Workshop highlights solutions to unlock financial resources for economic growth

Experts discussed solutions to unlock financial resources for socio-economic development in the new context at a workshop held in Hanoi on August 23.

The workshop was co-organized by the VnEconomy/Vietnam Economic Times and the Party Central Committee’s Economic Commission.

The event is part of activities held to consult relevant parties and experts in building the master plan reviewing the five year implementation of the Politburo's Resolution No. 39-NQ/TW on improving the management efficiency, exploitation, use and promotion of resources of the economy.

The workshop reviewed the ability to fulfill the financial targets set by the resolution such as maintaining the national financial security, ensuring a positive budget balance and reducing government deficit ratios, and ensuring that public debt does not exceed public debt and foreign debt caps.

Participants also reviewed the implementation of tasks set by the resolution, particularly tasks relating to amending, supplementing and completing laws, mechanisms and policies to unlock and improve the efficiency of using existing resources.

Additionally, participants discussed the limitations and causes in implementing the resolution on financial resources in areas such as State budget, financial market, stock market, national reserve, insurance market and management of public assets.

A highlight of the workshop was a discussion about green finance, which is an important component in Vietnam's sustainable development strategy. Participants discussed the green credit market, green bonds, and the carbon credit market and recommended specific solutions to promote the provision of green capital to support sustainable economic-social development.