On October 9, continuing the 38th session, the National Assembly Standing Committee (NASC) gave opinions on the Government's report on the results of the implementation of the 2024 socio -economic development plan and the projected 2025 socio-economic development plan.
Chairman of the National Assembly 's Economic Committee Vu Hong Thanh
According to the Government 's report, based on the results of the first 8 months, it is estimated that 14/15 main targets for the whole year of 2024 will be achieved and exceeded. The GDP per capita target is approximately achieved (4,647 USD compared to the target of 4,700-4,730) due to exchange rate fluctuations.
The GDP growth rate in the following quarter is higher than the previous quarter, the whole year is estimated at about 6.8 - 7%, exceeding the target set by the National Assembly (6 - 6.5%), belonging to the group of few countries with high growth in the region and the world and highly appreciated by international organizations.
The target set by the Government in 2025 is a GDP growth rate of about 6.5 - 7% and strives to achieve a higher growth rate (7-7.5%); the target GDP per capita is about 4,900 USD.
The audit report of the National Assembly's Economic Committee also pointed out bright spots in the socio-economic picture for the first 9 months of 2024. In particular, many key and important national transport infrastructure projects are focused on accelerating the implementation progress and putting into operation, contributing to promoting the country's socio-economic development.
According to Chairman of the Economic Committee Vu Hong Thanh, the real estate market has shown signs of recovery but still faces difficulties. Land prices in inner-city and suburban districts of Hanoi have shown signs of increasing rapidly again, especially in districts with information about becoming districts.
Despite many efforts and attempts in issuing documents guiding the implementation of the Land Law, the Real Estate Business Law and the Housing Law, the results have not been as expected. According to Mr. Thanh, the situation of "abandoning deposits" after winning the auction is recurring, negatively affecting the price level and the housing market.
The inspection agency also pointed out the situation of monopoly, price inflation, wave creation, and land speculation pushing up land prices, causing buying and selling to take place almost exclusively among speculators, while making it difficult for people and businesses to access land because land prices are high and beyond their ability to pay.
In addition, the management of the gold market still has many shortcomings, causing pressure on the foreign exchange market and exchange rates. Cyber security risks to the Vietnamese financial system have become constant and present with unpredictable consequences.
According to the Economic Committee, the liquidity of the corporate bond market has improved significantly but still faces many challenges to become an effective medium- and long-term capital mobilization channel for the economy, sharing the role of capital supply with the banking system.
Source: https://nld.com.vn/lung-doan-thoi-gia-tao-song-khien-nguoi-dan-kho-tiep-can-dat-dai-196241009101234576.htm
Comment (0)