MPI leader highlights principles for economic recovery solutions
The building of economic recovery solutions will depend on the development of COVID-19, the progress of vaccination and the capacity of supplying COVID-19 treatment medicine when the country switches to the new normal situation, said Minister of Planning and Investment Nguyen Chi Dung.
A corner of Ho Chi Minh City (Source: baodautu.vn)
Hanoi (VNA) – The building of economic recovery solutions will depend on the development of COVID-19, the progress of vaccination and the capacity of supplying COVID-19 treatment medicine when the country switches to the new normal situation, said Minister of Planning and Investment Nguyen Chi Dung.
Appearing before the National Assembly for a question-and-answer session on November 12, Minister Dung said that the measures will be built in an open direction, leaving room for making flexible adjustments to suit the reality's demands of needy groups in each specific point of time.
The measures should support the fast recovery in a short term, while being integrated into five-year and long-term strategies and plans, he said.
At the same time, such measures must ensure the completion of highest goals of macro-economic stability and major balances of the economy, and cover both demand and supply as well as other economic and social aspects. They should be tailored to suit the country's capacity of capital mobilisation and payment, and keep close control and supervision of implementation, said the official.
Minister of Planning and Investment Nguyen Chi Dung at the session (Photo: VNA)
At the session, he also answered many questions regarding the State budget resources for economic stimulation packages, public debt ceiling and over-expenditure.
As for solutions and scenarios to respond to complicated developments of COVID-19, manage risks and ensure macro-economic stability and major balances in the time to come, the minister said that the MPI is building two scenarios, one with recovery programme and one without, thus defining the levels of public debt, over-expenditure and inflation for each scenario.
The minister was of the view that we should be bolder in order to recover and boost economic development while ensuring safety in public debt and budget over-spending at the same time.
The most important thing is to keep a close watch on developments in prices and bad debts, and flexibility manage the supply of money to reduce pressure on inflation, and ensure the supply sources of materials, fuels and necessary goods, he stressed./.
The national strategy on green growth for 2021-2030, with a vision to 2050 plays a crucial role in promoting economic restructuring alongside growth model renovation, said Minister of Planning and Investment Nguyen Chi Dung.
Prime Minister Pham Minh Chinh and four ministers will go before the National Assembly (NA) for question-and-answer sessions at the next phase of the 15th NA’s second session, according to NA General Secretary and Chairman of the NA Office Bui Van Cuong.
Despite the challenges facing Vietnam in the fourth wave of COVID-19, many experts and businesses remain confident that the country’s economic outlook will become bright again soon.
Reform should be the top priority for Viet Nam in the 2021-2025 period, heard a workshop held by the Central Institute for Economic Management (CIEM) in Hanoi on October 29.
Legislators continued to question Government members regarding labour, invalids and social affairs, education-training, and planning and investment at a Q&A session on November 11, as part of the ongoing 11th sitting of the 15th National Assembly.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
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.
A corner of Ho Chi Minh City (Source: baodautu.vn) 
Minister of Planning and Investment Nguyen Chi Dung at the session (Photo: VNA) 
