Delegate of the National Assembly: It is necessary to have a solution soon to overcome manipulation of the stock market and control the “blowing” of land prices

Today (June 1), the National Assembly discussed a plenary session to evaluate additionally the results of the implementation of the socio-economic development plan and the state budget in 2021, in the first few months of this year… summarizing and extending the application deadline for all provisions of Resolution 42 on piloting bad debt settlement of credit institutions.

Many delegates shared the same opinion when they said that in the context of the complicated development of the epidemic situation, the world economy had many fluctuations, but with the consensus and determination of the whole political system, the economic situation Socio-economic has had many bright spots and gradually changed in a positive direction.

Meeting scene. (Photo: VNA)

According to many delegates, that change lies in the fact that major balances are secured, inflation is controlled, the handling of bad debts has achieved remarkable results, and state budget revenue in 2021 will increase by 16.8%. , Government debt and public debt under control are lower than the set target.

“SEA Games 31 ended more than a week ago, closing a successful SEA Games with many beautiful impressions, contributing to promoting and promoting the recovery and development of our country’s tourism industry, which has been damaged. This is the 8th year that we have kept inflation under 4%. As a result, global credit rating agency S&P has upgraded its rating. Vietnam’s national credit rating from BB to BB+, with a stable outlook, recognizes the country’s strong economic recovery,” said Mr. Tran Hoang Ngan, Member of the National Assembly of Ho Chi Minh City.

“Economic growth, a composite indicator, reflecting the macroeconomic situation, reaching a fairly high level of over 5% is a high growth rate compared to other countries in the region and the world. This is an important indicator that assesses the actual beliefs of foreign partners in socio-economic recovery and development in our country. We have conditions to choose partners, investment technology, and improve the quality of foreign investment in terms of both capital scale and technology level,” said Mr. Huynh Thanh Phuong, Member of the National Assembly of Tay Ninh province. , emphasize.

However, some delegates also pointed out bottlenecks and limitations in socio-economic development, and suggested that there should be early solutions to overcome, especially manipulation. stock marketcorporate bonds, balance revenue sources and soon stabilize the real estate market.

“How does the financial leverage that investors use bank capital work? Of course, the real estate, securities, service, and banking industries have made great profits during the pandemic. Accordingly, state budget revenues from these fields also increased dramatically, making up for the shortfalls in revenue from many production sectors, which is also part of the answer to the question of why the state budget. State budget surplus is high while the economy and businesses are still facing many difficulties after the pandemic,” said Ha Sy Dong, a member of the National Assembly of Quang Tri province.

“Winning a bid to put down a deposit is no longer a rare thing in land auctions in our country for many reasons. But recently, many investors have taken advantage of this trick, winning with a towering auction price afterwards. removing stakes to stimulate land prices, blowing up land prices to manipulate the market, benefiting a minority group, paying too high a price and then leaving stakes like the past has led to many consequences, some investors even raised prices. value of their stocks and bonds. More dangerously, there are people who take advantage of them to misrepresent the value of assets for bank loans. Firstly, it is recommended that the Government need to strengthen more strict control and strengthen the direction of inspection and inspection more often for this activity. Second, propose to the Ministry of Public Security to select a number of land auctions with a lot of public opinion in the past for verification, investigation and clarification,” said Ms. Nguyen. Thi Thuy, a member of the National Assembly of Bac Kan province, expressed her opinion.

Member of the National Assembly of Bac Kan province Nguyen Thi Thuy speaks. (Photo: Minh Duc/VNA)

“According to voters, some tax authorities at the district level have shown arbitrary expression in the application of real estate prices and tax calculation, many places require people to accept a higher taxable price from 1 2 – 1.5 times, even in some places up to 2 times the land price prescribed by the State, the application will be processed. many times or return documents because they think that the price stated in the contract is not close to the real estate market price. When the state regulates, the tax authority does not indicate it, nor does it clearly and transparently regulate it,” said Mr. Phan Thai Binh, a member of the National Assembly of Quang Nam province.

“There are some deviations in the areas of real estate, securities, issuance of corporate bonds, procurement of medical equipment because a number of organizations and individuals violate the provisions of law, market manipulation, not transparent information The problem is that when these individuals fall into law, they bring along a lot of state management officials specialized in those fields. How can such organizations and individuals overcome state management agencies so easily?

“Recent cases show that our capital market is very fragile and easily manipulated and impacted by interference. Therefore, it is necessary to monitor, supervise and strictly handle acts of manipulating prices to increase prices. , performing wrong obligations, disclosing information to handle violations, but not criminalizing economic relations. has evaporated up to this point is 75 billion USD, this is a very large number,” said Trinh Xuan An, a member of the National Assembly of Dong Nai province.

Given that Vietnam’s economy has a large openness, it is inevitable that it will be affected by external factors, so many delegates suggested that the Government soon have solutions to stabilize the domestic gasoline price as a basis for economic growth. stabilize prices of related consumer goods.

“Currently, the domestic gasoline price increases according to the world price, pushing the price of other goods to increase, creating a chain effect that causes service costs to increase, affecting people’s lives and production and business activities. I respectfully request the Government to consider closely assessing the situation, come up with policies to strictly control and stabilize petrol prices, and operate flexibly, closely, and effectively with fiscal and monetary policies.” , Ms. Nguyen Thi Yen, Member of the National Assembly of Ba Ria – Vung Tau province, suggested.

“In the context of the current high price of gasoline, increasing domestic oil production and refining not only increases efficiency by 2-3 times compared to the time of exploitation and low oil price, but also creates a source Stable supply is the basis for stabilizing gasoline prices in the country, avoiding external impacts. petrol and oil to other goods,” suggested Mr. Hoang Van Cuong, a member of the National Assembly of Hanoi.

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