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| National Assembly Chairman Vuong Dinh Hue delivers the opening speech at the Vietnam Socio-Economic Forum 2023. (Source: National Assembly) |
In his opening speech, National Assembly Chairman Vuong Dinh Hue stated that the Vietnam Socio-Economic Forum is an annual event of the National Assembly, an important way to gather and widely promote the intelligence, enthusiasm and responsibility of National Assembly deputies, people, voters, experts, scientists, domestic and foreign enterprises and businessmen to contribute to important national issues and decisions of the National Assembly.
Through two times of organization, the Forum has attracted great attention from society, people and the business community at home and abroad, as well as news agencies, press, international and domestic organizations, central and local.
The National Assembly Chairman said that the world situation is evolving in a complex and unpredictable manner. The Covid-19 pandemic has left many serious “sequelae” not only on human health, but also greatly affecting the economy and causing unpredictable consequences.
Amid the common difficulties of the world and the region, from the fourth quarter of 2022, Vietnam's growth drivers and industrial production... tend to slow down as major export and import markets shrink and many supply chains are broken.
The world situation continues to evolve in a complex and unpredictable manner, with the consequences of the prolonged Covid-19 pandemic; the Russia-Ukraine conflict and competition between major powers becoming increasingly fierce and profound; record high inflation in some major economies; continued tightening of monetary policies in major countries; low economic growth, weak aggregate demand, and increased protectionist barriers; public debt, financial markets, currencies, banks, and real estate in some countries are fraught with many risks.
According to him, the policies proposed at the 2022 Forum will continue to be studied by the National Assembly, the National Assembly Standing Committee, the Government, relevant agencies and organizations to develop and issue strong policies to promptly respond to the new situation.
The National Assembly Chairman stated: "Thanks to the correct, timely, and unprecedented policies and solutions in recent times, under the strong, synchronous, and effective leadership and direction of the Party Central Committee, the Politburo, and the Secretariat, along with the support and supervision of the National Assembly and the strong management of the Government, looking at the overall situation over the past half term, Vietnam has basically firmly overcome difficulties and challenges in the face of "headwinds" and achieved many important and quite comprehensive results.
The economy maintained its growth momentum and was a bright spot in the otherwise bleak global economic picture. The macroeconomy was stable, inflation was under control, and the country’s credit rating and international standing continued to improve.
In the first 8 months of 2023, attracting foreign direct investment (FDI), disbursing public investment, and the service sector have had more positive changes; some key industrial areas have recovered or maintained rapid growth; social security work has received attention...".
With the spirit of "unanimity, joint efforts, overcoming difficulties together", to achieve the practical goals of the Forum, the National Assembly Chairman expressed his desire to listen to opinions, exchange and discuss focusing on answering three issues.
Firstly, forecast the context of the regional and global economic and financial situation, opportunities, risks and challenges for the Vietnamese economy in 2023, 2024 and the following period.
Second, the current socio-economic situation, difficulties, challenges, major bottlenecks and resilience of the economy, businesses and workers.
Third , what are the endogenous strengths, motivations and fundamental solutions to remove bottlenecks, unblock resources, strengthen internal strength, and create momentum for socio-economic growth and development in 2023, 2024 and for the entire 2021-2025 term?
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| Delegates chaired the opening ceremony of the Vietnam Socio-Economic Forum 2023. (Source: National Assembly) |
Speaking at the opening session, Politburo member and Director of the Ho Chi Minh National Academy of Politics Nguyen Xuan Thang affirmed that the Vietnamese economy has overcome the most difficult time, but it is necessary to frankly acknowledge the difficulties, obstacles and challenges that cannot be overcome overnight.
To determine the growth scenario in the coming time, Mr. Nguyen Xuan Thang suggested that delegates attending the Forum find practical, feasible, and breakthrough solutions to restore important growth drivers of the economy such as: Fully assessing and proactively restoring domestic consumption; restoring investment capital flows; removing difficulties, restoring production and business of enterprises.
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| Overview of the Vietnam Socio-Economic Forum 2023. (Photo: GT) |
Looking back at the efforts and achievements over the 2021-2025 term, Mr. Nguyen Xuan Thang said that Vietnam needs to inherit three lessons.
Firstly , the lesson of transferring external risks and challenges in the context of strategic competition between major countries creates fragmentation and disruption of the world economy, the shift and separation of global supply chains becomes an opportunity for Vietnam to promote its role as a focal point for connection, attracting investment flows and promoting exports.
Second, the lesson is about overcoming difficulties and the more difficult it is, the more we need to pay attention to the goal of ensuring social security, actively supporting workers and the poor in the face of the risk of job loss, reduced income and increased prices of many essential goods.
Third , lessons in organizing the implementation of policies and guidelines on the principle: Must closely follow the program and action plan; proactively, creatively, flexibly propose feasible solutions, closely follow reality, associated with concretization and individualization of responsibilities; promote decentralization and delegation of power associated with authorization, empowerment and specific assignment of power; innovate thinking and methods of resource allocation...
After the opening session, on the morning of September 19, the Forum will conduct Topic 1 with the theme "Strengthening internal strength, unleashing resources, supporting businesses to overcome difficulties" and Topic 2 with the theme " Improving labor productivity, ensuring social security in the new context".
In the afternoon of the same day, there will be a Plenary Session with the theme: " Enhancing endogenous capacity, creating momentum for growth and sustainable development".
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