Main balances are maintained for industrial production

Tran Thi Hong Thanh, Member of the National Assembly of Ninh Binh Province

I suggest that the government focus on leading the implementation of a number of tasks and decisions.

First, there is a need to promote institutional improvement, create an enabling environment to promote economic growth, and focus on decisively promulgating and implementing more effective policies and solutions to remove obstacles, especially legal issues regarding land valuation and access to capital.

The government will also need to soon adopt a legal framework to promote the development of the digital economy, green economy, circular economy and energy transition.

Secondly, although the corporate bond market is recovering very positively, the recovery is not yet synchronized. Private issuance still accounts for the bulk, and the biggest risk is that the amount of corporate bonds maturing in 2024 is huge, worth about VND380 trillion ($15.83 billion).

The government is therefore advised to focus on developing a safe, professional and sustainable corporate bond market through the following key decisions. In particular, there is a need to quickly reform procedures, shorten issuance and licensing times, supplement credit rating incentive policies, and publish credit rating information for enterprises.

At the same time, it is also necessary to quickly consider and license several more credit rating companies with sufficient capacity, as well as diversify products in the corporate bond market. Currently, there is mainly only one type of corporate bond, while green bonds, construction bonds, sustainable bonds and social bonds are largely unmentioned.

It is necessary to improve the infrastructure of the corporate bond market as a secondary market and focus on strengthening the bond and collateral database. In addition, there is a need to improve the quality of individual investors in the market by increasing their financial education and at the same time introducing policies to encourage institutional investors.

Pham Hung Thang, Member of the National Assembly of Ha Nam Province

In 2024, the country faced many adverse factors, both external and internal economic shortcomings, while being heavily affected by natural disasters. However, with the high determination of the entire political system, the economy overcame them, achieving many important and comprehensive results since the beginning of the term. But there are still many constraints that need to be addressed, such as credit growth, interest rate support, and lowering interest rates on loans that fail to meet their targets. The production and economic activities of enterprises continue to face many difficulties, while the number of enterprises leaving the market remains large. Although growth rates and labor productivity have reached and exceeded the target for three years, they still remain low.

Moreover, the rate of absorption of public investment capital is still low. There are still many issues in health care and education that are of concern to voters and the public but have not been resolved.

The Government is encouraged to continue to review, amend and amend policies to address bottlenecks for businesses, especially administrative procedures and loan interest rates, creating new business benefits for recovery and development.

There is also a need to further strengthen governance, focus on implementing solutions to remove barriers, accelerate the absorption of public investment capital, prioritize the allocation of resources for infrastructure investments that link national targeted programs, and explore mechanisms to allow localities to transfer capital from underperforming projects to others. key projects. projects to attract investment resources.

Trinh Lam Sinh, Member of the National Assembly of An Giang Province

With GDP growth reaching 6.82 percent in the first nine months of the year, and the determination to aim for growth rates in excess of 7 percent throughout the year, I commend the government for its proactive and decisive leadership. This is a huge effort in the remaining months of the year.

To achieve this goal, I suggest that the government continue to implement scenarios that allow it to respond quickly to economic growth levels, effectively implement solutions, focus on traditional growth drivers, especially exports, and at the same time facilitate the implementation of new growth drivers.

According to the government report, in the first 10 months of this year, our country’s total import-export trade turnover is estimated at $647.87 billion, an increase of 15.8 percent. At the same time, the total import-export turnover in 2024 is projected to be at a record level – more than $800 billion.

This indicates a recovery in domestic production and consumer demand, in which there is a high share of exports from enterprises with foreign investment.

However, we are concerned that the number of Vietnamese enterprises leaving the market is increasing, which means that many enterprises still face many difficulties.

The government is advised to continue to provide policy support to help domestic businesses emerge from difficulties, while at the same time implementing stronger support policies to protect and stimulate domestic consumption of goods in the face of increasingly tight penetration of goods, especially low-cost goods. goods from abroad through e-commerce transactions and social media.