National Assembly Chairman Vuong Dinh Hue presides over the opening of the 11th session of the National Assembly Standing Committee on May 11. Photo: VNA

At the three-day meeting, the National Assembly Standing Committee will discuss 11 topics, including the report on socio-economic performance and state budget last year and in the first months of this year. Chairman Hue said that the National Assembly’s Resolution 43 on the fiscal and monetary policy package worth VND 437 trillion (18.9 billion USD) will contribute to GDP growth by 2%.

He also commented on investment policy for a number of infrastructure projects, which will be asking for NA approval. They include the Belt Road No.4 in the Hanoi Capital Region, the Belt Road No.3 of Ho Chi Minh City, along with roads of Chau Doc-Can Tho-Soc Trang, Khanh Hoa-Buon Ma Thuot, and Bien Hoa-Vung Tau.

He stressed the need to clarify the investment phasing, the suitability with planning, plans, strategies, forms of investment, structure of investment capital sources, especially the feasibility of allocating capital, so that once the National Assembly approves, the investment policy must be enforced. He requested that the State Audit soon report on these five projects to be submitted to the National Assembly.