Vietnam PM 'sorry' for economic policy
on 22/10/2012 07:32:32
Nguyen Tan Dung was publicly rebuked last week by the Communist Party following a meeting of its central committee.
Some reports suggested that he had survived a leadership challenge.
The growth of Vietnam's once-booming economy has slowed to around 5% this year. It has been dragged down by debt-ridden banks and inefficient state-owned enterprises.
Mr Dung told the national assembly today he takes personal responsibility for heavy losses run up by Vinashin and Vinalines, two state-owned shipping sector companies.
He pledged that reforms aimed at cutting those and other state-owned companies down to size will speed up in 2013. Mr Dung predicts growth of 5.5% next year.