VietNamNet Bridge – During a discussion on the country’s current debt, NA deputies urged the Government to tighten the management of investment funds, as well as prioritise projects that help link different regions of the country and those with good return of investment.

NA deputies urged the Government to tighten the management of investment funds, as well as prioritise projects that help link different regions of the country and those with good return of investment. — VNA/VNS Photo

As Vietnam’s debt rises, there is a risk it may hurt the country’s credibility should it fail to make good on its financial commitments.

In response, Deputy PM Vuong Dinh Hue said the State’s revenue for this year may exceed 5 per cent of the original target. The Government is also in the process of coming up with a new set of targets for growth, which is expected to reflect a more accurate growth rate for localities across the countries.

“However, our top priority is still to cut down on losses to the State’s revenue. This is particularly relevant when it comes to the private sector,” said the Deputy PM.

One of the many reasons why Vietnam is still struggling to build a sustainable economy is that it relies heavily on FDI businesses, according to deputy Tran Quoc Vuong.

While admitting the importance of attracting FDI, Vuong called for localities to come up with measures to bolster their own economic drives.

He also asked the Government to make sure the environment is better protected. Citing recent examples of man-made environmental disasters, the construction of a number of hydropower projects and growing concerns over the adverse effects of climate change, he urged measures to be taken to set up an early warning system for natural disasters.

Vuong also asked the Government to include the sea economy as a major part of the country’s 5-year and 10-year plans. He said with tens of millions of Vietnamese people relying on the sea to make a living, a robust and sustainable sea economy should be an indispensable part of Vietnam.

Land use

In light of recent disputes over land use rights in some areas within the new Thu Thiem residential area in HCM City, the NA’s stance was that the city’s authorities and agencies must take care so that citizens’ rights are protected, dialogues are to be held in order to reach a settlement and the use of force is prohibited, said deputy Nguyen Thi Quyet Tam, who is also the chairwoman of the city’s People Committee.  

“The city hopes for a solution that will be in the best interest of the city’s residents, local government as well as the investors,” said Tam.

She said the city had formed a number of task forces charged with holding talks with citizens and surveying the land to come up with solutions, which would be submitted to the city’s authority for consideration.

The city would hold another meeting with citizens in early November to answer questions on matters related to land use not just in Thu Thiem but also other areas in the city.

Law on Architecture

The NA listened to a draft version of the Law on Architecture presented by Minister of Construction Pham Hong Ha.

Ha said there had been issues and concerns regarding the management of architecture designs and the development of the profession in recent years. The minister attributed such problems to the lack of a comprehensive and coordinated legal framework.

The draft version consists of 4 chapters and 37 clauses which are expected to address two major areas: the management of architecture works and professionals.

Head of the NA’s Committee on Science, Technology and Environment Phan Xuan Dung said the NA supports the planned Law on Architecture. The committee asked the construction ministry to include the preservation of Vietnamese architecture style, especially that of Vietnamese ethnic minority groups. 

Source: VNS