Vietnam will combine acceleration of economic growth with tamining inflation
The plan would encourage the development of the high-tech sector as a way to gradually replace low-tech industries, with a focus on enhancing the efficiency of administration on the national level and minimise cumbersome beaurocracy.
The government will identify and deal with important issues facing the long-term development of the economy in a sustainable way, setting targets with an eye towards 'quality growth'.
These efforts would remain in accordance with existing policies to curb inflation and ensure macroeconomic stability.
Tighter fiscal policies will be applied which will hopefully accelerate the development of production sector for domestically-consumed goods as well as support industries needed for such growth.
Regarding the restructuring of the banking system, due attention will be paid to enhancing financial capacity of financial institutions and banks.
First priority will be given to dealing with bad debts and improving liquidity in the financial system.
There will also be increased efforts to tackle cross ownership and intensify the transparency of financial institutions.
A comprehensive plan for the restructuring of financial institutions will be carried out in order to build a modern, safe and efficient system by 2020.
The PM requested that drastic measures be taken to prevent bankruptcies or other harmful incidents within the banking system, minimise losses and manage risks.
The country will inspect and classify commercial banks and other financial institutions so as to work out the best solution to deal with incompetent institutions.
Concerning the restructuring of enterprises, continued attention will paid to state-owned groups and corporations, requiring them to divest from non-core businesses.