Socio-economic recovery remains top priority of NA’s third session

(VOVWORLD) - The National Assembly on Wednesday discussed implementation of the socio-economic development plan and state budget for last year and the first months of 2022.
Socio-economic recovery remains top priority of NA’s third session - ảnh 1An overview of the NA’s third session on June 1st, 2022 (Photo: VNA)

Party and government leaders attended the discussion, which was broadcast live on radio and television.

Deputies praised the guidelines, policies, and solutions for socio-economic recovery and development, which they said have been promulgated in a timely manner. They made further recommendations and proposed more solutions for a sustainable economic recovery. The success of the 31st SEA Games, they said, showed that Vietnam has confidently reopened to the world since the COVID-19 pandemic.

Deputy Tran Hoang Ngan, who represents HCMC, called on the government “to  develop solutions for the short, medium, and long term in response to various scenarios with special attention to two important variables – petrol and food prices. The top priorities should be macro-economic stabilization, inflation control, and social security.”

He added, “The government should soon submit to the National Assembly and the NA Standing Committee a plan to reduce the environmental protection tax, the special consumption tax, and value-added taxes on commodities, particularly petroleum. This is needed to reduce business costs, strengthen price controls, discourage speculation, and stabilize prices in localities, industrial parks and export processing zones.”

The NA said the government should accelerate the development of the mechanical industry, the materials industry, the support industry, and the digital economy, and invest more in the agricultural sector. This is Vietnam’s strength with countries around the world now facing a food crisis.

Deputy Nguyen Thi Yen of Ba Ria-Vung Tau urged the government to speed up its socio-economic recovery and development program and national target programs to control inflation and balance the economy.

Deputy Phan Thai Binh of Quang Nam province noted that Vietnam’s capital and stock markets have seen remarkable growth in recent years.

But to stabilize them and keep them healthy, Binh said the NA and the Government should complete a land and tax framework which pegs land price to market price under the Land Law.

The Ministry of Finance and the General Department of Taxation should create clear measures to prevent tax loss from trading or transferring real estate.



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