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NEWS UPDATES Asean Affairs    13  July  2016  

Lawmakers: 2016 GDP growth at risk

The 50th session of the 13th National Assembly Standing Committee opened in Ha Noi on July 11 to discuss preparations for the first session of the 14th legislature slated for July 20.

Speaking at the opening ceremony of the two-day event, NA Chairwoman Nguyen Thi Kim Ngan said that barring unforeseen changes,  this was the last meeting of the NA Standing Committee in the 13th tenure.

Deputies are expected to offer ideas regarding Government reporting on the implementation of socio-economic development and State budget tasks in the first six months of 2016 and measures for the remaining months. They will comment on a supervision programme of the NA and its Standing Committee for 2017 and on the legislature’s law and ordinance building programme for 2017 and law and ordinance adjustment programme in 2016.

They will also discuss the Government’s structure and organisation, the members of the 14th National Assembly tenure, and its draft decree on several specific mechanisms of investment, finance, budget and management decentralisation for Đà Nẵng City.

On the morning of July 11, Minister of Planning and Investment Nguyen Chi Dung delivered a speech on the Government’s report on  implementation of socio-economic development tasks in the first six months of 2016 and measures for the remaining months, while Minister of Finance Đinh Tien Dung presented another report on the implementation of State budget tasks in the first half and measures for the rest of the year.

The head of the National Assembly’s Economic Committee, Nguyen Văn Giau, presented a report on the verification of the Government report on the implementation of socio-economic development tasks, and the head of the NA’s Committee on Finance and Budget, Nguyen Duc Hai, read a report on the verification of the Government report on the implementation of State budget tasks.

Discussing the Government reports, lawmakers agreed that in the first half of this year, Viet Nam’s GDP growth rate was 5.52 per cent, compared to the rate of 6.32 per cent of the same period last year. The decrease was attributed to drops in the growth of the agricultural and mining sectors.

NA Vice Chairman Phùng Quoc Hien stated that if no drastic measures were taken, it would be difficult to achieve the GDP growth rate of 6.7 per cent set by the legislative body for this year.

The delegates also focused discussions on measures to boost socio-economic development and maintain defence security, stressing the need to carry out preferential policies for families of people who rendered service to the nation, support people affected by disasters like drought and saline intrusion, and help locals affected by the recent environmental pollution in the four central provinces of Ha Tinh, Quang Bình, Quang Tri and Thua Thien-Hue.

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