Socio-Economic Forum 2022

National Assembly Chairman stresses importance of macro-economic stability

National Assembly (NA) Chairman Vuong Dinh Hue stressed the importance of maintaining macro-economic stability to strengthen the resilience of the economy while delivering a closing remark at the 2022 Socio-Economic Forum in Hanoi on September 18.

National Assembly Chairman stresses importance of macro-economic stability -0
National Assembly Chairman Vuong Dinh Hue delivers closing remark at the 2022 Socio-Economic Forum. Photo: Lam Hien

This is also the message that the first socio-economic forum wants to spread, he said.

Attention should be paid to credit structure and quality, NA Chairman noted, adding that it is necessary to continue addressing bad debt, restructuring the banking system, handling banks with poor performances, and seeking measures to increase capital for commercial banks, particularly State-own banks and those with State capital.

Markets such as stock, financial market, monetary, real estate market, goods and service markets are the "blood vessels" of the economy. Therefore, it is essential to take measures for them to circulate and develop healthily and sustainably, he emphasised.

National Assembly Chairman stresses importance of macro-economic stability -0
An overview of 2022 Socio-Economic Forum. Photo: Lam Hien

Regarding long-term goals, the top legislator highlighted the need to maintain economic restructuring, amending, supplementing and perfecting institutions, particularly the Land Law; and exert efforts to turn Vietnam into a developing country with modern industry and upper middle income by 2030, and a developed and high-income country by 2045, as set in the 13th National Party Congress’s Resolution.

At the forum, participants agreed that the world’s quick digital transformation and green energy transition have created many opportunities, but also posed a lot of challenges and difficulties for Vietnam. However, in the context of many countries facing high inflation and low growth, Vietnam has managed to maintain low inflation and achieve high growth.

National Assembly Chairman stresses importance of macro-economic stability -0
The delegates at the forum. Photo: Lam Hien

At a conservative estimate of the Ministry of Planning and Investment, Vietnam may achieve a growth rate of over 7% and keep inflation below 4% this year. The country can also reach 750 billion USD in import-export turnover, doubling the GDP scale.

They also raised concerns over negative impacts of climate change and extreme weather. In Vietnam, in just eight months of 2022, climate change and extreme weather caused losses of 6 trillion VND (253.3 million USD), 6.7 times higher than that of the same period last year.

Politics-Diplomacy

14th National Party Congress's draft documents more revolutionary, action-oriented, highly feasible: PM
Politics-Diplomacy

14th National Party Congress's draft documents more revolutionary, action-oriented, highly feasible: PM

In the political repor, along with adding the learned lessons and forecasting the context and situation, it highlights the following viewpoints: ensuring development for stability, and stability for rapid and sustainable development of the country; promoting the comprehensive building and improvement of institutional frameworks for fast and sustainable development; addressing bottlenecks and obstacles in a timely and decisive manner; and unlocking all resources and mobilising all drivers of growth

Grand banquet held in honour of top Chinese leader
Politics-Diplomacy

Grand banquet held in honour of top Chinese leader

The host announced that both sides had held highly successful talks and reached broad consensus on key directions and measures to further strengthen Vietnam-China relations, paving the way for a more substantive relationship in a new era of prosperity and development for both nations.

The two leaders jointly witness the presentation of 45 cooperation documents across a wide range of sectors (Photo: VNA)
Politics-Diplomacy

Vietnamese Prime Minister meets China's top leader

PM Chinh expressed appreciation for Xi’s four visits to Vietnam in his capacity as Party General Secretary and President of China, believing that this historic milestone will provide strategic direction and fresh impetus to further foster ties between the two Parties and countries.

NA Standing Committee's 44th session opens
Politics-Diplomacy

NA Standing Committee's 44th session opens

The NA Standing Committee will discuss, review, and decide on 42 groups of issues during this session, including 24 related to constitutional and legislative matters; 10 concerning socio-economic issues, the state budget, supervision, and other important matters; eight within its authority; and five others, which will be decided in writing.

Cultural heritage a driver for Bac Ninh's rapid, sustainable development: NA Chairman
Politics-Diplomacy

Cultural heritage a driver for Bac Ninh's rapid, sustainable development: NA Chairman

Bac Ninh has nearly 1,600 historical sites and 19 artifacts and groups of artifacts recognised as national treasures. In addition, the province boasts four intangible cultural heritages recognised by UNESCO as world heritage, including Quan ho (love duet) folk singing, Ca tru (ceremonial singing), Huu Chap tug-of-war ritual and game, and the worship of the Mother Goddesses of the Three Realms.

Party Central Committee convenes 11th plenum
Politics-Diplomacy

Party Central Committee convenes 11th plenum

The Party Central Committee will also review key decisions made by the Politburo and Secretariat since the 10th plenum, alongside thematic reports on institutional perfection and strategic breakthroughs in science-technology development, innovation, and national digital transformation.

NA Chairman meets with Spanish Prime Minister
Politics-Diplomacy

NA Chairman meets with Spanish Prime Minister

The top legislator expressed his satisfaction with the strong cooperation between the Vietnamese NA and the Spanish parliament, reflected in regular delegation exchanges, close coordination, and joint initiatives at both regional and global parliamentary forums.