Some National Assembly deputies said that growth must be fast but sustainable, maintaining macroeconomic stability, controlling inflation, and ensuring major balances.
On the afternoon of February 14, the National Assembly discussed in groups the supplementary project on socio-economic development in 2025 with a growth target of 8% or more; investment policy for the Lao Cai-Hanoi-Hai Phong railway project; draft resolution on piloting a number of specific and special mechanisms and policies to develop the urban railway network system in Hanoi and Ho Chi Minh City; and specific mechanisms and policies for investment in the construction of the Ninh Thuan nuclear power project.
Commenting on the Supplementary Project on socio-economic development in 2025 with a growth target of 8% or more, expressing agreement with the growth target of 8% or more submitted by the Government, delegate Tran Van Lam (Bac Giang Delegation) said that the above proposal comes from the foundation achieved in 2024 and new developments in the world economy in 2025. To achieve this goal, the Government has proposed a number of additional groups of solutions in addition to the solutions presented at the 8th session.
According to Mr. Lam, the Government's proposal to ease the public debt deficit under the condition of achieving the growth target while still ensuring macroeconomic stability is not a problem. However, currently the deficit and public debt are indicators that the National Assembly has researched and developed to ensure the safety of the national financial system.
“High growth must be maintained but macroeconomic stability and especially inflation must be controlled so that the results of growth can be substantial, improve people's lives, create social progress and national development,” said Mr. Lam.
According to Mr. Lam, we need to try to control inflation below 4%. In 2024, inflation increasing by more than 3% will both stimulate growth and maintain macroeconomic stability. If inflation increases, it will be difficult to mobilize bank deposits and interest rates will increase, businesses will have to pay high interest rates.
Delegate Pham Phu Binh (Nghe An Delegation) also wondered about the ability to ensure safe inflation, because economists around the world have proven that high growth means hot growth and hot growth goes hand in hand with inflation, heating up the real estate market, increasing the gap between rich and poor, possibly not ensuring the environment, and inefficiently exploiting and using resources.
According to Mr. Binh, growth must be rapid but sustainable, macroeconomic stability, inflation control, ensuring major balances, harmonious development between economy and society, environmental protection, and ensuring national security and defense.
Source: https://daidoanket.vn/dai-bieu-quoc-hoi-kiem-soat-lam-phat-duoi-4-de-giu-on-dinh-kinh-te-vi-mo-10299916.html
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