Legislators debate socio-economic development, state budget
President Nguyen Xuan Phuc said at a group discussion on May 25 during the third session of the 15th National Assembly that the implementation of economic stimulus packages and public investment should be promoted to provide timely support for businesses and people.
At a group discussion of the third session of the 15th National Assembly. (Photo: VNA)
Hanoi (VNA) – President Nguyen Xuan Phucsaid at a group discussion on May 25 during the third session of the 15th National Assembly that the implementation of economic stimulus packages and public investment should be promoted to provide timely support for businesses and people.
Speaking at the group discussion on supplementaryassessments of the implementation of the socio-economic development plans andthe state budget in 2021 and the first months of 2022, Phuc also stressed social issues thatneed special attention, especially education, child abuse, drowning and schoolviolence.
He pointed to challenges to the national economy inthe time ahead such as inflation, impacts of the soaring global energy pricesand stock market volatility which requires supportive measures to stay stable.
The President recognised the encouraging economic indices in the first five months of 2022, but warned against complacency.
He said the Resolution adopted at the 13th National Party Congress sets specific targets by 2025, 2030 and 2045, with continuously high growth. Therefore, it requires strong, drastic measures to reach the targets.
Legislators shared the view that despite unprecedenteddifficulties caused by COVID-19, the country’s socio-economicdevelopment still saw good signs last year, with gross domestic product (GDP) up 5.22percent in the last quarter and 2.58 percent for the whole year.
Seven out of 12 socio-economic targets were achieved,the macro economy was kept stable and the consumer price index (CPI) inched uponly 1.84 percent, they said.
They attributed the results to the leadership and instructionof the Party, the legislature and the government who have taken sound andtimely decisions and policies to mobilise the strength of the entire political system,and the support of people, businesses and international community.
The deputies highlighted the transition from the COVID-19prevention and control strategy to the safe and flexible adaptation to andeffective control of the pandemic.
In his group's discussion, NA Chairman Vuong Dinh Huesaid the annual growth target of 6.5-7 percent until 2025 as specified in the 13th National Party Congress' resolutionand 8-8.5 percent set by the legislature this year remains a big challenge.
NA Chairman Vuong Dinh Hue said the annual growth target of 6.5-7 percent until 2025 remains a big challenge.(Photo: VNA)
Only over 70 percent of public investment and 32.85percent of official development assistance (ODA) was disbursed last year.Notably, the economic recovery and development programme worth some 340trillion VND (14.65 billion USD) has not yet been implemented, while it will become invalid after 2023.
He emphasised the need to figure out reasons behind the outstanding problemsin the disbursement work during economic recovery and development, especiallyin health care and education.
Many deputies voiced the view that consistentpolicies on economic reopening are needed in order not to miss out on opportunities, along with more breakthroughmeasures to recover strongly. /.
The National Assembly (NA) Standing Committee’s 11th session continued on May 11, discussing reports that assess the implementation of socio-economic development and State budget works in 2021 and in early months of 2022.
The Green Economy Forum and Exhibition (GEFE 2022) is scheduled to take place from November 28-30 in Ho Chi Minh City, with conferences, exhibitions and dialogues, the European Chamber of Commerce in Vietnam (EuroCham) announced on May 24.
Continuing the working agenda of the 15th National Assembly (NA)’s third session, deputies on May 25 morning discussed in groups the supplementary assessment of the implementation of the socio-economic development plans and the state budget in 2021 and in the first months of 2022, the 2020 State budget balance, and the practice of thrift and wastefulness prevention in 2021.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
The ministry has instructed Vietnamese representative agencies in Israel, Iran, as well as those in neighbouring countries, to closely monitor the situation and request local authorities to ensure absolute safety for Vietnamese citizens living, studying, and working in high-risk areas.
Senior Vietnamese leaders on June 19 sent letters of congratulations to New Zealand leaders on the occasion of the 50th founding anniversary of Vietnam – New Zealand diplomatic relations (June 19, 1975 – 2025).
The Party chief attributed the achievements in the first half to the continuous, direct, and comprehensive leadership of the Politburo and the Secretariat of the Party Central Committee, and the close and effective coordination of relevant ministries, sectors and localities.
General Nguyen Tan Cuong, Chief of the VPA’s General Staff and Deputy Minister of National Defence reaffirmed Vietnam’s unwavering gratitude for Cuba’s invaluable support during its struggle for independence and nation-building efforts, and pledged to stand shoulder-to-shoulder with Cuba as it navigates current challenges.
At a group discussion of the third session of the 15th National Assembly. (Photo: VNA) 
NA Chairman Vuong Dinh Hue said the annual growth target of 6.5-7 percent until 2025 remains a big challenge.(Photo: VNA) 
