VINACHEM

International and local economists along with Vietnamese business representatives gathered in HCM City on March 1 for a seminar to discuss 2013’s opportunities and challenges for the national economy.

Experts believe achieving a 5.5 percent GDP growth rate while minimizing inflation will require addressing the problems arising from bad debts, excess stock, and the underperforming real estate.

Delegates said that the State’s economic policies should concentrate on regaining the market’s trust. Relevant agencies should undertake economic and business restructuring to improve the health of the market and facilitate the national economy’s transition to a growth model.

They emphasised the importance of removing the hindrances posed by bad debts and helping businesses have easier access to loans to fund their operations.

Dr Le Tham Duong, Head of the Banking University’s Business Administration Department in HCM City, reiterated that the State should honour its responsibilities and focus on dealing with bad debts and inventories that could hurt the national economy in 2013.