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Legislators highlight internal growth engines

Legislators discussed in group the implementation of the socioeconomic development plan and State budget in the first months of 2023, and thrift practice in 2022, on May 25 – the fourth day of the fifth session of the 15th National Assembly.
Legislators highlight internal growth engines ảnh 1Legislators discussed in group the implementation of the socioeconomic development plan and State budget in the first months of 2023. (Photo: VNA)
Hanoi (VNA) – Legislators discussed ingroup the implementation of the socioeconomic development plan and Statebudget in the first months of 2023, and thrift practice in 2022, on May 25 – the fourth day of the fifth session of the 15th National Assembly.

Most of them shared the view that thanks to sound and timely policies adopted by the Party, the National Assembly and the Governmentin 2022, the national economy recovered impressively with a growth rate of upto 8.02%, the highest as compared with other members of the Association ofSoutheast Asian Nations (ASEAN) and neighbouring China, and GDP per capita of4,109 USD, up 393 USD from 2021.

The lawmakers also noted their concern overdecreases in Total Factor Productivity (TFP), Information and CommunicationTechnology (ICT)’s asset contributions to national growth, and EnvironmentalPerformance Index (EPI).

Many suggested the Government take strongeractions to remove bottlenecks in order to achieve socioeconomic targets set forthis year, stressing that the growth rate should stand from 7.5% to 8% in theremaining quarters.

Some held that given external difficulties, intrinsic force should be unleashed, and that growth engines can be found right at home.
Legislators highlight internal growth engines ảnh 2The same day, the legislature holds group discussions on the approval of State budget in 2021. (Photo: VNA)
The same day, the legislature held group discussionson the approval of State budget in 2021, the adjustment of investment policy ofthe Ka Pet Reservoir Project in Ham Thuan Nam district in the south-centralprovince of Binh Thuan, and a decision on investment policy of a traffic roadproject from National Highway 27C to Provincial Road 656 from central Khanh Hoaprovince to the Central Highlands province of Lam Dong and the coastal central provinceof Ninh Thuan.

They also scrutinised the assignment of lists andcapital for tasks and projects under the Socioeconomic Development andRecovery Programme; the assignment, adjustment and supplementation of the medium-termplan on public investment from the central budget for the 2021-2025 period; thefurther application of the 2% reduction in the value added tax (VAT) inaccordance with Resolution No. 43/2022/QH15 dated January 11, 2022; and thepolicy of additional investment in charter capital for the Bank for Agricultureand Rural Development of Vietnam./.
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