QĐND – for at least 2 years, macro-economic stability would still need to be a top priority, but alongside it must also implement the solution in order to win back confidence to the market and investors
That is the review of Dr. Tran economy travel, Congressman Ho Chi Minh CityWhen the Exchange with reporter of people's army. Dr. Tran Tour the break in the session Friday, the Expo. Photo: Thuy Lam populist Government Reporter (REPORTER): what has been achieved, can say 2013 remains the difficult years of the country's economy.
Even pessimistic entrepreneurs worry that the difficulties will also last longer. He said nothing about this problem? Dr. Tran-economic tourism: hard not to appear from 2013, which is the result of 5-6 years of macroeconomic instability, from 2008.
There are also internal causes, due to the structure of our economy should the integration has shown weakness in competition. Also objective reasons, is world market impact. The economic situation in Vietnam very deep integration into the global economy, the lack of stability of the global economy also affect Vietnam's economy in many areas.
However, in my view, important remains from the inside. Because of macro-economic instability should through in 5-6 years, Government focus macro stabilization by measures the situation that makes the market lost confidence, loss of orientation. The difficulties such as bankruptcy, business losses, the bad debt problem, inventory, reduced market purchasing power.
Is a consequence of the measures that we adopt. However, I said that the Government measures adopted in recent years are needed. By macro-economic stability is the priority. Also the ones we see, as economic growth is not high, the consequence that we have to pay.
Consequently, we have stable macro. If you look back at the resolution of the National Assembly, 2013 must still prioritize macro-economic stability, we have hit the target. Although only economic growth over 5%, slightly lower than the resolution, but price stability, increased reserves, stabilize the exchange rate, hotel in Da Nang the export increase is a positive signal. Need a medium term policy Reporter: compared with some of the economy in the region, he sees overall growth of Vietnam like? Dr.
Tran-economic tourism: we should not be too pessimistic. Each economy has unique characteristics. There are also many who said that, at present, we have inferior growth Laos and Cambodian Cam. Actually, in economic terms, we have many other points, other conditions.
We're deeper international integration, should such comparisons difficult. However, to say that we're still growing below potential.
With all that was invested, we absolutely can rise 7, even more than 7%, rather than as at present. In my view, we are aware of the problem.
From the previous session, I've suggested stronger measures. But we're not strong enough to restore confidence to the market.
Specifically, I propose to take medium-term program, about 2-3 years, so people see how tax policy, credit. We just do each year as "eating our guys".
I propose, we must have vision and predictions about the policy for the year 2015 to orient market.
Reporter: You have said as much to the market's belief, of investors. According to him, where is the solution to strengthen faith? Dr. Tran-economic tourism: right. The most important issue now is to regain confidence for the market, to investors. Our credit situation today shows that those businesses do eat pretty good financial situation, then no need to borrow.
These businesses are borrowing and the due debt, high interest rates should again call upon. Indeed, at present continued overcapacity situation happen currency, lack of capital.
Redundancy status of money, lack of capital, I have predictions from the previous session.
Reporter: he just said, if developed in accordance with the investment, we can achieve more growth at 7%. Dr. Tran-economic tourism: more than 7% of the growth potential! Reporter: so, why don't we achieve growth potential? Dr. Tran-economic tourism: So simply because these measures against inflation as the credit squeeze, falling investments, i.
E. The measures reduce the total demand, how its being marketed? That's the price to pay. Reduced public investment to avoid inflation Reporter: Congress has just adopted the resolution on financing the State budget in 2014.
Accordingly, the target was allowed to 5. 3%. In addition, the Government also is proposing increasing bonds served investors. This prompted some suspicion about the possibility of inflation will come back.
Dr. Tran-economic tourism: this is a risk. In the current budget, some unfinished, so the request to increase the bond to release incomplete treatment.
That is necessary. But, in my opinion, at the same time, we must scrutinize, boldly cut completely unfinished though building but not priority. Now, credit has not increased, but from 2014 onwards, the increased credit, public investment must be reduced so as not to Spike about aggregate demand, causing inflation.
I would say again, in 2 years that to inflation falling back at rates exceeding 7%, we would be very hard to build the macro-stability status in the period to come.
This is the problem, I called an equation in two unknowns. To solve both unknowns which at the same time.
Reporter: Will he have for both unknowns? Dr. Tran-economic tourism: To coordinate all the groups policy. That is the Group of monetary policy, fiscal policy group and rising prices of commodities, services such as electricity, fees, hospital charges.
These types of charges are calculated according to the roadmap, the two above mentioned policy group, should not do separately. Because, for example, recently, the consumer price index (CPI) increase is due to health. Now while prices of electricity, coal prices and many more.
If not add them together, which separate when made, will cause inflation. Reporter: thank you! MING SHENG (done).
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