Deputies optimistic about socio-economic development prospects

National Assembly (NA) deputies have showed their delight at socio-economic development results in 2018 and belief in the completion of the five-year socio-economic plan for 2016-2020, on the sidelines of the ongoing 6th session of the 14th National Assembly.

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After hearing a report on the country’s socio-economic situation this year and the development plan for 2019 delivered by Prime Minister Nguyen Xuan Phuc at the opening of the session on October 22, most of the deputies appreciated the leadership and management of the Party and Government, as well as joint efforts by the ministries, sectors and localities.

They said that the impressive GDP growth and the fulfillment of all the 12 targets set for this year by the legislature will be bright spots in the country’s socio-economic picture.

Deputy Pham Van Hoa from the Mekong Delta province of Dong Thap said he was happy that gross domestic product (GDP) grew by 6.98 percent in the first nine months of 2018, and the whole year’s figure is expected to be higher than the NA’s target of 6.7 percent.

Hoa added he expects better socio-economic development in 2019.

Meanwhile, Deputy Nguyen Ngoc Phuong from the central province of Quang Binh said he is impressed by the development investment during 2016-2018, which is estimated at 33.5 percent of the GDP and falls within the target of averaging between 32-34 percent for the 2016-2020 period. 

The socialist-oriented market economic institution is gradually getting completed, while the business and investment environment has been improved, thus helping enterprises overcome with difficulties, he noted, adding that putting several key transport projects, including National Highway 1A and the Ho Chi Minh Highway section crossing the Central Highlands region, into operation has contributed to improving capacity in this field and facilitated the travel of people, even in peak times.

The structure of human resources has been shifted from agriculture to industry and services, and the Prime Minister has taken a lot of measures to create favourable conditions for enterprises, including stepping dialogue, cutting unnecessary administrative procedures.

Diplomatic work has also shown progress, thus helping expand economic partnership in investment cooperation and product consumption, Phuong observed, adding that public investment has been tightened, which creates a momentum for economic development in the time to come.

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