(VOVworld) – On Tuesday, NA deputies continued to discuss the outcomes of implementing this year’s socio-economic developments and plans for next year.

Tran Du Lich, a NA deputy of Ho Chi Minh City. (Photo: Phuong Hoa/VNA)

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 that“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.”

Concluding the discussion about national social economic development, National Assembly Deputy Chairwoman Nguyen Thi Kim Ngan praised achievements made this year: She said: “Major progress has been made in Vietnam’s social economic development this year. Most targets have been achieved, especially in macro economic stability, social welfare and improved living standards. National sovereignty and territorial integrity have been protected while international integration made important progress. Issues discussed will be included in our draft resolution for next year’s social economic development.”

Deputies commented on diversification of bond issuance in international bond markets. Deputy Tran Du Lich from Ho Chi Minh City voiced his agreement: “International bond issuance will help us restructure our long term debt, provide short term foreign currency supply and avoid foreign exchange pressure. Vietnam’s credit rating has been improved in international market, which is a positive sign.”

Deputies also discuss budget plan for next year and allocation of government bond financing for some infrastructure projects.