Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Hue chaired a quarterlymeeting of the National Financial andMonetary Policy Advisory Council in Hanoi on December 27.

Giventhe 2020 socio-economic targets assigned by the National Assembly, including a 6.8percent economic growth and consumer price index below 4 percent, Deputy PMHue, who is also chairman of the council, said the council will submit a planto the Government and PM on stepping up economic restructuring in tandem withrenewing growth model, with a focus on public investment, State-ownedenterprises and banking, and especially reshaping the sense of civicresponsibility for work cooperation and serving enterprises.

Theplan also suggests the Government and PM direct the State Bank of Vietnam, the FinanceMinistry, ministries and agencies concerned work closely together to directfiscal and monetary policies to meet set targets, continue building synchronouslegal regulations, strengthen macro-economic foundation, curb inflation, effectivelyuse resources and improve workforce quality, among others.

Accordingto economists, inflation was kept low this year at 2.79 percent, the lowest inthree years while economic growth reaching 7.02 percent, higher than the goalof 6.8 percent.

2019was the second consecutive year that the country completed all 12 targetsassigned by the legislature, five of them surpassed the target, they said.

Theyproposed that the government, ministries, agencies should speed up the buildingof legal foundation for sharing and digital economy, accelerate disbursement ofpublic investment and reform State-owned enterprises.

Intheir opinion, the government should continue unlocking capital market tomitigate credit risks, as well as loosen fiscal and monetary policies to propelgrowth./.