National Assembly to lift nation’s development

15:23 | 20/10/2010
The eighth session of the 12th National Assembly kicked-off this morning, laying a firm foundation for 2011’s socio-economic development.

The session, which will last over one month, will table and decide on many issues vital to Vietnam’s development. It will consider the government’s reports on socio-economic development in 2010 and 2011, programmes on state and local budget allocation in 2011.

The sitting will discuss and ratify nine bills on Environment Protection Tax, Inspection (revised), Administrative Procedures, Civil Servants, Consumer Rights Protection, Minerals (revised), Insurance Business (revised), Securities (revised), and the revised Election of National Assembly Deputies and People’s Council Members.

One draft resolution about tax on the use of agricultural land will also be passed at the sitting.

Moreover, the session will also discuss nine other bills for the first time. They are the Independent Auditing, Complaints, Denouncement, Measure, Preventing and Combating Human Trading, Archives, revised Cooperatives, revised Civil Procedure and Capital bills.

Besides, the session will also look carefully into the Dung Quat oil refinery project, Vinashin’s operation and capital use, and localities’ leasing land to foreign companies to plant forests in border areas. The session will also give comment on the draft documents which will be submitted to the 11th National Party Congress slated to take place in 2011.

National Assembly chairman Nguyen Phu Trong said that efforts made by the country’s whole political system, government, enterprises and people had resulted in an expected 6.7 per cent economic growth rate this year.

Prime Minister Nguyen Tan Dung said Vietnam’s preceded tasks in 2011 would exclusively be to continue stabilising the country’s macro economy, bridling inflation and keeping firm economic growth, with a rate of 7-7.5 per cent.

The gross domestic product (GDP) will be $112.8-$113.8 billion for 2011, when per capita GDP will be $1,300.

It is expected that the country’s total export for 2011 will be $74.8 billion, up 10 per cent against 2010. The total state budget collections will be about VND590.5 trillion ($31 billion) next year.

By Thanh Tung


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