NA discusses solutions for socio-economic development

Deputies praised the macro-economic growth which is higher than the set target despite economic difficulties around the globe. But the unsustainable growth remains Vietnam’s biggest challenge as it integrates internationally more deeply.

Several deputies called on the government to focus on restructuring in public investment, the banking system, and economic groups.

Thao Hong Son who represents Ha Giang province said,“The government should complete regional mater-planning based on which to make it easier for managing the entire economy, regions, and inter-regions. It’s essential to develop key economic zones to create a driving force for less developed areas.”

NA deputies asked the government to settle bad debts and cross-ownership among state groups and enterprises to the every root and re-allocate the resources for more effective use.

According to Bui Manh Hung, a deputy of Binh Phuoc province,“The government report should add a separate part which provides a comprehensive assessment and analysis on the management and use of social resources toward outlining specific policies on socio-economic management.

The NA should monitor the use of resources and state budget more tightly. I think the improvement of human resources and science and technology potential should go together with the efficient use of personnel. The increase of labor productivity should be considered a key for sustainable socio-economic development.”

Deputies also gave their opinions on measures to promote regional economic development and administrative reform; policies for science and technology application and development, business development of the private economic area, modernity-oriented industry and maritime-based economic development; and how to improve the quality of human resources and vocational training, among others.

During the meeting, they also debated the implementation of State budget plan in 2015, State budget estimates and allocation plans in 2016, and the issuance of Government bonds to international capital market.