NA deputies discuss socio-economic development solutions

(VOVworld) – On Friday NA deputies discussed last year’s socio-economic performance and this year’s first four months, as well as solutions for future. They acknowledged the government’s efforts to overcome difficulties, noting that the macro-economy has seen positive changes while inflation has been kept under control. For the first time in a decade, the banking system saw high liquidity in the first 2 months of the year, and real estate inventory has decreased 28% from last year. But, there has been no significant change in the growth model and this is reflected in a 14.1% increase in export turnover in the first 4 months of the year, mostly in processed goods. The disbursement rate of the 1.4 million USD housing stimulus package reached 6.4% by March. NA deputies urged more drastic and comprehensive measures to reform the growth model, address businesses’ difficulties, and enhance the effectiveness of mechanisms and policies. Do Van Huong, a deputy from Ho Chi Minh City said: "I propose immediate reviews of state budget allocations to projects in 2014 and later. We need to apply austerity policies to conserve resources for economic development, and reform export markets targeting the EU and the US. We’d better invite larger countries to cooperate in oil and gas exploitation to make full use of any resources while ensuring national sovereignty."

NA deputies discuss socio-economic development solutions  - ảnh 1
Deputy PM Nguyen Xuan Phuc spoke at the NA meeting. Photo: internet 

Acknowledging important changes in the national program on new rural development, NA deputies agreed that the program’s sustainability has not been guaranteed. Deputy Nguyen Thi Nghia represents Hai Phong province: "We’ve noticed slow progress in the national rural development program with too much focus on infrastructure upgrading. It’s important to pay due attention to cultural development while improving the investment environment by changing the production methods and business models to help people become better-off sustainably."

They agreed that the government should devise timely measures to avoid wastefulness in human resources, reduce overlaps in poverty reduction, and increase investment in upgrading fishing vessels.

Later in the day, deputies will hear Minister of Finance Dinh Tien Dung report on the draft law on management and the use of the state budget in business activities.

NA deputies are scheduled to discuss the draft Law on foreigners entering, exiting, transiting, and residing in Vietnam.