Deputies highlighted the Government’s determination to ensure macro-economy stability and sustainable economic growth on the fringe of the first session of the 14th National Assembly.

Deputy Le Quan from Hanoi said bettering the State control over spending for public investment as well as the economic growth speed and quality is needed to cope with any possible changes.

He recommended keeping this year’s economic growth at a reasonable level of 6-6.3 percent instead of 6.7 percent as targeted, and adjusting the interest rate more flexibly to facilitate business development.

Deputies at the first session of the 14th National Assembly

The Government’s Resolution No.19 on improving the business environment, increasing national competitiveness in 2016-2017 and with orientations towards 2020 along with Resolution No.35 on supporting and developing businesses till 2030 have created a new spirit in the business community, he said.

He called for speeding up economic restructuring to create more opportunities for small-and medium-sized enterprises to access financial resources and overcome capital, technical and legal barriers.

Hoang Van Cuong, another deputy from Hanoi, emphasized the need to push the equitization and restructuring of State-owned businesses.

He proposed the Government strictly handle ineffective public investment projects and clarify responsibilities of individuals and organizations involved.

Deputy Vu Tien Loc from Thai Binh pointed to an array of difficulties facing the economy such as high budget deficit, increasing public debt, and unpragmatic credit growth figures.

The Government has sent clear messages and launched concrete plans to reform administrative procedures, but many ministries, agencies and localities have not yet implemented them effectively, he noted.

He proposed the National Assembly devise a program to supervise the improvement of the business and investment environment.

Source: VNA