The Government should set out a roadmap in order to ensure economic growth is stable, legislators said on the sidelines of the ongoing fourth sitting of the 14th National Assembly in Hanoi on October 31 (Source: VNA) Hanoi (VNA) - The Government should set out a roadmap in order toensure economic growth is stable, legislators said on the sidelines of the ongoingfourth sitting of the 14th National Assembly in Hanoi on October31.
Pham Van Hoa, a deputy from the Mekong Delta province of Dong Thap, said tomeet the growth target of 6.5-6.7 percent for 2018 set by the Government, it isnecessary to pay attention to quality and efficiency of the economy.
Both Hoa and Do Van Sinh, from the central province of Quang Tri, shared theview that the growth target is reasonable.
“An important task in 2018 is how to downsize the public sector, intensify theprivate sector and call for investments, including foreign investments, in alleconomic spheres,” Hoa said.
Sinh held that to develop the economy sustainably, apart from promoting thedevelopment of domestic businesses, it is a need to increase Vietnamese investmentsabroad.
Nguyen Ngoc Phuong, a deputy from the central province of Quang Binh,considered monitoring state projects the most drastic solution to dealing withpublic debts.
Investments must be channeled into priority areas, he said, stressing the needto double effort to fight corruption and wastefulness.
Talking about projects that have experienced losses for a long time, Hoa saidbusinesses unable to recover should be dissolved or frozen.
As part of the fourth sitting of the 14th NA, legislators have spenttwo and a half days to mull over the implementation of the socio-economicdevelopment plan and state budget in 2017, the socio-economic development andstate budget and allocate for 2018, and the state finance-budget plan during2018-2020.
During their discussions, the deputies pointed to illogical GDP growth rate,which dropped freely in the first months of this year and increased robustly inthe remaining months.
Pham Van Hoa, a deputy from the Mekong Delta province of Dong Thap, said tomeet the growth target of 6.5-6.7 percent for 2018 set by the Government, it isnecessary to pay attention to quality and efficiency of the economy.
Both Hoa and Do Van Sinh, from the central province of Quang Tri, shared theview that the growth target is reasonable.
“An important task in 2018 is how to downsize the public sector, intensify theprivate sector and call for investments, including foreign investments, in alleconomic spheres,” Hoa said.
Sinh held that to develop the economy sustainably, apart from promoting thedevelopment of domestic businesses, it is a need to increase Vietnamese investmentsabroad.
Nguyen Ngoc Phuong, a deputy from the central province of Quang Binh,considered monitoring state projects the most drastic solution to dealing withpublic debts.
Investments must be channeled into priority areas, he said, stressing the needto double effort to fight corruption and wastefulness.
Talking about projects that have experienced losses for a long time, Hoa saidbusinesses unable to recover should be dissolved or frozen.
As part of the fourth sitting of the 14th NA, legislators have spenttwo and a half days to mull over the implementation of the socio-economicdevelopment plan and state budget in 2017, the socio-economic development andstate budget and allocate for 2018, and the state finance-budget plan during2018-2020.
During their discussions, the deputies pointed to illogical GDP growth rate,which dropped freely in the first months of this year and increased robustly inthe remaining months.
Theysaid budget overspending remains high, public debt is near the ceiling rate andstate budget is forecast to fail to meet the mid-term target.
The lawmakers also expressed their concerns over foreign direct investment(FDI), saying despite making up 25 percent of the country’s total socialinvestments, more than 70 percent of its accumulated export turnover and halfof its industrial production value, the FDI sector contributed only 15-19percent to the state budget.
Against the backdrop, the lawmakers agreed that investments should be selected,prioritising sectors using cutting-edge, environmentally friendly technologies,having supply chains, and being ready to connect with local businesses. -VNA
The lawmakers also expressed their concerns over foreign direct investment(FDI), saying despite making up 25 percent of the country’s total socialinvestments, more than 70 percent of its accumulated export turnover and halfof its industrial production value, the FDI sector contributed only 15-19percent to the state budget.
Against the backdrop, the lawmakers agreed that investments should be selected,prioritising sectors using cutting-edge, environmentally friendly technologies,having supply chains, and being ready to connect with local businesses. -VNA
VNA
