NA Standing Committee urges faster implementation of support package for recovery

The National Assembly (NA) Standing Committee on Saturday morning gave opinions on the implementation and capital allocation for tasks and projects under the programme on socio-economic recovery and development.

The National Assembly Standing Committee had a session on Saturday on the progress of the socio-economic recovery and stimulus programme. — VNA/VNS Photo Doãn Tấn

The National Assembly (NA) Standing Committee on Saturday morning gave opinions on the implementation and capital allocation for tasks and projects under the programme on socio-economic recovery and development.

Under the chair of NA Chairman Vương Đình Huệ, the discussion focused on the tentative portfolio and level of capital to be allocated for tasks and projects; plans to use the budget revenue from increased collection and saved costs; and the remaining funds of the central budget in 2021.

Minister of Planning and Investment Nguyễn Chí Dũng presented a report of the Government on the implementation of the programme on socio-economic recovery and development.

The meeting also heard a report presented by Chairman of the NA Finance - Budget Committee Nguyễn Phú Cường on the Government's report.

NA Chairman Huệ said the NA Standing Committee valued and welcomed the Government's submission of these issues.

He said Resolution No. 43/2022/QH15 on recovery for 2022 and 2023 was issued during an extraordinary meeting of the parliament but after five months, the Government has not had a detailed portfolio of the projects that will draw budget from the programme, so that the NA can give its feedback, which undermines effectiveness of the stimulus.

The top legislator urged the Government to assess the cause of the delay, to soon have concrete results from this important policy package.

The NA Standing Committee requested the Government to promptly announce the remaining capital, including VNĐ14 trillion (US$603.6 million) for the field of health infrastructure; VNĐ11.83 trillion for other infrastructure projects so that ministries, central agencies and localities have grounds to speed up the progress of investment procedures.

The Government needs to direct and urge ministries, and central and local agencies to quickly complete investment procedures in accordance with regulations so that the Government can complete the portfolio and report to the NA Standing Committee for comments before allocating capital, Hue said.

The NA Standing Committee also agreed with the Government's proposal to spend VNĐ9.62 billion out of the VNĐ176-trillion package set out in Resolution No. 43/2022/QH15 to allocate capital for three expressway projects in the portfolio of national important projects: the first phase of Châu Đốc-Cần Thơ-Sóc Trăng Expressway, first phase of Khánh Hoà-Buôn Ma Thuột Expressway, and first phase of Biên Hoà-Vũng Tàu Expressway – to submit to the NA for consideration at the ongoing 3rd plenary session. — VNS

Source: VNS
vietnamnews.vn

Related News

Minister of Finance: Fairness and transparency for the insurance market

Minister of Finance: Fairness and transparency for the insurance market

VCN - According to Minister of Finance Ho Duc Phoc, the Ministry has strengthened inspections to correct violations in the insurance sector, demonstrating fairness and transparency in the market.
8 solutions to perform revenue collection of Customs industry in 2024

8 solutions to perform revenue collection of Customs industry in 2024

VCN – The revenue collection of the Customs industry in 2023 has been affected due to difficulties and challenges. The estimated revenue in 2023 decreases by 16% year-on-year to VND365,000-367,000 billion. In 2024, the Customs strives to complete the revenue target of VND375,000 billion assigned by the National Assembly.
Proposing National Assembly to add more than VND2.5 trillion for recurrent spending estimates

Proposing National Assembly to add more than VND2.5 trillion for recurrent spending estimates

VCN - On October 17, 2023, the National Assembly (NA) Standing Committee considered adding the 2023 State budget recurent spending estimates for ministries, central agencies, and localities. Vice Chairman of the National Assembly Nguyen Duc Hai chaired the meeting.
NA Standing Committee’s 27th session opens

NA Standing Committee’s 27th session opens

The 27th session of the National Assembly (NA) Standing Committee opened on October 11.

Latest News

Standard Chartered revises down Vietnam’s  GDP growth forecast in 2024 to 6%

Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%

Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6.7% due to lower-than-expected Q1 growth and global trade headwinds.
Investor confidence gains traction on improved business climate

Investor confidence gains traction on improved business climate

Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pool of both domestic and international investors for socio-economic development.
Vietnam

Vietnam's exports to Canada lead among CPTPP countries

VCN - Ms. Tran Thu Quynh, Commercial Counselor, Vietnam Trade Office in Canada shared with Customs Magazine about the picture of Vietnamese goods in Canada with a lot of potential that can be further exploited, and recommendations for businesses, along with activities deployed by the Trade Department to support businesses to conquer this attractive "billion dollar" market.
Many new regulations aim to drastically remove the IUU "Yellow Card"

Many new regulations aim to drastically remove the IUU "Yellow Card"

VCN - Many new regulations against illegal, unreported, unregulated (IUU) fishing have been issued to help Vietnam complete the legal framework and soon remove the IUU "Yellow Card" in 2024.

