National Assembly deputies discuss economic matters

National Assembly deputies on Thursday agreed policies need to be introduced to improve the business environment to facilitate household enterprises.

VN sets concrete goals set for improving business environment/national competitiveness
Household businesses out from the shadows
NA deputies question EVN power tariff hike

National Assembly deputies discuss economic matters
Deputy Nguyen Lan Hieu speaks at yesterday's session. — VNA/VNS Photo Phuong Hoa

In yesterday's session, deputies discussed the Government’s supplementary report on socio-economic and State budget performance in 2018 and the early months of 2019.

The report said economic performance in the beginning of 2019 continued to show good signs despite regional and global difficulties.

It stressed that the macro-economy was stable, inflation was under control and major sectors and industries maintained stable growth. Administrative reform and the fight against corruption and wastefulness recorded positive results, winning approval from the public and the business community.

The Government also admitted that the growth model had not been very innovative and still depended on inputs rather than technological advances. It said the country's industries still depend largely on foreign direct investment.

Deputies Hoang Quang Ham from Phu Tho Province, Nguyen Thi Phuc from Binh Thuan Province and Tran Tat The from Ha Nam Province said that while businesses are the main contributors to the GDP and important drivers of growth, a large number of businesses have ceased operations.

More enterprises were set up or restarted operations in 2018 and the first four months of 2019 than in the same period a year before, but even more enterprises closed.

Given that a large number of enterprises closed and most of them were medium and large enterprises, delegate Nguyen Thi Phuc from Binh Thuan Province said the situation reflected an unfavourable investment environment and business policies.

"In order to achieve the goal of having one million businesses by 2020, I think we need to pay more attention to individual (household) businesses,” Phuc said.

She also proposed the Government conduct a thorough analysis of the situation and offer solutions so enterprises can operate effectively and fewer would have to close.

Deputy Tran Tat The from Ha Nam Province said while the Government had been aggressive in cutting administrative procedures to facilitate business and investment, reforms have not happened rapidly enough.

Slow equitisation

Deputies said the process of equitisation was lagging behind schedule even though the Government has ordered enterprises to move more quickly.

Vietnam had planned to complete the equitisation of 85 State-owned enterprises (SOEs) in 2018, including 64 large companies. However, only 17 SOEs had completed the process by the end of the year. The equitisation of the remaining firms was delayed until 2019 and beyond.

 

Deputy Nguyen Truong Giang from Dak Lak Province said there were numerous reasons for the slow pace, including the influence of interest groups and difficulties in the search for consultants, evaluating enterprises and securing approval of land use plans.

Authorities need to strengthen supervision and sanction leaders of SOEs that lag behind schedule. It is also necessary to revise the list of SOEs awaiting equitisation and divestment, he said.


Power price hike

Discussion about the recent power price hike heated up the NA morning session.

NA deputies questioned whether Vietnam Electricity (EVN) and the Ministry of Industry and Trade (MOIT), EVN’s direct supervisor, had carefully considered the impact of their price hike on the country’s socio-economic development and the Government’s effort to rein in inflation.

“The Government has a responsibility to foresee the impact of a power price hike on the people’s livelihoods and the country’s socio-economic development,” said deputy Nguyen Quoc Han from southern Ca Mau Province.

Han said while basic income for the majority of people has not increased, prices for essential goods and services such as petroleum, healthcare, education and now electricity has continued to climb.

Such increases severely affect people's lives and make it very difficult to maintain a lower than four per cent inflation target set by the NA.

Deputy Nguyen Sy Cuong from central Ninh Thuan Province said during his meeting with voters prior to this year's NA session that many people had voiced their concern about the fairness, transparency and logic behind the price hike.

“EVN claimed the price only increased by 8.36 per cent, but voters told me their power bills had increased by two to three times,” Cuong said.

He said it was difficult to tell voters that "we want our country to develop and people’s lives to be better" yet still try to maintain power consumption at a low level.

“EVN always told us they will put the money from the price hike back into infrastructure investment, yet they have repeatedly reported heavy financial losses for years, despite enjoying a market monopoly for decades,” Cuong said. “Perhaps it’s time to question their investment decisions.”

On May 24, the Government Inspectorate announced an inspection of EVN was underway. The inspectorate has 35 days to review the legality and transparency of EVN’s power tariff increase.

VNS

 
 

Other News

.
Top leader pays respect to late President Ho Chi Minh
Top leader pays respect to late President Ho Chi Minh
POLITICSicon  01/09/2020 

Party General Secretary and President Nguyen Phu Trong offered incense to commemorate late President Ho Chi Minh at House No 67 inside the Presidential Palace complex in Hanoi on September 1, 

New policies take effect in September
New policies take effect in September
POLITICSicon  01/09/2020 

Since September 1, a married individual shall be fined VND 3-5 million if he/she cohabits with a partner as husband and wife, 

Vietnam works to promote role of AIPA
Vietnam works to promote role of AIPA
POLITICSicon  01/09/2020 

The National Assembly of Vietnam, as Chair of the ASEAN Inter-Parliamentary Assembly (AIPA) in 2020, has taken initiative in organising activities of AIPA in suitable forms, despite the complexity of COVID-19.

All activities in Hoang Sa, Truong Sa without permission violate Vietnam’s sovereignty: Spokeswoman
All activities in Hoang Sa, Truong Sa without permission violate Vietnam’s sovereignty: Spokeswoman
MARITIME SOVEREIGNTYicon  01/09/2020 

Foreign Ministry Spokeswoman Le Thi Thu Hang reiterated Vietnam’s consistent view that all activities in Vietnam’s Hoang Sa (Paracel) and Truong Sa (Spratly) without its permission violate the country’s sovereignty over the two archipelagos.

