Legislators debate four important issues

National Assembly Chairman Vuong Dinh Hue (centre) and NA Vice Chairmen at the session. (Photo: VNA)

Hanoi (VNA) – Deputies to the 15th National Assembly (NA) debated four draft documents and their verification reports on important issues of the national economy during the first day of their first extraordinary session on January 4.

The documents are on the fiscal and monetary policies to support the socio-economic recovery programme; an investment policy for the eastern wing of the North-South expressway in the 2021-2025 period; amendments and supplements to a number of articles of the Law on Public Investment, the Law on Public-Private Partnership, the Law on Investment, the Biding Law, the Electricity Law, the Enterprise Law, the Law on Special Consumption Tax, and the Law on Enforcement of Civil Judgments; and the piloting of several special policies and mechanisms for the development of Can Tho city.

National Assembly Chairman Vuong Dinh Hue addressing the opening of the session. (Photo: VNA)

Under a proposal on a draft resolution on the fiscal and monetary policies to support the socio-economic recovery programme, the Government suggested an additional overspending of the State budget of 240 trillion VND (10.54 billion USD) in two years of 2022-2023, with 102.8 trillion VND in 2022, raising it for the year to 5.08 percent of the GDP, 1.1 percent higher than the estimates approved by the NA.

Minister of Transport Nguyen Van The underlined the need to invest in the construction of the road, elaborating that the system, which plays a significant role in the country’s socio-economic development as well as security and defence, can be considered the most important corridor in the national transport infrastructure network. The eastern wing will have a total length of 2,063km, of which 478km have been put into operation, 829km invested, and 756km yet to be, he noted.

Minister of Planning and Investment Nguyen Chi Dung speaks at the session. (Photo: VNA)

Meanwhile, Minister of and Investment Nguyen Chi Dung highlighted that Can Tho is the centre of the Mekong Delta region, helping connect Vietnam with other countries in the Greater Mekong Sub-Region.

He said that with its location in the middle of the two most dynamic economic-urban corridors in the region – the Ho Chi Minh City-Can Tho and the Hau River (An Giang-Can Tho-Soc Trang), Can Tho city plays the role of an important transit centre for road, waterway, railway and aviation transport systems. It is also a locality of strategic importance in defence and security of the whole region.

As scheduled, on January 4 afternoon, the lawmakers will discuss in groups on the draft resolution on the fiscal and monetary policies to support the socio-economic recovery programme./.

VNA