Legislators discussed in group the implementation of the socioeconomic development plan and State budget in the first months of 2023, and thrift practice in 2022, on May 25 – the fourth day of the fifth session of the 15th National Assembly.
Legislators discussed in group the implementation of the socioeconomic development plan and State budget in the first months of 2023. (Photo: VNA)
Hanoi (VNA) – Legislators discussed ingroup the implementation of the socioeconomic development plan and Statebudget in the first months of 2023, and thrift practice in 2022, on May 25 – the fourth day of the fifth session of the 15th National Assembly.
Most of them shared the view that thanks to sound and timely policies adopted by the Party, the National Assembly and the Governmentin 2022, the national economy recovered impressively with a growth rate of upto 8.02%, the highest as compared with other members of the Association ofSoutheast Asian Nations (ASEAN) and neighbouring China, and GDP per capita of4,109 USD, up 393 USD from 2021.
The lawmakers also noted their concern overdecreases in Total Factor Productivity (TFP), Information and CommunicationTechnology (ICT)’s asset contributions to national growth, and EnvironmentalPerformance Index (EPI).
Many suggested the Government take strongeractions to remove bottlenecks in order to achieve socioeconomic targets set forthis year, stressing that the growth rate should stand from 7.5% to 8% in theremaining quarters.
Some held that given external difficulties, intrinsic force should be unleashed, and that growth engines can be found right at home.
The same day, the legislature holds group discussions on the approval of State budget in 2021. (Photo: VNA)
The same day, the legislature held group discussionson the approval of State budget in 2021, the adjustment of investment policy ofthe Ka Pet Reservoir Project in Ham Thuan Nam district in the south-centralprovince of Binh Thuan, and a decision on investment policy of a traffic roadproject from National Highway 27C to Provincial Road 656 from central Khanh Hoaprovince to the Central Highlands province of Lam Dong and the coastal central provinceof Ninh Thuan.
They also scrutinised the assignment of lists andcapital for tasks and projects under the Socioeconomic Development andRecovery Programme; the assignment, adjustment and supplementation of the medium-termplan on public investment from the central budget for the 2021-2025 period; thefurther application of the 2% reduction in the value added tax (VAT) inaccordance with Resolution No. 43/2022/QH15 dated January 11, 2022; and thepolicy of additional investment in charter capital for the Bank for Agricultureand Rural Development of Vietnam./.
On the sidelines of the 15th National Assembly’s ongoing fifth plenary session, deputies stressed the need to maintain a cap on airfares, as the legislature plans to discuss different opinions of the draft Law on Price (amended) on May 23 afternoon.
The 15th National Assembly (NA)’s fifth session entered the third working day in Hanoi on May 24 under the chair of NA Chairman Vuong Dinh Hue, which was televised on the NA Television's channel.
National Assembly (NA) deputies will, on May 25 morning, discuss in group a report on supplementary assessments on outcomes of the socio-economic development and State budget plans in 2022 and the implementation of such plans for the first months of this year, during its ongoing fifth plenary session.
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.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
Legislators discussed in group the implementation of the socioeconomic development plan and State budget in the first months of 2023. (Photo: VNA) 
The same day, the legislature holds group discussions on the approval of State budget in 2021. (Photo: VNA) 
