Legislators debate socio-economic development, state budget
President Nguyen Xuan Phuc said at a group discussion on May 25 during the third session of the 15th National Assembly that the implementation of economic stimulus packages and public investment should be promoted to provide timely support for businesses and people.
At a group discussion of the third session of the 15th National Assembly. (Photo: VNA)
Hanoi (VNA) – President Nguyen Xuan Phucsaid at a group discussion on May 25 during the third session of the 15th National Assembly that the implementation of economic stimulus packages and public investment should be promoted to provide timely support for businesses and people.
Speaking at the group discussion on supplementaryassessments of the implementation of the socio-economic development plans andthe state budget in 2021 and the first months of 2022, Phuc also stressed social issues thatneed special attention, especially education, child abuse, drowning and schoolviolence.
He pointed to challenges to the national economy inthe time ahead such as inflation, impacts of the soaring global energy pricesand stock market volatility which requires supportive measures to stay stable.
The President recognised the encouraging economic indices in the first five months of 2022, but warned against complacency.
He said the Resolution adopted at the 13th National Party Congress sets specific targets by 2025, 2030 and 2045, with continuously high growth. Therefore, it requires strong, drastic measures to reach the targets.
Legislators shared the view that despite unprecedenteddifficulties caused by COVID-19, the country’s socio-economicdevelopment still saw good signs last year, with gross domestic product (GDP) up 5.22percent in the last quarter and 2.58 percent for the whole year.
Seven out of 12 socio-economic targets were achieved,the macro economy was kept stable and the consumer price index (CPI) inched uponly 1.84 percent, they said.
They attributed the results to the leadership and instructionof the Party, the legislature and the government who have taken sound andtimely decisions and policies to mobilise the strength of the entire political system,and the support of people, businesses and international community.
The deputies highlighted the transition from the COVID-19prevention and control strategy to the safe and flexible adaptation to andeffective control of the pandemic.
In his group's discussion, NA Chairman Vuong Dinh Huesaid the annual growth target of 6.5-7 percent until 2025 as specified in the 13th National Party Congress' resolutionand 8-8.5 percent set by the legislature this year remains a big challenge.
NA Chairman Vuong Dinh Hue said the annual growth target of 6.5-7 percent until 2025 remains a big challenge.(Photo: VNA)
Only over 70 percent of public investment and 32.85percent of official development assistance (ODA) was disbursed last year.Notably, the economic recovery and development programme worth some 340trillion VND (14.65 billion USD) has not yet been implemented, while it will become invalid after 2023.
He emphasised the need to figure out reasons behind the outstanding problemsin the disbursement work during economic recovery and development, especiallyin health care and education.
Many deputies voiced the view that consistentpolicies on economic reopening are needed in order not to miss out on opportunities, along with more breakthroughmeasures to recover strongly. /.
The National Assembly (NA) Standing Committee’s 11th session continued on May 11, discussing reports that assess the implementation of socio-economic development and State budget works in 2021 and in early months of 2022.
The Green Economy Forum and Exhibition (GEFE 2022) is scheduled to take place from November 28-30 in Ho Chi Minh City, with conferences, exhibitions and dialogues, the European Chamber of Commerce in Vietnam (EuroCham) announced on May 24.
Continuing the working agenda of the 15th National Assembly (NA)’s third session, deputies on May 25 morning discussed in groups the supplementary assessment of the implementation of the socio-economic development plans and the state budget in 2021 and in the first months of 2022, the 2020 State budget balance, and the practice of thrift and wastefulness prevention in 2021.
Prime Minister Pham Minh Chinh, who is also a Politburo member and Secretary of the Government Party Committee, attended the 4th Party Congress of the EVN Party Organisation for the 2025–2030 tenure on August 10, directing EVN to ensure power supply to meet the country’s development demands with double-digit growth set for the coming years.
Party General Secretary To Lam and his spouse Ngo Phuong Ly, along with a high-ranking delegation of Vietnam arrived in Seongnam Air Base in Seoul on August 10 afternoon (local time), beginning a state visit to the Republic of Korea from August 10-13.
