The government has made great efforts in managing the socio-economy.

The 2013 goal of "strengthening macroeconomic stability, lower inflation, higher growth than 2012" has been basically achieved.

According to the assessment of many National Assembly deputies, the Government's report on the implementation of socio-economic tasks presented to the National Assembly this time reflected the actual situation quite closely.

In the context of difficult domestic and international economic conditions, under the timely guidance and policies of the Party and the efforts of the entire political system, the socio-economic situation of our country has had positive changes, in the right direction and basically achieved the general goal of 2013 which is "strengthening macroeconomic stability, lower inflation, higher growth than in 2012" and "ensuring social security and social welfare"; it is expected that 12/15 targets will be achieved and exceeded. The macro-economy is increasingly stable. Exports continue to increase at a high level, the trade deficit in 2013 is estimated to be only about 500 million USD; the improved trade balance together with increased disbursed foreign direct investment capital creates a large overall balance of payments surplus, increasing foreign exchange reserves, thereby stabilizing the exchange rate quite firmly.

The financial market is more stable; interest rates are down. While the state budget balance is facing many difficulties, the Government is still trying to increase the minimum wage; exempt, reduce, and defer taxes and some budget revenues of about VND 9,470 billion to support and remove difficulties for businesses and individuals according to the National Assembly Resolution. Prices of some public goods and services managed by the State are gradually adjusted to limit disadvantages to the economy.

According to Mr. Vu Viet Ngoan - Chairman of the National Financial Supervision Committee, this year, among the targets set by the National Assembly, the Government has achieved 11 targets. Basically, it has achieved the general requirement set by the National Assembly Resolution at the end of 2012 for the 2013 socio-economic development plan, which is "higher growth than 2012 and lower inflation". Last year's inflation was 6.81%, this year's 7% is reasonable. Because we know that there is a huge demand to adjust the prices of public services, some basic goods... If we do not accelerate the implementation of the market mechanism principle with these goods according to the roadmap, it will be very difficult to apply the policy management principle to the economy in the future.

Mr. Ngoan believes that the inflation target of about 7% and economic growth of about 5.8% in 2014 is feasible and reasonable. Some experts believe that the target of 5.8% is too ambitious and will affect the goal of macroeconomic stability.

“I think that on the one hand, we firmly maintain macroeconomic stability, considering it a core value, an achievement in the past few years. Macroeconomic stability has created great attraction for foreign and domestic investors, creating a foundation for the following years. However, maintaining a reasonable growth rate of 5.7-5.8% next year will contribute to ensuring long-term macroeconomic stability. With such a growth rate, enterprises will have the conditions to maintain production and to a certain extent consume products, expand production. If it is narrower, it will be difficult for enterprises, leading to difficulties in budget collection and affecting jobs and leading to many other consequences” – Mr. Ngoan stated his opinion.

Regarding the order of priority for implementing tasks, Mr. Ngoan said that the immediate task is to deal with the current low growth situation. Second, we need to resolutely restructure the economy. We need to restructure more specifically, bringing clearer results to improve labor productivity; then we can avoid the situation of increased investment leading to macroeconomic instability, because it increases inflation and too much investment causes waste and inefficiency. These goals are contradictory but synchronized and unified.

Assessing the Government's quick responses in policy management, Mr. Ngoan said: We have made a big change when Resolution 11 was issued. That is a change in perspective, a correct policy orientation. Since then, we have been steadfast in that perspective. However, during the whole process, there have been stages where situations have arisen that require adjustments. For example, there were some targets that we could not achieve according to Resolution 11, then Resolution 02 was adjusted to achieve a balance between inflation and growth, a balance between aggregate demand and investment efficiency.

The Government is proposing to the National Assembly to allow the issuance of additional bonds to implement three breakthroughs, including infrastructure and focusing on essential projects serving national interests; at the same time, increasing aggregate demand, contributing to economic development, and resolving the situation of some unfinished projects.

Regarding the issuance of bonds, Mr. Ngoan said that the Government must calculate the total national debt, public debt and medium and long-term debt. In the previous term, when meeting the National Assembly Economic Committee, I proposed that the Government develop a 5-year medium and long-term budget plan and calculate the annual revenue and expenditure balance for each major item (how much domestic, how much import and export, crude oil, land... and regular expenditure, investment...) to manage cash flow and forecast), and now this is necessary.

Regarding the solutions for 2014, Mr. Ngoan said that the Government has presented quite comprehensively. Removing difficulties for enterprises was clearly shown in Resolution 02 and is now even more clearly shown. In my opinion, this is an extremely important and necessary task.

The goals of 2014 must be linked to 2015.

Delegate Tran Du Lich (HCMC delegation) said that there should be more breakthrough solutions to solve difficulties for agriculture, and to transform the processing economy into a manufacturing one. We must think about after 2015 when the market opens up and we integrate deeply into the world economy, the current economic shortcomings need to be thoroughly resolved.

Although the National Assembly discusses policies for 2014, it should not only think about 2014 but also have policies for development in 2015. I also want to recommend that the goals of 2014 must be linked to 2015, meaning that we should link to the goals of the 2-year plan to see what to do in the next 2 years.

According to vov.online-PH