NA deputies sitting for the second session of the 14th National Assembly (Source: VNA) Hanoi (VNA) – Resources should be invested in strategic targets to meet requirements of economic restructuring and maintain a suitable growth in the future, a NA deputy has said.
Talking to reporters on the sidelines of the ongoing second session of the 14th National Assembly in Hanoi on November 3, deputy Mai Thi Anh Tuyet from the Mekong Delta province of An Giang stressed the need to consider carefully what are strategic targets in order to promote investment efficiency and increase added value for the national economy.
“If we do this way, the public debt or budget overspending can be managed better,” she noted.
Sharing Tuyet’s opinion, deputy Bui Si Loi from the central province of Thanh Hoa said, for Vietnam- a developing country with backward infrastructure that is accelerating its economic restructuring, especially in agriculture and rural areas, the borrowing and overspending are necessary.
It is necessary to focus resources on right targets, towards reducing the incremental capital output ratio (ICOR) to ensure effective investment, he added.
He raised his opinion that investment should be focused on building infrastructure for socio-economic development in remote, mountainous, and ethnic minority inhabited areas, thus soon realising the goals of the national target programmes on new-style rural area building and sustainable poverty reduction.
Economic development must be linked with social progress and equality, he noted.-VNA
