The National Assembly Standing Committee commenced its 28 th meeting on May 15 in Hanoi with a debate on the government’s report on the implementation of the socio-economic and state budget plan for 2013 and the goals for 2014.
NA Chairman Nguyen Sinh Hung said midst the tension currently seen inside and outside the country, it is crucial to comprehensively analyse all aspects of the national socio-economic situation and review external relations.
In 2013, the country fulfilled 10 out of the 15 targets set by the NA and closed in on three more. However, it fell short of targets to keep the state budget overspending rate in line with GDP and to significantly reduce poor households, according to the report.
Meanwhile, the country recorded its best performance in reining in inflation over the last decade, while GDP growth was higher than the previous year at 5.42 percent, it said.
The Government also reported that the country saw a year-on-year GDP growth rise of 4.96 percent in the first quarter of this year. The consumer price index in April increased slightly by 0.88 percent against December last year, resulting in a year-on-year rise of 4.73 percent rise in the first four months of this year.
The report also pointed out some shortcoming in the country’s economic development, including poor credit quality, bad debts and the inefficient execution of the 30 trillion VND (1.42 billion USD) housing package.
During the meeting, participants were concerned about the recent incidents caused by anti-China protests in some localities, damaging the property of foreign-invested enterprises and seriously affecting the implementation of the plan and the investment environment in Vietnam.
Unexpected developments in defence and security will pose strong impacts on the socio-economic results of the country, they said.
Some members of the committee proposed that the Government report should provide clearer analysis on how these security changes may impact the economy, thus being able to plan responsive measures, ensuring socio-economic development and maintaining the country’s favourable investment environment.
Some other members said the Government should design concrete and long-term solutions to cope with similar situations, maintaining the sustainable development of the country.
Sharing the opinion, NA Vice Chairman Uong Chu Luu said the Government report should stay updated with the current situation, including the defence-security developments, while properly assessing and forecasting the situation to the end of the year and following years, pointing out potential challenges to set suitable targets.
According to head of the NA People’s Ombudsmen Committee Nguyen Duc Hien, the report should design support policies to assist fishermen in maintaining their operation at sea, protecting the national sea and islands.
Concluding the first working day, NA Vice Chairwoman Nguyen Thi Kim Ngan urged relevant Government agencies to promptly update the report with the socio-economic situation in the first months of this year for review.
NA Chairman Nguyen Sinh Hung said midst the tension currently seen inside and outside the country, it is crucial to comprehensively analyse all aspects of the national socio-economic situation and review external relations.
In 2013, the country fulfilled 10 out of the 15 targets set by the NA and closed in on three more. However, it fell short of targets to keep the state budget overspending rate in line with GDP and to significantly reduce poor households, according to the report.
Meanwhile, the country recorded its best performance in reining in inflation over the last decade, while GDP growth was higher than the previous year at 5.42 percent, it said.
The Government also reported that the country saw a year-on-year GDP growth rise of 4.96 percent in the first quarter of this year. The consumer price index in April increased slightly by 0.88 percent against December last year, resulting in a year-on-year rise of 4.73 percent rise in the first four months of this year.
The report also pointed out some shortcoming in the country’s economic development, including poor credit quality, bad debts and the inefficient execution of the 30 trillion VND (1.42 billion USD) housing package.
During the meeting, participants were concerned about the recent incidents caused by anti-China protests in some localities, damaging the property of foreign-invested enterprises and seriously affecting the implementation of the plan and the investment environment in Vietnam.
Unexpected developments in defence and security will pose strong impacts on the socio-economic results of the country, they said.
Some members of the committee proposed that the Government report should provide clearer analysis on how these security changes may impact the economy, thus being able to plan responsive measures, ensuring socio-economic development and maintaining the country’s favourable investment environment.
Some other members said the Government should design concrete and long-term solutions to cope with similar situations, maintaining the sustainable development of the country.
Sharing the opinion, NA Vice Chairman Uong Chu Luu said the Government report should stay updated with the current situation, including the defence-security developments, while properly assessing and forecasting the situation to the end of the year and following years, pointing out potential challenges to set suitable targets.
According to head of the NA People’s Ombudsmen Committee Nguyen Duc Hien, the report should design support policies to assist fishermen in maintaining their operation at sea, protecting the national sea and islands.
Concluding the first working day, NA Vice Chairwoman Nguyen Thi Kim Ngan urged relevant Government agencies to promptly update the report with the socio-economic situation in the first months of this year for review.
