Resolution No. 43 is timely, popular, and has the people's consensus.

At the plenary session in the hall on the morning of May 25, the National Assembly considered the report on the results of the thematic supervision of "Implementation of Resolution No. 43/2022/QH15 dated January 11, 2022 of the National Assembly on fiscal and monetary policies to support the Socio-Economic Recovery and Development Program and resolutions of the National Assembly on a number of important national projects until the end of 2023".

Resolution No. 43 was issued by the National Assembly in a special context, when the COVID-19 pandemic, with its extremely complicated and unpredictable developments, has caused severe negative impacts on people's lives and the country's socio-economic situation.

On the basis of closely following the Party's policies and the National Assembly's Resolution, at the first extraordinary session, after considering the Government's Report, the National Assembly voted to pass Resolution No. 43 with many strong, drastic, unique and unprecedented policies to achieve the "dual goal" of supporting the prevention and control of the COVID-19 pandemic, supporting people and businesses, helping to restore and develop the economy after the pandemic.

Important foundation to promote socio-economic recovery and development

Reporting to the National Assembly, Chairman of the National Assembly's Finance and Budget Committee, Deputy Head of the National Assembly's Supervisory Delegation Le Quang Manh said that by the end of 2023, after 2 years of implementing Resolution No. 43, our country has gradually reopened the economy, restoring economic and social activities.

The country's economic and social activities quickly returned to normal from the state of adapting to the epidemic, gradually recovering; maintaining macroeconomic stability, controlling inflation, promoting growth, ensuring major balances of the economy; the investment and business environment continued to improve, social security, national defense and security were maintained, foreign affairs were promoted, continuing to promote economic restructuring, investment, trade, services, digital economic development... These factors play an important fundamental role in promoting socio-economic recovery and development in the next 2 years (2022, 2023) and the following years.

At the 5th Session, the 15th National Assembly issued Resolution No. 90/2023/QH15 dated June 8, 2023 on the National Assembly's Supervision Program in 2024 and Resolution No. 94/2023/QH15 dated June 22, 2023 on the establishment of a Thematic Supervision Team "Implementation of Resolution No. 43/2022/QH15 dated January 11, 2022 of the National Assembly on fiscal and monetary policies to support the Socio-Economic Recovery and Development Program and resolutions of the National Assembly on a number of important national projects until the end of 2023".

Important national projects include: Long Thanh Airport Project; North-South Expressway projects in the East phase 2017 - 2020 and 2021 - 2025; Ring Road 4 Project - Hanoi Capital Region; Ring Road 3 Project of Ho Chi Minh City; Khanh Hoa - Buon Ma Thuot Expressway Project phase 1; Bien Hoa - Vung Tau Expressway Project phase 1; Chau Doc - Can Tho - Soc Trang Expressway Project phase 1.

These are projects whose investment policies have been decided by the National Assembly to promote the implementation of one of the three breakthroughs of the 10-year Socio-Economic Development Strategy (2021-2030) on infrastructure construction.

"In order to implement the Resolution of the National Assembly, the Supervisory Delegation has issued a Plan and Outline of supervision to the subjects subject to supervision; assigned National Assembly delegations of provinces and cities to supervise; organized direct supervision in 10 localities, worked with the Government and 12 ministries, branches and agencies. Up to now, the Supervisory Delegation has completed the assigned tasks, ensured progress and achieved the set goals," said Le Quang Manh, Chairman of the National Assembly's Finance and Budget Committee.

Responding to urgent requests, receiving public consensus and active response

According to Chairman of the National Assembly's Finance and Budget Committee Le Quang Manh, Resolution No. 43 was issued and implemented in a special context when the COVID-19 pandemic is taking place and causing very negative impacts on people's lives, the economy is facing many difficulties, growth is low, production and business are narrowed, social security, employment and livelihoods of workers are severely affected.

Under the leadership of the Party, the proactive and timely participation of the National Assembly, the drastic management of the Government, the Prime Minister, ministries, branches, localities and the active participation of the people and the business community, the implementation of Resolution No. 43 has been carried out very urgently nationwide, achieving many positive results, contributing significantly to the effective implementation of the policies of the Party, the National Assembly and the Government in preventing and fighting the COVID-19 pandemic, gradually controlling and ending the COVID-19 pandemic, bringing social life back to normal, promoting the economy to overcome difficulties, recover and grow, social security is ensured; security, national defense, order and social safety are maintained.

Implementation results show that most of the policies and measures issued in Resolution No. 43 are timely, in line with the people's wishes, meet the requirements of urgent situations, and are agreed upon and actively responded to by the people.

After 2 years of implementation, many goals and targets set in Resolution No. 43 have been basically achieved. GDP growth in 2022 reached 8.12%, the highest growth rate in the 2011-2022 period; in 2023, it reached 5.05%, a fairly high level in the context of the world and the country facing many new difficulties and challenges.

