by pna
Embracing policies to remove difficulties in the economy, surplus stock, and instability in the financial system and the stock market were the main issues discussed Tuesday at the
13th National Assembly here.
Talking over of the country's socio-economic and State budget in 2012 and plans for 2013, deputies said the Government should declare comprehensive measures and policies to promote the economic restructuring process and reform of growth models.
Deputies also agreed the Government should continue to control inflation, macroeconomic stability and flexibility in monetary policy management.
They felt priority should be given to helping enterprises reduce surplus stock, handling stagnant debts from state invested projects, and speeding up the disbursement process of State budget capital projects.
"Bad debts are like clotted blood that are blocking the circulation of the economy and killing businesses" said
Tran Du Lich from HCM City.
Lich urged the Government to find solutions to warm up the frozen property market, one of the main contributors to bad debts.
He also proposed the establishment of a National Economy Restructuring Committee under the Prime Minister to foster the restructure and modernization of enterprises.
Tran Ngoc Dang from Binh Duong said to resolve bad debts, the country should not only look to the domestic sector to buy them up, but also further afield to international organizations.
Dang said as many as 100,000 apartments worth VND 70 trillion (US $ 3.6 billion) were vacant, which was eating up investors' capital.
"Measures are needed to encourage consumption in these fields through the expansion of consumption markets domestically and abroad."
He said bad debt was high in many industries, including plastics, processing, tobacco and heavy industries like cement, steel and manufacturing.
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