Minister of Finance Dinh Tien Dung speaks at the session (Photo: VNA)
Hanoi (VNA) – A number of eco🌃nomic matters were debated at the ongoing second session of the 14th National Assembly in Hanoi on November 1.
In the morning, deputies discussed a five-year financial plan; goals and orientations for the mobilisation and use of loans as well as public debt management for 2016-2020; and the medium-term public investment plan for 2016-2020.
They proposed measures to restructure the State budget by increasing budget collection and reducing spending to curb public debt, while providing capital for prioritised projects which are aimed at ensuring sustainable development and benefiting mountainous, border, sea, island, and ethnic minority-inhabited areas.
The legislators stressed the need to set up a standby capital fund to address consequences of natural disasters and climate change in the drought and flood-prone areas.
They also held that it is necessary to forecast unfavourable impacts on the State budget collection and expenditure such as economic growth, global crude oil prices, and inflation index.
In the afternoon, the lawmakers deliberated the outcome of implementing the State budget in 2016 along with the State budget estimates and the central budget allocation blueprint in 2017.
Minister of Finance Dinh Tien Dung and Minister of Planning and Investment Nguyen Chi Dung cleared up a number of issues raised by the deputies.
On November 2, the National Assembly will focus discussions on a plan to restructure the economy in 2016-2020 and socio-economic development blueprints in 2016 and 2017.-VNA
NA deputies stressed the need to clarify responsibility in the management and use of public asset during their group discussion on the draft revised law on managing and using State asset on Oct 31.
National Assembly deputies on November 1 discussed a five-year financial plan, orientations for the mobilisation and use of capital as well as the management of public debt in 2016-2020.
Minister of Finance Nguyen Van Thang cleared up deputies' concern regarding how to spur socio-economic growth, renew traditional growth motives and establish new momentum for development.
Vietnam proposed several priorities: narrowing the digital divide, strengthening women’s leadership in the digital economy and AI governance, and mobilising sustainable financing for gender equality initiatives in line with each country’s national priorities and context. Vietnam also advocated for genuine women’s participation and leadership across all areas of public life.
Ha expressed his hope that cooperation in science and technology, agriculture, and natural resources would emerge as new focal points and engines of growth in Vietnam–China relations.
Giang said he believes that building on the solid foundation nurtured over the past half-century and the strong determination of both nations, the Comprehensive Strategic Partnership will continue to grow in a more robust, comprehensive, and extensive manner, thus bringing more practical benefits to the two nations' people.
Highlighting the transformative potential of the draft law in revitalising Vietnam’s railway industry, Hoang Van Cuong, a deputy of Hanoi, expressed his support for Article 39, which empowers the Prime Minister to issue a list of railway-related goods and services to be assigned or ordered from domestic enterprises for production.
According to the Ministry of Public Security, Hoan, formerly Deputy Minister of Labour, Invalids and Social Affairs, is under investigation for allegedly taking bribes in connection with a case involving the Hoang Long Construction and Manpower Supply JSC and related units.
Chairing a national conference on the organisation of the examination on June 18, the PM highlighted the historical significance of the examination, as the restructuring of provincial-level administrative units is underway and the two-tier local administration model is set to officially begin operations on July 1.
Right on the same day, the ministry issued its highest-level travel warning, urging Vietnamese citizens not to travel to Israel or Iran, and advised those already in these countries to swiftly consider evacuation or relocation plans.
From the struggles against colonialists and imperialists to the period of Doi moi (renewal) and international integration, the Vietnamese revolutionary press has always played a pioneering role on the ideological and cultural front, he said.
The Party leader's working session with the standing boards of the Party Committees of HCM City, Ba Ria – Vung Tau and Binh Duong, the VNA General Director's remarks on the occasion of the 19th OANA General Assembly, the launch of new NIC - Google initiatives aimed at bolstering AI entrepreneurship and digital literacy in Vietnam are among news highlights June 18.
Vietnam and Indonesia reaffirmed their commitment to strengthening cooperation in combating terrorism as it remains a threat to peace, security, and stability across their respective nations, the broader region, and the international community.
The Vietnamese representative also emphasised the shared responsibility of relevant parties to build trust, enhance cooperation, and jointly manage the risks of conflict, thus safeguarding long-term peace and stability in the East Sea.
The National Assembly on June 18 passed the law amending and supplementing a number of articles of the Law on Product and Goods Quality, with 408 out of 420 participating deputies voting in favour, accounting for 85.36% of the total.
The Party leader asked the new HCM City to embrace a multi-centre and integrated urban ecosystem where each development pole functions as a link complementary to and intelligently connected with each other in a harmonious whole.
The resolutions issued by the PM as well as ministries and ministry-level agencies reassign responsibility for 346 administrative procedures - 18 from district to provincial levels, 278 to commune level, and 50 eliminated.
Legislators are due to pass several amended laws, including the Law amending and supplementing several articles of the Law on Economical and Efficient Use of Energy, and the Law amending and supplementing several articles of the Law on Product and Goods Quality.
Vietnamese localities' readiness to implement the two-tier local administration model, the evacuation of 18 Vietnamese citizens from Iran, Petrovietnam's 11th ranking in the 2025 Fortune Southeast Asia 500 are among news highlights on June 17 evening.
The General Secretary underlined the resolve to achieve a growth rate of at least 8% in 2025, laying the groundwork for double-digit growth in the following period. He noted that these are mandatory targets, with no alternative path to success.
Minister of Finance Dinh Tien Dung speaks at the session (Photo: VNA)
