PM Dung responds to NA question time
(VOV) - Prime Minister Nguyen Tan Dung has responded to several issues of public concern at the current National Assembly (NA) session in Hanoi.
His address included strategies to deal with inventories and bad debts and the Government’s general management of current issues.
At the current NA session, 247 questions were submitted to the PM and cabinet members, including 11 specifically for the PM.
At the question session on November 14, PM Dung reviewed the socio-economic situation over the year and put forward solutions in order to fulfill all tasks set for 2012 and prepare for next year.
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Dung stressed the need to continue stabilizing the macroeconomy, push up production, practice responsible fiscal policy, and ensure social welfare.
He said that it is imperative to ensure the sufficient supply of essential goods for the Lunar New Year Festival (Tet) so that everyone can enjoy the celebrations, particularly those belonging to poorer households or families receiving social policy benefits.
Regarding the socio-economic tasks for next year, Dung said the Government will focus on settling inventories and bad debts, helping businesses remove challenges to their operations, as well as implementing uniform solutions to expand domestic and export markets and prevent illegal smuggling..
A key solution for businesses in difficulty is to assist with reducing production costs, seeking distribution outlets and increasing access to credit.
In addition, it is essential to issue a new mechanism for credit guarantees for small and medium-sized enterprises and also restructuring debts or making guarantees for businesses which operate efficiently but are still facing difficulties.
PM Dung said bad debts are preventing businesses from accessing credit that may lead to destabilisation of the banking system and the financial market.
Credit organisations also need to restructure debts and build risk control funds so that bad debts are kept down to 3-4 percent of all exposure by the end of 2015, he suggested.
Dung voiced the government’s determination to restructure the national economy, investments, State-owned enterprises (SOEs) and credit organisations, as well as save the property market.
He also presented measures to fulfil tasks and targets set for this year and next.