The event was held in the form of video conference with connection to 62 NA deputy delegations in localities nationwide.

The NA leader noted that the fourth wave of Covid-19 has posed severe impacts on many sectors, seriously affecting production and business activities as well as the livelihoods and living conditions of people.

National Assembly Chairman Vuong Dinh Hue speaks at the opening of the 15th NA’s second session.

With a minus 6.17% year on year economic growth in the third quarter, the country’s economy expanded only 1.42% in the first nine months of this year, the lowest level since 200, he said, adding that economic growth for the whole year is likely to reach only 2.5-3%, far below the target set by the NA at about 6%.

Thanks to the solidarity of the whole nation, social consensus and the active engagement of the entire political system as well as the support and trust of the people and assistance from the Vietnamese community abroad and international friends, Covid-19 has been put under control across the nation, he said.

Meanwhile, the macro-economy has remained stable, and the agricultural sector has recorded strong growth and continued to be the backbone of the economy and social stability, said the NA leader.

He underlined that exports have surged over the same period last year, while inflation has been reigned in, State budget collection and major balances of the economy have been ensured, social welfare and security have received great attention, and national defence, security and social order have been maintained.

The top legislator briefed on the working programme of the second session, with two laws and five resolutions to be adopted, and five other bills along with the Government’s reports on a series of important issues to be tabled for discussion. Question-and-answer sessions will also be held.

The NA leader asked all legislators to show high sense of responsibility in the debate, speaking out voters’ opinions and deciding important matters.

Following the opening ceremony, Prime Minister Pham Minh Chinh delivered a report on the results of the socio-economic development plan for 2021 and a draft plan for 2022.

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Businesses want HCMC to reopen its economy soon to ensure their survival after over three months of social distancing amid prolonged Covid-19 outbreaks.

Bac Giang quickly recovers economy and focuses on disease prevention and control

(BGO) – On July 20, Le Anh Duong, Chairman of the Bac Giang provincial People’s Committee chaired the regular meeting of the People’s Committee in July.

How Vietnam’s economy has changed over five years

Vietnam recorded an average GDP growth of 6 percent a year in the last five years, among the highest in the world.

Vietnam’s economy to surpass Singapore's by 2030: DBS Bank

Vietnam’s economy is expected to grow by between 6-6.5 percent over the next decade, and at this pace, it will surpass Singapore by 2030, DBS Bank experts have said.

Vietnam’s economy to maintain position as fourth largest in ASEAN

Vietnam’s GDP in 2020 reached about US$343 billion, surpassing Singapore (with about US$337.5 billion) to rank fourth in ASEAN and among the top 40 largest economies in the world.

Source: NDO/VNA