Maintaining macroeconomic stability, ensuring major balances of the economy; flexible management, close and harmonious coordination between fiscal and monetary policies; mobilization, allocation and regulation of public investment capital use help bring resources into the economy reasonably; inflation is controlled, interest rates and exchange rates are managed appropriately and stably; budget deficit and public debt are within the scope allowed by the National Assembly and lower than the expected level.

The socio-economic results achieved in the two years (2022-2023) create an important premise to continue striving to successfully complete the socio-economic targets set by the 13th National Party Congress for the 2021-2025 period.

Many policies have been put into practice and have shown timely effectiveness, such as credit policies through the Social Policy Bank system, housing rental support for workers, and value-added tax reduction, which have contributed to supporting people, workers, and businesses to overcome difficulties, maintain and restore production and business; the specific mechanisms approved by the National Assembly have shown effectiveness, enhanced responsibility, management capacity, proactiveness, and creativity of ministries, branches, central and local agencies, shortened implementation time, promoted capital disbursement progress, supplemented important and timely cash flows for the economy, and at the same time, promoted the effectiveness of investment projects.

Important national projects are actively implemented.

Regarding the implementation of the National Assembly's Resolutions on a number of important national projects, Chairman of the National Assembly's Finance and Budget Committee Le Quang Manh said that the Government has promptly issued documents to implement the National Assembly's Resolutions on investment policies for important national projects, in which specific tasks have been assigned to agencies implementing the projects, progress milestones have been set, and specific mechanisms have been deployed as required.

The Prime Minister has established the State Steering Committee for important national projects and works, key to the transport sector to resolve and remove many difficulties and obstacles in implementation, especially in compensation, support, resettlement, and quarrying of earth and sand for the projects. Although the progress of preparing and implementing the projects has not yet met the Government's requirements, it has been significantly shortened compared to the actual implementation of previous projects.

The projects have received attention and strong direction from the National Assembly, the Government, ministries, central branches and the People's Committees of provinces and cities. Localities have basically done a good job of propaganda and mobilization and received support from the people in the process of compensation, support, resettlement and site clearance.

Many localities have had the participation of the entire political system in the implementation process, promptly resolving difficulties and obstacles, accelerating project progress, promoting proactiveness, effectively mobilizing local resources in construction investment management. Decentralization has increased proactiveness, linked with specific responsibilities, and at the same time, created conditions to improve the capacity of many localities to operate and manage large projects when they were assigned to implement important national projects for the first time.

Up to now, the component projects decentralized to localities as managing agencies have basically met the required progress and have been allocated enough local budget capital as committed.

In the context of many difficulties in construction materials and being greatly affected by the COVID-19 pandemic, the Government has directed relevant agencies to make efforts to complete and put into operation 635 km of the Project to invest in the construction of a number of expressway sections on the North-South Eastern route in the 2017-2020 period, increasing the total length of expressways nationwide to 2,001 km and promoting investment efficiency, enhancing national competitiveness, ensuring national defense and security, reducing traffic congestion and accidents, saving travel time and social costs, meeting the expectations of people and businesses.

Along with the fiscal policies to stimulate consumption under Resolution No. 43, important national projects have strongly promoted the economy's total investment demand, creating an important driving force to promote economic and social growth and development.

Besides the basic positive results, Chairman of the National Assembly's Finance and Budget Committee Le Quang Manh emphasized that the issuance and implementation of Resolution No. 43 still has some shortcomings and limitations.

Specifically, the investment preparation work of some projects is slow, not ensuring readiness for implementation and capital disbursement according to the deadline requirements of Resolution No. 43. Some policies have not been implemented according to the plan and set targets. Policies to support people and workers in some localities are still slow and confusing. The capital absorption capacity of the economy and the competitiveness of the domestic enterprise sector are still low when input costs and imported raw materials increase, output markets, orders, and business revenue decline, affecting the ability to repay bank loans, potentially causing the risk of bad debt. Many localities have lower credit growth than the same period in previous years and lower than the growth rate of the entire system. By the end of 2023, many businesses will still face difficulties and challenges and have not recovered from the impact of the COVID-19 pandemic...

Many lessons learned

Through the overall assessment of the implementation of Resolution No. 43 as well as in-depth assessment of each specific policy on the results achieved, shortcomings, limitations, obstacles and causes, the Supervisory Delegation drew some lessons as follows: Responding quickly and promptly issuing policies to respond to practical situations, in order to support businesses and people in the particularly difficult context at a time when the COVID-19 pandemic has severely affected people's lives and production and business activities of enterprises is extremely necessary; closely following the Party's policies and orientations on the goal of socio-economic recovery.

The issuance of policies must be closely linked to the requirements and the ability to balance resources for implementation. It is necessary to innovate and improve the capacity of forecasting work to propose and issue policies that are suitable to reality and ensure feasibility.

The Resolution needs to be urgently and synchronously implemented from the central to local levels with high determination, awareness and correct identification of the importance of policies that have mobilized the strength of the entire political system, ensuring the implementation of the set policy goals.

It is necessary to promote the spirit of initiative and creativity in implementing assigned tasks of ministries, branches and localities, promote the focal role of units organizing the implementation of policies; promptly remove difficulties and obstacles to successfully implement policies./.