Restructuring of the Nation’s Economy for Growth and Development

Restructuring the national economy for the purpose of growth and development impart play a decisive role in service of process the nation achieve steady and sustainable growth. According to economists, restructuring the fruit categories should focus on giving priority to core products and avoiding failures do by other sectors, such as the automobile industry. The miss of viable reinforcer industries has led to a low destiny of domestic inputs. Vietnam does not yet have good support industries for its key export items, such as garments and textiles. The solid ground require to develop support industries for core products in the future. Currently, the industrial sector does not have close links with the uncouth sector. country has to import most inputs for the agricultural sector, such as agricultural materials and machines. This is a huge loss for the industrial sector as it cannot build large rural areas into its domestic consumption market. Regarding the agricultural sectors outputs, Head of the Institute of Strategy and constitution for Agriculture and Rural Development, says that half of nations annual agricultural produce is exported but about 90 per centum of them are raw products without trademarks.

If the country applies new technology for impact coffee, rice and rubber, it will create a modern touch industry and agricultural outputs will become a ordained factor in The Head of the countrys frugal Institution, Tran Dinh Thien, says that the country should basically change its domestic production construction to focus on higher added value industries. There should be a long term strategy of 5-10 years to multifariousness a national economic structure with such industries as its backbone. There should in like manner be a transition breaker point (2011-2013) before changing to the new development model. The renovation should slip away in every aspect of the economy. The premises for economic restructuring should also be considered, including forming a comprehensive mechanism for the market... If you want to build up a full essay, order it on our website: Ordercustompaper.com

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