(VOVworld)- The National Assembly on Thursday continued discussion about socio-economic development with responses from Deputy Prime Minister Vu Van Ninh and several ministers. State Bank of Vietnam Governor Nguyen Van Binh said that 284 trillion dong of bad debts have been restructured within the banking sector, representing one-tenth of all outstanding loans. Answering deputies’ queries on capital mobilization for economic growth, the governor said that he preferred demand stimulus solutions to interest rate tools. He added that lending interest rates need to be further reduced to boost production. Minister of Planning and Investment Bui Quang Vinh comments on economic restructuring process: “The Ministry has submitted to the government a directive defining tasks for specific provinces and ministries in economic restructuring. The Prime Minister has endorsed most of plans to restructure state owned enterprises. Economic groups subject to restructuring are finalizing their proposals on new operational models. More than 96% of public debt has been prioritized to avoid unconcentrated investment.” Deputy Prime Minister Vu Van Ninh praised the government’s efforts to finance poverty reduction programs:  “The government has offered additional support to farmers in rice growing regions. Credits have been granted to rice and tra fish industries at low interest rates. Poor people have benefited from social insurance subsidies. Further credit will be given to fishermen to build vessels from 90 to 1000 horse power.”

Deputy National Assembly chairwoman Nguyen Thi Kim Ngan concluded the discussion by asking the government to initiate appropriate solutions to ensure socio welfare and resolve economic issues.