Politics

NA-devised solutions expected to fuel economic growth

Many legislators have expressed their hope that solutions to be devised at the ongoing fifth session of the 15th National Assembly (NA), opened on May 22 morning, will soon tackle difficulties to regain growth momentum for the economy to reach this year’s targets and create favourable conditions for the coming years.
NA-devised solutions expected to fuel economic growth ảnh 1NA Chairman Vuong Dinh Hue (centre) and the vice chairmen at the opening plenum of the fifth session on May 22 (Photo: VNA)
Hanoi (VNA) – Many legislatorshave expressed their hope that solutions to be devised at the ongoing fifth session ofthe 15th National Assembly (NA), opened on May 22 morning, will soon tackle difficulties to regain growth momentum for the economy to reach thisyear’s targets and create favourable conditions for the coming years.

Talking to the press on the fringeof the session, deputy Hoang Van Cuong of Hanoi said the Vietnamese economy hasbeen suffering from impacts of both the global economic situation and internalproblems. It reached the growth target of the first quarter but is “seriouslyweak”, making it hard to achieve the target for the whole year.

Therefore, in this session, the NAshould seek solutions to internal problems to regain growth momentum so thatthe economy can achieve the target for 2023 and continue developing in thefollowing years, he opined.

NA-devised solutions expected to fuel economic growth ảnh 2Deputy Hoang Van Cuong of Hanoi (Photo: VNA)
The legislator highlighted the importance of the draft revised Land Law, which wasdiscussed at the previous session and will be considered further at this one. During the two sittings’ interval, the parliament also collected opinionsfrom the public, including organisations and experts.

The move is hoped to help with perfecting the draft so that it can be approvedthis October and win high consensus from the public, thus creatingfundamental changes to land management and addressing outstanding problems,Cuong noted.

Deputy Ta Van Ha of the centralprovince of Quang Nam said that as there are a large number of otherlaws related to the Land Law, aside from amending this law, the parliament willalso have to revise others to ensure consistency and early enforcement, adding that the draft revised Land Law has attracted feedback from over 12 million people.

The legislator shared the view thatthe fifth session is highly critical to the domestic socio-economicdevelopment amid regional and global economic volatility. The NA will assesseach aspect and work out suitable solutions and policies in order to boost the economic recovery and development and not miss opportunities to create more developmentresources.

NA-devised solutions expected to fuel economic growth ảnh 3Deputy Ta Van Ha of Quang Nam province (Photo: VNA)
The NA will also consider a resolution on special mechanisms for Ho Chi MinhCity, which is the largest economic hub of the country, Ha went on, adding thatinvesting in the city also means investing in development and will boost the economy of entire Vietnam.

Meanwhile, Deputy Nguyen Quang Huanfrom the southern province of Binh Duong said this session isexpected to release a resolution on socio-economic development in 2022 and thefirst months of 2023.

This is an issue of public concernbecause the economy grew 8.02% last year, but 2023 is predicted to be full ofdifficulties that Vietnam will have to surmount, he noted.

He also pointed out several draftlaws to be debated such as those on land, water resources, property business,and housing, all of which affect not only people’s life but also manysocio-economic aspects.

The fifth session will be held in two phases with a totalduration of 22 days, with the first from May 22 to June 10, and the second fromJune 19 to 23./.
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