It is recommended to supervise the stock market, corporate bonds, and real estate market

On the morning of May 25, at the opening session of the 3rd session, the XV National Assembly, implementing the assignment of the Standing Committee of the National Assembly, on the basis of the Government’s report, opinions of agencies of the National Assembly, the Committee members, Conclusions of the National Assembly Standing Committee, Chairman of the National Assembly’s Economic Committee Vu Hong Thanh on behalf of the Ethnic Council and the National Assembly’s Committees report to the National Assembly to present the verification report. additional assessment of the implementation results of the socio-economic development plan and the state budget in 2021; performance in the first months of 2022.

Chairman of the Economic Committee Vu Hong Thanh said that 2021 is a year facing many unprecedented difficulties and challenges. The Covid-19 epidemic broke out nationwide, changing rapidly, complicatedly, and severely affected the economy. production and business and all aspects of socio-economic life.

However, under the leadership and direction of the Party and National Assembly, the Government has made the right and timely decisions, mobilizing the strength of the whole political system, the support of the People, the business community, etc. industry and support from the international community along with the shift from the strategy of “prevention and control of the Covid-19 epidemic” to “safely adapting, flexibly, effectively controlling the Covid-19 epidemic”, economic – society has prospered, GDP in the fourth quarter increased by 5.22%, the whole year reached 2.58%, thereby, completing at the highest level the set targets and tasks.

The epidemic is effectively controlled; 7/12 socio-economic targets achieved and exceeded the plan. The macro economy is stable, the average CPI for the whole year only increased by 1.84%, the state budget revenue increased by 16.8% compared to the estimate, overspending, public debt within the allowable limit, trade surplus reached more than 4 billion USD instead of the estimated trade deficit of 2 billion USD; interest rates decreased, credit growth, social security, and support for people, employees and employers were actively implemented, contributing to strengthening the people’s confidence and stabilizing society. .

Besides the achieved results, there are also many limitations, shortcomings and weaknesses that need to be overcome. Those are 5 important socio-economic indicators that did not meet the target (increasing by 1 target compared to the reported number), the target of socio-labor productivity growth rate was only 4.71% compared with the target. spend 4.8%. The work of epidemic prevention and control is sometimes passive and embarrassing; The medical capacity, especially at the grassroots level, is still inadequate, and mistakes in bidding, procurement of medical supplies and equipment, and many serious cases have occurred.

Budget revenue exceeds the estimate but is not sustainable. The estimated state budget revenue reported to the National Assembly is very different from the actual revenue, greatly affecting the preparation of the next year’s estimate, showing the weak forecasting and analytical capacity, especially This situation has persisted for many years.

Along with that, the allocation and allocation of expenditure estimates is slow and prolonged. Disbursement of public investment capital did not meet the plan, the undisbursed capital construction investment capital of the central government was 71,600 billion VND, of which 16,000 billion VND of the national target programs were not allocated. disbursed in 2021, the source must be transferred to 2022; disbursement of foreign capital only reached 32.85% of the estimate; Some ministries and central agencies disburse very low disbursements, reaching less than 20% of the plan.

The Economic Committee said that the progress of equitization and divestment of state capital in enterprises; the completion of legal regulations on equitization and arrangement and renewal of public non-business units is still very slow, failing to achieve the target. Revenue from equitization was low, only 4,402 billion VND/40,000 billion VND, equal to 11% of the estimate while stock market Strong growth in 2021, is a favorable condition for divestment.

The above results show that the policy to remove and promote equitization and divestment of state capital in enterprises is very limited, the implementation organization has not been drastic, but no head has been held accountable for the delay in carrying out this task,” said the Chairman of the Economic Committee.

Regarding the implementation of the Socio-Economic Development Plan and the state budget in the first months of 2022, the Economic Committee suggested the Government should pay more attention and evaluate a number of issues: macroeconomics, major balances still have potential risks; disbursement of public investment is still stagnant, the disbursement rate in the first 4 months of the year only reached 16.36% (lower than 17.04% compared to the same period in 2021) while the disbursement task in 2022 is very heavy. ; the national target programs, the tasks of implementing fiscal and monetary policies to support socio-economic recovery and development according to Resolution No. 43 of the National Assembly have been implemented slowly; potential bad debt risk.

“The stock market, corporate bond, and real estate are risky, unsustainable and unstable. In the stock market, there have been phenomena of increasing capital, manipulating prices, making prices increasingly expensive. sophisticated; some stocks/groups of stocks have unusual price fluctuations, unrelated to business results, causing direct losses to investors and negatively affecting stability and transparency of the market”- Chairman of the Economic Committee said and suggested strengthening the management and supervision of the stock market, corporate bond market, real estate market, promulgating conditions and criteria for development management. corporate bond issuance along with solutions to stabilize the market and increase investor confidence.

In addition, it is recommended to pay attention to the waste of land use in some places and the situation of pushing up land prices in land auctions for self-seeking purposes; congestion of vehicles in exporting and importing agricultural products through the northern border gates; the publicity and transparency of information, ensuring the right provision of information among state agencies; protecting cadres who dare to think, dare to do, go beyond the legal framework for the common good.

Some issues of culture, education, children, and crime prevention are still inadequate. It is necessary to recognize and pay due attention to the mental health status of students, especially due to the impact of the Covid-19 epidemic; Academic pressure, lack of fun and entertainment activities, achievement disease, high expectations of parents, domestic violence, problems with internet information… are the main causes and need to be prioritized. preventive solutions. In addition, the number of people entitled to one-time social insurance benefits increased sharply, in 2016 it was about 500,000 people, by 2021 it will increase by nearly 2 times, more than 960 thousand people, which has had a negative impact on the social security system. steadily expanding social insurance coverage.

The Economic Committee also proposed to strengthen the prevention and control of child abuse, and the prevention and control of children’s accidents and injuries. Effectively implementing the program on labor market recovery and development; have solutions, strive to reduce the number of beneficiaries of the one-time social insurance regime. Strengthen propaganda to clarify Vietnam’s guidelines and views on the situation of Russia – Ukraine; closely monitor issues in the ASEAN region for appropriate diplomatic solutions.

According to Van Duan