Resolution 43 on socio-economic recovery proves effective
(VOVWORLD) - Resolution 43 on fiscal and monetary policies to support socio-economic recovery and development has been effective, lawmakers said on Saturday during the ongoing mid-year National Assembly session.
 Deputy Tran Hoang Ngan of Ho Chi Minh City speaks at the National Assembly session on May 25, 2024. (Photo: VNA/Doan Tan) |
The National Assembly promulgated Resolution 43 in early 2022 to stimulate economic recovery post-COVID-19. Deputies said the resolution offers many incentives such as reducing fuel taxes and extending tax payment deadlines.
“Vietnam's economy has recovered. Our GDP grew from 2.6% in 2021 to 5.05% last year and 5.64% in the first quarter of this year. Macroeconomic stability has been ensured amidst global volatility, and public debt dropped from 43% of GDP in 2022 to 37% last year,” said deputy Tran Hoang Ngan of Ho Chi Minh City, which was hard hit by the COVID-19 pandemic.
Many National Assembly deputies agreed on the proposal to extend the implementation of Resolution 43 to support businesses, investors, and job creation.