More News

PM chairs meeting of national committee for digital transformation

PM chairs meeting of national committee for digital transformation

Prime Minister Pham Minh Chinh chaired the eighth meeting of the National Committee for Digital Transformation on April 24, which aims to assess digital transformation efforts and development of the digital economy in recent times and discuss tasks and solutions for accelerating the work in 2024.
Seize the golden opportunity as retail giants look for supplies in Vietnam

Seize the golden opportunity as retail giants look for supplies in Vietnam

VCN - The world's leading purchasing and retail corporations all plan to increase the purchasing of goods in Vietnam. However, Vietnamese businesses still need to improve many factors to be able to grasp this opportunity.
Government’s action programme cracks down on illegal fishing

Government’s action programme cracks down on illegal fishing

A raft of measures to deal with illegal, unreported and unregulated (IUU) fishing is included in the Government’s freshly issued action programme as the country is striving to clamp down on illegal fishing, or else it will be hit by the European Commission (EC)’s warning card.
PM calls on ASEAN to pen strategic development vision

PM calls on ASEAN to pen strategic development vision

The Association of Southeast Asian Nations (ASEAN) should have a strategic and comprehensive vision, and improve its resilience capacity to grasp opportunities and handle global headwinds for stable and sustainable development, Prime Minister Pham Minh Chinh said on April 23.
Forum to discuss new initiatives on ASEAN future vision: Deputy FM

Forum to discuss new initiatives on ASEAN future vision: Deputy FM

The ASEAN Future Forum 2024 (AFF 2024), which will take place in Hanoi on April 23, is expected to create a platform for stakeholders to contribute ideas and initiatives on the Association of Southeast Asian Nations (ASEAN)’s future vision, Vietnamese Deputy Minister of Foreign Affairs Do Hung Viet has said.
Investors play a key role in developing the industrial park system

Investors play a key role in developing the industrial park system

VCN - Dr. Phan Huu Thang, Chairman of the Executive Committee of the Vietnam Industrial Park Finance Association, former Director of the Foreign Investment Department (Ministry of Planning and Investment), said that basically, developing an industrial park successfully or not mainly depends on businesses, entrepreneurs - industrial park investors.
Green transformation and ESG practice to participate in the global competition

Green transformation and ESG practice to participate in the global competition

VCN - Vietnam is in a transition period from encouraging to mandating green and sustainable criteria so as not to fall behind or be excluded from the green transformation trend that is taking place strongly around the world.
Factors influencing Vietnam’s FMCG market

Factors influencing Vietnam’s FMCG market

Economic outlook, demographic transformation and changing consumer trends are among macro shifts reshaping Vietnam’s fast-moving consumer goods (FMCG) landscape, according to marketing data and analytics company Kantar Worldpanel.
Shrimp exports to major markets bounce back

Shrimp exports to major markets bounce back

Having identified its weakness in 2023, entering the first quarter of 2024, Vietnam's shrimp industry has undergone a clear change, reflected through increases in exports to major markets.
Read More

Your care

Latest Most read
Standard Chartered revises down Vietnam’s  GDP growth forecast in 2024 to 6%

Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%

Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6.7% due to lower-than-expected Q1 growth and global trade headwinds.
Investor confidence gains traction on improved business climate

Investor confidence gains traction on improved business climate

Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pool of both domestic and international investors for socio-economic development.
Vietnam

Vietnam's exports to Canada lead among CPTPP countries

VCN - Ms. Tran Thu Quynh, Commercial Counselor, Vietnam Trade Office in Canada shared with Customs Magazine about the picture of Vietnamese goods in Canada with a lot of potential that can be further exploited, and recommendations for businesses, along wi
Many new regulations aim to drastically remove the IUU "Yellow Card"

Many new regulations aim to drastically remove the IUU "Yellow Card"

VCN - Many new regulations against illegal, unreported, unregulated (IUU) fishing have been issued to help Vietnam complete the legal framework and soon remove the IUU "Yellow Card" in 2024.
PM chairs meeting of national committee for digital transformation

PM chairs meeting of national committee for digital transformation

Prime Minister Pham Minh Chinh chaired the eighth meeting of the National Committee for Digital Transformation on April 24, which aims to assess digital transformation efforts and development of the digital economy in recent times and discuss tasks and solutions for accelerating the work in 2024.
Mobile Version