NA discusses socio-economic situation
(VOV) - National Assembly (NA) deputies on October 24 discussed socio-economic situation, State budget for 2012 and plans for 2013.
They analyzed the cause of failure to meet some of the yearly targets and discussed 9 groups of government solutions to improve the socio-economic situation in 2013.
Greater efforts are needed to achieve an economic growth rate of 5.2 percent this year in the face of ongoing global economic woes, they said.
Economic experts have predicted this year’s maximum growth rate at 5.5 percent, lower than the NA set target of 6-6.5 percent.
Vietnam is one of the few countries maintaining export growth at 10 percent while global exports grow at 4 percent on average, they said.
Some argued that the monetary market’s sharp fall in interest rates and high liquidity is creating favourable conditions for the government to issue bonds to ensure its budget collection and spending.
Other NA deputies emphasized that the biggest challenge for the next year is to fulfill the two targets of stabilizing the macroeconomy and controlling inflation.