Legislators discuss socio-economic situation

(VOVWORLD) - National Assembly deputies on Tuesday discussed socio-economic development and state budget this year and plans for next year. 
Legislators discuss socio-economic situation - ảnh 1 Lawmakers of Ho Chi Minh city in a group meeting on October 24, 2017.

They agreed with the government’s report and said they believe all 13 targets can be achieved this year. Several economic sectors have contributed to the overall growth. Vietnam hopes to achieve a GDP growth rate of 6.7% this year, and between 6.5% and 6.7% next year. Deputies urged the government to continue stablizing the macro-economy, restructuring the economy, revising the growth model, and boosting productivity, quality, efficiency, and competitiveness.

Deputy Tran Hoang Ngan from Ho Chi Minh City said: “The government is improving the investment environment and creating favorable conditions for businesses' growth, which will mean more taxes for the government. Budget spending has decreased by around 175 million USD this year. Vietnam has signed a number of trade agreements with other countries, cut taxes, reduced oil prices, and increased salary. The government needs to boost administrative reform to reduce regular expenditures.”

Some members proposed changing the growth model to reduce dependence on natural resource exploitation and preventing waste.

In the afternoon, the National Assembly discussed the revised Law on Forest Protection and Development and listened to the Prime Minister’s report on human resource management.

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