Legislators continue discussing socio-economic development situation

Legislators are continuing with discussions on the performance of the 2022 socio-economic development plan, socio-economic development plan for 2023, 2022 State budget , and 2023 State budget estimate, public investment plan and State budget allocation plan on the eight working day of the 15th National Assembly’s fourth session on October 28.

In the afternoon, they will review the implementation of Resolution No. 54/2017/QH14 on piloting typical development mechanisms and policies for Ho Chi Minh City. The session will be broadcast live on television and radio channels.

According to a Government report presented at the opening ceremony of the fourth session, the country's GDP growth hit 8.83% in the first three quarters of this year. It is estimated at about 8% for the whole of this year, surpassing the set target of only 6-6.5%.

The Government set 15 key socio-economic targets for next year, including a GDP growth of some 6.5%, a 4.5% hike in consumer price index, labour productivity growth of 5-6%, unemployment rate in urban areas below 4%, and a 1-1.5% reduction in multidimensional poverty rate. Regarding the resolution on piloting typical development mechanisms and policies in HCM City, the report said over the past five years, the southern economic hub has reaped significant outcomes, with its GDP in the first half of this year growing 3.82%.

The Government proposed the NA allow HCM City to further implement the resolution until the end of 2023.