The National Assembly discusses the socio-economic situation and the state budget.

On May 29th, the National Assembly spent the entire day discussing in the plenary session the supplementary assessment of the results of implementing the socio-economic development plan and the state budget for 2023; the situation of implementing the socio-economic development plan and the state budget in the first months of 2024; and many other important issues.

Representative Tran Van Tien, from the Vinh Phuc Provincial Delegation of the National Assembly, offered his comments on the supplementary assessment of the results of implementing the socio-economic development plan and the state budget for 2023.

Commenting on the supplementary assessment of the results of implementing the socio-economic development plan and the state budget in 2023, National Assembly delegate Tran Van Tien from Vinh Phuc province stated that, according to the report, some indicators showed more positive changes such as economic growth rate; consumer price index; rate of state budget mobilization; state budget revenue; and investment attraction… Many policies have proven highly effective in the last months of the year.

However, delegates noted that some indicators still fell short of the reported figures, such as total social investment capital, certain revenue items, total state budget expenditure, and disbursement of public investment capital.

Regarding the implementation of the socio-economic development plan and the state budget in the first months of 2024, economic growth reached 5.66%, higher than the same period last year. This is a sign of recovery, even acceleration in the following quarters of the year, with growth in all three sectors, and agriculture, forestry, and fisheries continuing to be the pillar of the economy.

Total retail sales of goods and consumer service revenue increased significantly. The continued increase in total social investment confirms that the economy is recovering. The consumer price index (CPI) increased by 3.93%, lower than the same period last year, marking the ninth consecutive year of inflation control…

Regarding the challenges in the remaining months of 2024, delegate Tran Van Tien stated that the challenges to growth are significant, and even if the annual target is met, it will still be difficult to achieve the 5-year target of 6.5-7%.

The consumer price index increased by 3.93%, nearing the lowest threshold allowed by the National Assembly ; however, achieving this target is difficult due to the implementation of salary reforms on July 1st, along with price increases for several goods…

Expressing agreement with the tasks outlined in the report, delegate Tran Van Tien noted several points: Focus on removing administrative procedures in investment and business activities; promptly and synchronously issue detailed regulations and guiding documents for implementation when draft laws come into effect, avoiding situations where laws take effect but require subordinate regulations; strengthen inspection work, combat tax evasion, and accelerate the equitization and divestment process in state-owned enterprises; and speed up the disbursement of public investment capital to improve the efficiency of capital utilization and impact economic growth in the remaining months of the year.

Thieu Vu

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