Socio-economic development under NA discussion

Most deputies agreed with the government’s report, which says Vietnam has been able to stabilize the macro-economy, achieve high economic growth, and ensure social security.

Vietnam’s GDP growth in 2015 was 6.68%, the highest in 5 years. 

Deputies recommended that the government focus economic restructuring on public investment, the banking system, economic groups, and agriculture.

They said priority should be given to foreign-invested sectors, agriculture and rural development, and remote and ethnic areas. Nguyen Lam Thanh, a deputy for Lang Son province said, “There should be more coordinated policies and solutions for national development over the next 5 years.

New mechanisms should be devised to reduce poverty, help disadvantaged and ethnic areas develop socially and economically, and narrow the development gap between regions and ethnic groups.”

A number of deputies advocated increasing regional economic connectivity and developing the private economic sector.

Vo Kim Cu, a deputy for Ha Tinh province, said: “Central agencies should continue to help private businesses and cooperatives with more incentives. Cooperatives play an important role in building new-style areas.

It is essential to develop a new model of cooperatives to achieve sustainable growth, encourage large-scale production, and increase regional connectivity. All communes should have their own cooperatives to boost local development.”

Deputies praised the government’s adjustments of land use plans to Vietnam’s current conditions.