With 89.88 percent of votes, the National Assembly on November 10 approved a resolution on a medium-term public investment plan for the 2016-2020 period, which stipulates a maximum of US$89.56 billion of five-year spending.

A number of draft laws and resolutions were discussed and adopted at the ongoing second session of the 14th National Assembly in Hanoi on November 8. 

Legislators approved a resolution on the five-year financial plan with 86.64% of “yes” votes during the ongoing second meeting of the 14th National Assembly on November 9. 

State budget overspending will be reduced to below 3.5 percent of GDP by 2020, while public debts, government debts and the country’s foreign debts will not exceed 65 percent, 54 percent and 50 percent, respectively, of GDP annually in 2016-2020. 

A number of draft laws were discussed at the ongoing second session of the 14th National Assembly in Hanoi on November 8.

The draft law on irrigation presented at the second meeting of the 14th National Assembly is expected to ensure requirements of sustainable socio-economic development, thus helping improve the material and spiritual life of people, including farmers.

Tourism should be developed into a spearhead industry, and thus it is necessary to amend the existing tourism law to remove obstacles for the sector’s growth, National Assembly (NA) deputies have said. 

The National Assembly (NA) on November 7 adopted a resolution on the socio-economic development plan for 2017, which aims at a gross domestic product (GDP) growth rate of about 6.7%. 

Lawmakers discussed several draft laws at the ongoing second session of the 14th National Assembly in Hanoi on November 7. 

Building a preventive mechanism with severe punishments is proposed a measure aimed at deterring corruption, head a conference in Ho Chi Minh City on November 7.