Socio-economic matters main topic at NA session on May 31

At a NA working session. (Photo: VNA)

Hanoi (VNA) – The National Assembly (NA)will spend the whole day of May 31 – the ninth working day of its fifth session– looking into supplementary assessments of the implementation of thesocio-economic development plan and State budget in 2022 and the first monthsof 2023.

The working session will be broadcast live ontelevision and radio channels.

According to the Government report submitted to the NA, Vietnam fulfilled13 out of 15 targets in 2022, with GDP growth of 8.02% (the initial reported figure was 8%), GDP per capita of 4,109USD (the initial figure was 4,075 USD), CPI growth of 3.15% (initially around 4%), and State budget collection of 1.81 quadrillion VND (77.07billion USD), 201.4 trillion VND higher than the figure reported to the legislature earlier.

The country posted export-import revenue of 371.3billion USD and ran a trade surplus of over 12.4 billion USD, also exceeding thenumbers reported earlier.

Illustrative image (Source: VNA)

Meanwhile, the GDP in the first quarter of this yearincreased by only 3.32%, lower than the 5.03% recorded in the corresponding time lastyear, and the average CPI rose 3.84% in the first four months.

In the four-month period, the State budgetcollection reached some 632.5 trillion VND, equivalent to 39% of the yearlyestimate, and the trade surplus stood at 7.56 billion USD, as compared with2.25 billion USD reported in the same period last year. The disbursement ofpublic investment was also up 15 trillion VND year-on-year.

The report pointed to difficulties in production andbusiness, especially in industry, construction and small-and medium-sizedenterprises, along with slower-than expected progress in administrative reform, and bottlenecksin the corporate bond and real estate markets in terms of liquidity and capitalflow.        

Besides, the roll-out of some policies undernational target programmes and the 2% interest rate subsidy package of thesocio-economic recovery and development programme remains sluggish.

The Government said it will consistently pursue thetargets of maintaining macro-economic stability, controlling inflation,spurring growth, ensuring major economic balances, stepping up the forecastwork to timely work out suitable policies, and continuing to drastically and effectively implementing the socio-economic recovery and development programme, focusing onthe growth engines of consumption, investment and export.

The Government will also intensify the building andperfection of institutions and raise the efficiency of law enforcement, andwork to complete the draft revised Land Law./.

VNA