Growth must go with macro-economic stability: deputies

Growth must go with macro-economic stability: deputies (Source:VNA)

Hanoi (VNA) – Deputies highlighted the Government’s determination to ensure macro-economy stability and sustainable economic growth on the fringe of the first session of the 14 th National Assembly.

Deputy Le Quan from Hanoi said bettering the State control over spending for public investment as well as the economic growth speed and quality is needed to cope with any possible changes.

He recommended keeping this year’s economic growth at a reasonable level of 6-6.3 percent instead of 6.7 percent as targeted, and adjusting the interest rate more flexibly to facilitate business development.

The Government’s Resolution No.19 on improving the business environment, increasing national competitivness in 2016-2017 and with orientations towards 2020 along with Resolution No.35 on supporting and developing businesses till 2030 have created a new spirit in the business community, he said.

He called for speeding up economic restructuring to create more opportunities for small-and medium-sized enterprises to access financial resources and overcome capital, technical and legal barrie rs.

Hoang Van Cuong, another deputy from Hanoi, emphasised the need to push the equitisation and restructuring of State-owned businesses.

He proposed the Government strictly handle ineffective public investment projects and clarify responsibilities of individuals and organisations involved.

Deputy Vu Tien Loc from Thai Binh pointed to an array of difficulties facing the economy such as high budget deficit, increasing public debt, and unpragmatic credit growth figures.

The Government has sent clear messages and launched concrete plans to reform administrative procedures, but many ministries, agencies and localities have not yet implemented them effectively, he noted.

He proposed the National Assembly devise a programme to supervise the improvement of the business and investment environment.-VNA