Hanoi (VNA) – TheVietnam Economic Forum 2021 on December 5, which spent much time on discussing fiscaland monetary policies, social welfare policies, and labour issues during economicrecovery and development, was a success, Chairman of the National Assembly Vuong Dinh Hue said in his closing remarks at the event. 

The forum, comprising a plenary session, a high-level roundtable talk, and two paneldiscussions, attracted great attention from society, domestic and foreign businesses, as well as the media.

The NA Chairman said participants in theevent, held both in person and via videoconference, scrutinised measures foreconomic recovery in the new normal, when Vietnam is moving to safely andflexibly adapt to and effectively control the COVD-19 pandemic.

The pandemic has taken aheavy toll on countries around the world, and Vietnam is not an exception. The country’sGDP has suffered from an estimated loss of 847 trillion VND (nearly 37 billionUSD), not to mention other damage, over the last two years.

In such a special context, itis necessary to have breakthrough solutions and mechanisms different from thosein normal conditions, Hue noted, underlining the need to support both aggregatesupply and aggregate demand, with more priority given to aggregate supply, andto harmoniously combine fiscal, monetary, and other macro-policies.

Delegates also shared theview on the necessity to issue support policies and carry out the socio-economicrecovery and development programme early, which will illustrate Vietnam’sstrong commitment to boosting reforms, people and businesses’ trust, and thecountry’s prestige in the eyes of the international community.

They held that policies shouldfocus on assisting important sectors and pandemic-hit businesses to revive,dealing with social welfare issues, improving the investment capacity, andlaunching bigger economic stimulus packages that target fast-growingindustries./.