The Government needs to fully identify the achieved results and the shortcomings and limitations of the economy, clarify the objective and subjective causes to soon have effective solutions to overcome.
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| Chairman of the National Assembly Economic Committee Vu Hong Thanh said that besides the achieved results, the socio-economic situation in the first four months of 4 also revealed continued difficulties and challenges. (Source: VOV) |
Report on the verification and additional assessment of the results of the implementation of the Socio-Economic Development Plan and the State Budget in 2022; implementation situation in the first months of 2023, Chairman of the National Assembly Economic Committee Vu Hong Thanh said that the Economic Committee (UBKT) basically agreed with the Government's report. In 2022, our country's economy will recover quickly, achieving quite comprehensive and positive results in many fields with 13/15 targets reaching and exceeding the plan.
The quality of the economy is still limited
However, according to the Chairman of the National Assembly's Economic Committee, besides the achieved results, the socio-economic in 2022 still has limitations and shortcomings that need to be overcome. Both 2/15 indicators have not been met, reflecting the poor quality of growth and the quality of the economy. “State budget revenue exceeded 403,8 trillion VND (equivalent to 28,6%) compared to the estimate, reflecting the construction of the estimate was too low, narrowing the fiscal space and affecting the next year's revenue estimate. This is a problem that has existed for many years but has not been fixed. Suggest that the Government learn from experience and have solutions to overcome and improve the quality of annual state budget revenue estimates, "said Mr. Vu Hong Thanh.
In the field of goods trade, the trade surplus reached 12,4 billion USD, much higher than the number reported to the National Assembly (about 1 billion USD), partly reflecting the economy's signs of declining momentum and very clear growth rate from the fourth quarter of 2022. Currently, the financial and monetary markets have risks that negatively affect the safety of the system; stock market declines; difficult corporate bond market; The real estate market is quiet. The situation of cross-ownership, manipulation, and group interests in the banking sector is still very worrying.
The National Assembly Audit Committee proposed the Government and the State Bank to evaluate the handling of excess ownership and cross-ownership; at the same time, it is suggested to clarify the responsibilities of the authorities for the problems of the corporate bond market and the banking sector. Difficulties in the financial market and corporate bond market make it difficult for real estate businesses to access capital and barely raise corporate bond capital, leading to an almost "freezing" real estate market, directly affecting and having a knock-on effect on many industries and sectors of the economy, and people's jobs.
Verification of the report on the implementation of the socio-economic development plan in the first months of 2023, the National Assembly's Economic Committee said that the Government and the Prime Minister closely directed the ministries, branches and localities to focus on implementing Resolution No. economy is guaranteed.
The Government soon considers the GDP growth in the first quarter to be low
In addition to the achieved results, the socio-economic situation in the first 4 months of 2023 also revealed continuing difficulties and challenges. Therefore, the National Assembly's Economic Committee suggested the Government pay more attention and evaluate a number of issues when GDP growth in the first quarter of 2023 was very low. The main drivers of growth such as exports, foreign direct investment, especially industrial production have all decreased and are on the decline. Slow disbursement of public investment capital, attracting FDI in 4 months decreased by nearly 18% over the same period while lending interest rates were high.
"The Economic Committee proposes that the Government fully identify the achieved results and the shortcomings and limitations of the economy, clarify objective causes, subjective causes, lessons learned, and clarify the responsibilities of organizations and individuals involved in the performance of socio-economic development tasks to soon have effective solutions to overcome," the Chairman of the National Assembly Audit Committee emphasized.
It is forecasted that from now until the end of 2023, difficulties and challenges will be more than opportunities and advantages, Mr. Vu Hong Thanh said that the Government needs to continue to closely monitor the economic situation in the country and in the world to have timely policy solutions. In which, focus is on consolidating and strengthening the macro-economic foundation, controlling inflation, improving the internal capacity and autonomy of the economy on the basis of soundening, maintaining the stable and safe development of the system of credit institutions, the money market, the real estate market, the stock market, and corporate bonds.
“The government should actively consider continuing to lower the operating interest rate to support growth. Promote the improvement of the investment and business environment, reform administrative procedures, strengthen decentralization along with inspection and supervision, and improve the responsibility of the head. Closely monitor the market and commodity prices in order to have policies and timely solutions to ensure the supply-demand balance, appropriate management and price stabilization; ensure the supply and circulation of goods and major balances of the economy, especially the balance of electricity, coal and petroleum. Urgently review and amend inadequacies in regulations on petroleum trading. Reviewing and amending the electricity price mechanism to suit the orientation of socio-economic development in the coming time, "said Chairman of the National Assembly's Economic Committee.
In addition, the Chairman of the National Assembly's Economic Committee also requested the Government to soon make an appropriate decision on announcing the status of the Covid-19 epidemic in the country. Having a plan to respond to the complicated situation of natural disasters and epidemics of crops and livestock and timely support measures for unemployed or unemployed workers to ensure social security, order and safety, national defense, security, social order and safety, and natural disaster prevention.
