Central Economics Committee to be reestablished

The reestablishment of the Central Economics Committee is one of the key important socio-economic policies that were agreed upon at the 6th meeting of the Central Committee of the Communist Party of Vietnam that concluded on Monday.

There used to be a Central Economics Committee that functioned as a counselor for the Central Committee of the Communist Party, especially the Politburo and the Secretariat.

But the committee was later merged under the Resolution No.4 with the Party's Central Office to become an Economics Agency under the office.

The Economics Agency has since fulfilled many tasks, but due to a personnel shortage, it failed to appropriately carry out the duty of counseling the government in terms of economics, said Nguyen Viet Thong, general secretary of the Central Council of Theory.

“Hence, it has become necessary to reestablish the Central Economics Committee, and one of the main reasons for this is to enable the committee to better function as a counselor, which a unit at the agency level is unable to do,” he told Tuoi Tre in a Wednesday interview.

Asked how the new committee will be different from its predecessor, Thong said there has yet to be any official information, as the reestablishment is currently just a policy.

“The detailed functions and duties of the committee should be approved by the Politburo,” he said.

tuoitre

>   Lawmakers express concern over economy (17/10/2012)

>   Enterprises to explore Indian market (17/10/2012)

>   Enterprises optimistic despite global turmoil (16/10/2012)

>   Companies invest ahead of Tet (16/10/2012)

>   PM Dung sets deadline to repay outstanding infrastructure debts (16/10/2012)

>   Entrepeneurs tighten ties with Laos (15/10/2012)

>   President applauds growing role of nation's enterpreneurs (15/10/2012)

>   The “ASEAN + 1” worry (13/10/2012)

>   Business climate draws investors from S Korea (13/10/2012)

>   High prices in City curb retail demand (12/10/2012)