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3. Strengthen the capacity and independence for the State Bank: according to reviews of the experts present, the State Bank of Vietnam is not competent enough and policy tools, and review any management structure to be able to operate as a Central Bank. Therefore, the Harvard University economist recommended the Government should plan to reorganize the State Bank in the direction of strengthening independence (especially the independence of the target and tools) and the ability to use the tools of monetary policy in a modern market economy. This requires the suggestions and advice of experts of central banks, including some Governors of central banks in the region and a number of international technical experts had worked in South East Asia, despite the hiring of foreign experts is quite expensive but still a lot cheaper than the price to pay when building a bank Central without the guidance of experienced professionals. To avoid conflict of interest and to ensure security and master policy when hiring foreign experts, the Government of Vietnam should themselves choose and pay for experts, not should rely on funding of international organizations.4. control public investment: according to experts, poor investment performance is one of the causes of inflation. The Government has approved a list of investment projects in the ambitious work from now until 2015 with a total estimated capital of up to 70 billion dollars. To ensure this giant capital amount is used effectively, the Government should carefully analyze the current public investment program, including the investment of State-owned enterprises from which to build the list of priority investment projects pursuant to objective knowledge of economic efficiency. Also need to build the standby in the event of bad situations to be able to suspend or cut right in a number of projects when macroeconomic conditions became more difficult. Besides, it should also control the project of commercial loans on the international financial markets of corporations, the State, businesses or public investment projects. Perform due diligence activities and audit independent public investment, then publicly information about the evaluation and audit.
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