Top leader urges further targets ahead of National Party Congress
Top leader urges further targets ahead of National Party Congress
POLITICSicon  01/09/2020 

Party General Secretary, President Nguyen Phu Trong has urged the upcoming 13th National Party Congress to look ahead to the middle of the 21st century, with targets to turn Vietnam into a socialist-oriented developed country

Stories about a special flight
Stories about a special flight
FEATUREicon  01/09/2020 

Ms. Nguyen Thi Huong Lan - Deputy Director of the Ministry of Foreign Affairs’ Department of Consular Affairs – talks to VietNamNet about behind-the-scenes stories about Vietnam’s measures to protect its citizens during the Covid-19 pandemic.

The Politburo approves three provincial Party secretaries
The Politburo approves three provincial Party secretaries
POLITICSicon  31/08/2020 

The Politburo has approved the appointment of the Secretary of the Party Committees of Quang Ngai, Hau Giang, and Phu Yen provinces for the term 2015 - 2020.

E-governance approaches critical mass
E-governance approaches critical mass
POLITICSicon  31/08/2020 

Vietnam has made significant headway in developing an effective e-government, making public services far more accessible for enterprises, investors, and individuals.

ASEAN, RoK ministers meet within framework of AEM-52
ASEAN, RoK ministers meet within framework of AEM-52
POLITICSicon  31/08/2020 

ASEAN economic ministers held online consultations with external partners, including the Republic of Korea (RoK), within the framework of the 52nd ASEAN Economic Ministers’ Meeting (AEM-52) and related meetings, on August 29.

Action plan to bolster CLMV economic growth approved
Action plan to bolster CLMV economic growth approved
POLITICSicon  30/08/2020 

Cooperation in trade and investment, human resources, and post-pandemic economic recovery will be the focus of a 2021-2022 joint plan of action freshly adopted by Cambodia, Laos, Myanmar and Vietnam (CLMV) at the 12th CLMV Economic Ministers Meeting.

Japan calls for peaceful settlement of East Sea issue
Japan calls for peaceful settlement of East Sea issue
MARITIME SOVEREIGNTYicon  29/08/2020 

Japanese Foreign Minister Toshimitsu Motegi on August 28 called on parties involved in the East Sea issue to pursue the peaceful settlement of conflicts based on international law.

PM chairs ceremony marking 75th anniversary of National Day
PM chairs ceremony marking 75th anniversary of National Day
POLITICSicon  29/08/2020 

Prime Minister Nguyen Xuan Phuc and his spouse chaired a ceremony marking the 75th anniversary of Vietnam's National Day (September 2) in Hanoi on August 28.

Cambodia’s Royal Order posthumously presented to former Ambassador
Cambodia’s Royal Order posthumously presented to former Ambassador
VIETNAM & WORLDicon  29/08/2020 

Cambodia’s Royal Order of Sahametrei-Mahasena (Grand Officer) was posthumously presented to former Vietnamese Ambassador to Cambodia Ngo Dien during a ceremony held at the Cambodian Embassy in Hanoi on August 28.

Hanoi Chairman prosecuted and detained
Hanoi Chairman prosecuted and detained
POLITICSicon  28/08/2020 

The Ministry of Public Security’s Investigation Agency today decided to detain for four months and launch criminal proceedings against Hanoi Mayor Nguyen Duc Chung 

Vietnam hosts 11th ASEAN Connectivity symposium
Vietnam hosts 11th ASEAN Connectivity symposium
POLITICSicon  28/08/2020 

The Vietnamese permanent mission to ASEAN on August 28 hosted the 11th ASEAN Connectivity Symposium on “Enhancing ASEAN Cohesiveness, Responsiveness through Resilient Connectivity and Human Capital Development.”

Vietnam-Cambodia border topographic maps to be sent to UN
Vietnam-Cambodia border topographic maps to be sent to UN
POLITICSicon  28/08/2020 

Cambodian border affairs committee chairman Var Kimhong said the government will send newly-drawn Vietnam-Cambodia border topographic maps to the UN for international recognition.

US condemns China’s firing of missiles in East Sea
US condemns China’s firing of missiles in East Sea
MARITIME SOVEREIGNTYicon  28/08/2020 

The US Department of Defence has voiced concern about China’s recent decision to conduct military exercises, including the firing of ballistic missiles around Vietnam’s Hoang Sa Archipelago in the East Sea.

Vietnam respected in international arena: Ambassador
Vietnam respected in international arena: Ambassador
POLITICSicon  28/08/2020 

Vietnam has received huge support and respects in the international arena, said Ambassador Dang Dinh Quy, who has assumed the position as head of the Vietnam Permanent Mission to the UN for two years.

Activities in Truong Sa without Vietnam’s permission have no merit
Activities in Truong Sa without Vietnam’s permission have no merit
MARITIME SOVEREIGNTYicon  28/08/2020 

Any activities in Vietnam’s Truong Sa (Spratly) archipelago without the country’s permission are meaningless, spokeswoman of the Foreign Ministry Le Thi Thu Hang said on August 27.

Veteran diplomats remember Vietnam’s 75 years of diplomacy
Veteran diplomats remember Vietnam’s 75 years of diplomacy
FEATUREicon  29/08/2020 

Senior diplomats who have directly contributed to many milestones of the diplomatic sector shared valuable industry lessons at a recent seminar "75 years of Vietnamese diplomacy: Lessons and direction”.

 
 
 
Leave your comment on an article

OR QUICK LOGIN