(VOVworld) – National Assembly deputies on Tuesday discussed the current socioeconomic situation and tasks for next year. The participants spoke highly of the Government’s measures to stabilize the macro-economy and control inflation.

The ongoing 8th session of the 13th National Assembly (Photo: VGP)

The inflation rate has decreased from 18.13 percent in 2011 to 5 percent, bringing lower bank interest rates. The balance of trade, which has moved into an export surplus, and an improved account balance have raised Vietnam’s financial prestige in the world market. Tran Hoang Ngan, National Assembly deputy from Ho Chi Minh city, said the government needs to focus on promoting the potential of the domestic economy especially by resolving enterprises’ difficulties. He expressed his support for the target of GDP growth of more than 6 percent and an inflation rate of 5 percent in 2015. Mr. Ngan: "I agree with the target of GDP growth of 6.2 percent but this could reach 6.5 percent because Vietnam has a great potential. I think that social investment capital reaching 30 percent of GDP is not feasible because Vietnam’s Incremental capital output ratio reached a record high of 5.5 percent over the past 10 years. If we set a target of 6.2 percent growth and social investment capital of 30 percent of GDP, it will be difficult to achieve it. So, we need a policy to increase this capital".