Making institutions an important foundation to promote socio-economic development

Continuing the session, on October 29, the National Assembly spent the whole day discussing the results of the implementation of the 2025 socio- economic development plan and the expected 2026 socio-economic development plan.

Talking in the hallway of the National Assembly , some delegates shared their thoughts on this issue.

Mr. Phan Duc Hieu, Standing Member of the National Assembly's Economic Committee, expressed his joy with the results of economic growth and social development achieved in the recent period.

Mr. Phan Duc Hieu assessed this as a great and commendable effort. The Government has implemented appropriate solutions in the context of a difficult and volatile global economy that has created a lot of pressure on the domestic economy.

In addition to the Government's efforts, it is also necessary to mention the contributions of the business community and agencies, departments and branches from central to local levels who have united, implemented synchronous solutions, overcome difficulties to join hands in developing the country's economy.

According to Mr. Phan Duc Hieu, it must be affirmed that one of the great driving forces that created success and helped us reap good results like today is that our country is in the stage of promoting institutional reform, removing bottlenecks, and unleashing all resources to serve the goal of economic development.

The results we have achieved also clearly demonstrate the National Assembly's efforts in institutional reform, creating a more open development corridor in the new period, a new situation with many fluctuations, opportunities and challenges intertwined. These results will be the foundation and favorable premise, creating momentum for the country to develop further in the next period.

Assessing the possibility of achieving the double-digit economic growth target in the coming period, Mr. Phan Duc Hieu said that with the Government's relentless efforts and the current strong institutional reform, Vietnam's growth target in the next period is very difficult but can be achieved.

To ensure the successful implementation of this goal, the Government has proactively proposed many necessary groups of solutions such as: maintaining macroeconomic stability or solutions to change the economic structure to aim for high growth, rapid growth and sustainable growth... These groups of solutions are necessary and are receiving support from the National Assembly.

However, according to Mr. Phan Duc Hieu, to ensure the achievement of the expected economic growth target, in addition to implementing the above solutions, we must improve the quality of institutions. We need to take more drastic actions in bringing policies into economic, social and practical life; making institutions an important foundation to protect and promote socio-economic development and production and business activities.

New policies need to be implemented to create positive impacts as the policy objectives have been determined. Therefore, organizing timely and effective policy implementation and turning policy objectives into real results so that businesses and people can benefit from them and contribute more to the country's economic development is an important issue that needs to be implemented.

In addition, Mr. Phan Duc Hieu said that in addition to promoting timely and effective policy implementation, there should also be a mechanism for enterprises, organizations and State units that encounter difficulties in handling specific procedures to report, reflect and have their difficulties and problems resolved promptly.

Delegate Tran Van Lam (Bac Ninh delegation) answers questions from VNA. (Photo: Hai Ngoc/VNA)

Assessing the ability to complete socio-economic goals in the coming period, delegate Tran Van Lam (Bac Ninh delegation) said that the results Vietnam has achieved in the past period are a very good premise for the next period.

However, there is an important factor that helps us to achieve the growth target in the coming period: Vietnam is in the stage of promoting institutional reform, perfecting policies, removing bottlenecks and obstacles that hinder the development of the country's economy... This is an important driving force to help us achieve a higher growth rate than the previous period. Therefore, the growth target of 10% is very feasible and we can achieve it.

Sharing the same view, delegate Pham Van Hoa (Dong Thap delegation) shared that we can completely successfully achieve the economic growth target in the coming period.

In recent times, we have done relatively well in disbursing public investment capital. The increase in public investment capital means that resources invested in the economy have also increased, the mobilization of resources from the private economic sector has also increased, and the economic growth momentum has also increased. Thus, we have the basis to achieve the economic growth targets in the next period as set out./.

(TTXVN/Vietnam+)

Source: https://www.vietnamplus.vn/dua-the-che-tro-thanh-nen-tang-quan-trong-thuc-day-phat-trien-kinh-te-xa-hoi-post1073584.vnp