(VOVWORLD) - The Vietnamese government has implemented a number of trade promotion programs, attracting foreign investment capital in the context of armed conflicts in the world and tightening monetary policies in some major countries, said National Assembly deputies.
 NA discusses Vietnam’s socio-economic situation in 2023 (Photo: vov.vn) |
At the ongoing National Assembly session on Wednesday, the deputies reviewed Vietnam’s socio-economic development situation in 2023 and worked out tasks for next year. They said the Vietnamese economy is still facing lots of challenges.
Tran Anh Tuan, a NA deputy from Ho Chi Minh city, said: “We can relax our fiscal policy. Currently, VAT has been reduced from 10% to 8% for some items. However, to stimulate the economy, the VAT reduction should be applied to all items. The credit program for five priority areas has proved very effective. Currently, this credit program only applies to short-term loans. In the near future there should be a mechanism for medium and long-term loans, which will be an impetus for economic development, especially for supporting industries, science, technology, and economics.”
NA deputies asked the government to help businesses resolve obstacles. The Government needs to work out measures to ensure national energy security, improve forecasting capacity and quality, and find a comprehensive solution to ensure an adequate long-term supply of petroleum and electricity for production and consumption.
Nguyen Tuan Anh, a NA deputy from Binh Phuoc province, said: “The Government has proposed 12 groups of solutions for socio-economic development. I’m interested in the group on restructuring the economy to revise growth models, improve competitiveness, and restructure the rural economy and new rural development. In 2023, the agricultural sector has developed stably at a growth rate of 3.38%, continuing to be a pillar of the economy in a difficult time.”