Top legislator stresses importance of macro-economic stability at socio-economic forum
National Assembly (NA) Chairman Vuong Dinh Hue stressed the importance of maintaining macro-economic stability to strengthen the resilience of the economy while delivering a closing remark at the 2022 Socio-Economic Forum in Hanoi on September 18.
An overview of 2022 Socio-Economic Forum (Photo: VNA)
Hanoi (VNA) - National Assembly (NA) Chairman Vuong Dinh Huestressed the importance of maintaining macro-economic stability to strengthenthe resilience of the economy while delivering a closing remark at the 2022Socio-Economic Forum in Hanoi on September 18.
This is also the message that the first socio-economic forumwants to spread, he said.
Attention should be paid to credit structure and quality, Hue noted, addingthat it is necessary to continue addressing bad debt, restructuring the bankingsystem, handling banks with poor performances, and seeking measures to increasecapital for commercial banks, particularly State-own banks and those with State capital.
Markets such as stock, financial market, monetary, realestate market, goods and service markets are the "blood vessels" ofthe economy. Therefore, it is essential to take measures for them to circulateand develop healthily and sustainably, he emphasised.
National Assembly Chairman Vuong Dinh Hue (seventh from left) poses for a photo with other delegates to the forum (Photo: VNA)
Regarding long-term goals, the top legislator highlightedthe need to maintain economic restructuring, amending, supplementing andperfecting institutions, particularly the Land Law; and exert efforts to turnVietnam into a developing country with modern industry and upper middle incomeby 2030, and a developed and high-income country by 2045, as set in the 13th National Party Congress’s Resolution.
At the forum, participants agreed that the world’s quick digitaltransformation and green energy transition have created many opportunities, but also posed a lot of challenges and difficulties for Vietnam. However, in the contextof many countries facing high inflation and low growth, Vietnam has managed tomaintain low inflation and achieve high growth.
At a conservative estimate of the Ministry of Planning and Investment, Vietnammay achieve a growth rate of over 7% and keep inflation below 4% this year. The countrycan also reach 750 billion USD in import-export turnover, doubling the GDPscale.
They also raised concerns over negative impacts of climatechange and extreme weather. In Vietnam, in just eight months of 2022, climate changeand extreme weather caused losses of 6 trillion VND (253.3 million USD), 6.7times higher than that of the same period last year./.
The Vietnam Socio-Economic Forum 2022 will be held on September 18 to seek recommendations from experts in making decisions and policies in multiple key sectors, in an effort to boost socio-economic recovery and development, heard a press conference on September 15.
National Assembly (NA) Chairman Vuong Dinh Hue on September 17 inspected preparations for the Vietnam Socio-Economic Forum 2022 at the National Convention Centre in Hanoi.
The Vietnam Socio-Economic Forum 2022, themed “Reinforcing macro-economic foundation, promoting sustainable recovery and development”, opened in Hanoi on September 18.
A thematic session on accelerating institutional reform – perfecting land policy for socio-economic recovery and development, as part of the 2022 Vietnam Socio-Economic Forum, opened in Hanoi on September 18.
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.
An overview of 2022 Socio-Economic Forum (Photo: VNA) 
National Assembly Chairman Vuong Dinh Hue (seventh from left) poses for a photo with other delegates to the forum (Photo: VNA) 