General Secretary of the Communist Party of Vietnam Central Committee To Lam and his spouse Ngo Phuong Ly departed from Hanoi on August 10 morning for a four-day state visit to the Republic of Korea (RoK), which is made at an invitation of RoK President Lee Jae Myung.
As part of the ASEAN Day celebrations, the Vietnamese embassy will also host the ASEAN Family Day 2025 in Ottawa to foster solidarity and community spirit among ASEAN members in Canada.
State President Luong Cuong’s trip once again reaffirmed the Party and State’s foreign policy of independence, self-reliance, diversification and multilateralisation of relations. It also reflected the strong trend of enhanced cooperation among countries of the Global South in shaping a new, more multipolar, fair and equitable world order.
The outcomes of Party General Secretary To Lam's visit will serve as a driving force and source of inspiration for the two countries to inherit, promote, and elevate their Comprehensive Strategic Partnership, contributing to the national construction and development cause in each country, and to peace, cooperation, and development in the region and the world.
Prime Minister Pham Minh Chinh on August 9 inspected the construction site of the new Phong Chau bridge, and surveyed a planned route for the Lao Cai – Hanoi – Hai Phong railway section running through the northern province of Phu Tho.
Across print, broadcast, and online platforms, Angolan media portrayed State President Luong Cuong's visit as a warm and historic occasion, strengthening bilateral ties and boosting Vietnam’s presence in Africa through the AU.
The 500kV Lao Cai – Vinh Yen power transmission line has a total investment of over 7.41 trillion VND (282.5 million USD), and a total length of 229.5 km, passing through 31 communes in the two provinces, and comprising 468 transmission tower foundations.
The visits reflected the elevated position of Vietnam’s foreign policy in the new era—aimed at not only advancing ties with key regional partners like Egypt and Angola but also delivering a strategic message about Vietnam’s commitment to deepening relations with African nations as a whole.
At their talks and meetings, President Cuong and Angola’s top leaders affirmed that the close brotherhood and traditional friendship are a valuable shared asset and a solid foundation for the two nations to advance into a new phase of development.
The ruling People’s Movement for the Liberation of Angola (MPLA) attaches great importance to the friendship, solidarity, and comradeship with the Communist Party of Vietnam, and voiced her Party’s wish to further deepen and expand relations between the two sides for the benefit of the Vietnamese and Angolan people.
Vietnam pledges to do its utmost to build an ASEAN of solidarity, consensus, and unity in diversity, and to foster a fast and sustainable development path for ASEAN, grounded in science, technology, and innovation, said Prime Minister Pham Minh Chinh.
Party General Secretary To Lam called on the criminal police force to accelerate the application of science, technology, artificial intelligence, and digital transformation in criminal investigation tasks such as crime prevention, detection, tracking and verification, ensuring that no area remains out of their reach.
Many Koreans living, studying, and working in Hanoi see the upcoming state visit to the Republic of Korea (RoK) by Party General Secretary To Lam as an opportunity to generate strong synergy in economic cooperation, people-to-people exchanges, and cultural understanding.
The achievements of the five decades of Vietnam–Angola cooperation provide a strong and enduring foundation, as well as momentum for the two sides to consolidate, expand, and bring their partnership into a new phase of development.
Prime Minister Pham Minh Chinh stressed that the emulation and commendation work is a vital driver, fostering patriotism, dedication, and collective momentum in the run-up to the 11th National Patriotic Emulation Congress, Party congresses at all levels, and the 14th National Party Congress.
Emphasising the need for sustainable, long-term collaboration, National Assembly Chairman Tran Thanh Man called on Japanese investors not only to bring in capital but also to share expertise and modern technology, especially in areas such as green transformation, the circular economy, and advanced corporate governance.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
At a group discussion of the third session of the 15th National Assembly. (Photo: VNA) 
NA Chairman Vuong Dinh Hue said the annual growth target of 6.5-7 percent until 2025 remains a big challenge.(Photo: VNA) 
