(VOVworld) – The government convened its monthly meeting for July in Hanoi on Wednesday. Cabinet members discussed the government report on socio-economic development in July and the last 7 months and the implementation of government resolution 1 on measures to achieve this year’s development targets and budget estimate.

Prime Minister Nguyen Tan Dung asked the ministers to focus their discussion on economic restructuring, GDP growth, the macro-economy, and removing difficulties for business production. He said that it was necessary to devise measures to increase demand and credit, settle bad debts and facilitate loans to stabilize the macro-economy. He also stressed the need to restructure the economy, state-owned enterprises and the banking system:

“It’s important to restructure public investment to increase effectiveness. We have given priority to medium-term investment. Equitization plays an important role in the restructuring of state-owned enterprises. The banking system must be restructured to boost the economy.”

The government leader also asked the relevant ministries and sectors to coordinate measures to ensure the safety of the more than 1,500 Vietnamese workers in Libya.