investment