An overview of 2022 Socio-Economic Forum (Photo: VNA) This is also the message that the first socio-economic forumwants to spread, he said.
Attention should be paid to credit structure and quality, Hue noted, addingthat it is necessary to continue addressing bad debt, restructuring the bankingsystem, handling banks with poor performances, and seeking measures to increasecapital for commercial banks, particularly State-own banks and those with State capital.
Markets such as stock, financial market, monetary, realestate market, goods and service markets are the "blood vessels" ofthe economy. Therefore, it is essential to take measures for them to circulateand develop healthily and sustainably, he emphasised.
National Assembly Chairman Vuong Dinh Hue (seventh from left) poses for a photo with other delegates to the forum (Photo: VNA) At the forum, participants agreed that the world’s quick digitaltransformation and green energy transition have created many opportunities, but also posed a lot of challenges and difficulties for Vietnam. However, in the contextof many countries facing high inflation and low growth, Vietnam has managed tomaintain low inflation and achieve high growth.
At a conservative estimate of the Ministry of Planning and Investment, Vietnammay achieve a growth rate of over 7% and keep inflation below 4% this year. The countrycan also reach 750 billion USD in import-export turnover, doubling the GDPscale.
They also raised concerns over negative impacts of climatechange and extreme weather. In Vietnam, in just eight months of 2022, climate changeand extreme weather caused losses of 6 trillion VND (253.3 million USD), 6.7times higher than that of the same period last year./.
VNA
