Lawmakers proposed solutions to promote socio-economic development in the 2021-2025 period during the 10th sitting of the 14th National Assembly (NA) in Hanoi on November 3.

Deputy Truong Trong Nghia from Ho Chi Minh City  (Photo: VNA)

Deputy Truong Trong Nghia from Ho Chi Minh City emphasised that the next five years plays a decisive role in the nation’s roadmap to escape the middle-income trap.

He said to reach development targets, a series of growth problems must be solved, focusing on budget and finance, sovereignty and security safeguarding, building a rule of law state, ensuring human rights and action plans to build feasible projects.

It is impossible to build goals in the old ways, Nghia stressed, adding that the mechanism and implementation methods must be also changed.

He underlined the importance to promote rapid, sustainable and self-reliant development, saying that Vietnam needs to learn from other countries' experience and apply them in accordance with the reality in the country.

If tourism does not recover, aviation and a series of other economic sectors are also at risk of collapse, the legislator said.

Vietnam cannot set export growth targets in the old way, because purchasing power and consumption patterns of major markets have changed, policies must be in place to effectively exploit the domestic market of 100 million people, he went on.

Regarding budget and finance, Nghia said that the core of the budget issue is revenue generation, revenue and expenditure control, efficient use of loans and ensuring ability to repay debts.

He also underlined the urgency of ensuring social security over the next five years, saying that the development plan could go bankrupt if there is a security crisis, while asking the Government to outline specific solutions to the problem.

The role of controlling power through the NA is very important, Nghia said, stressing that attention should be also given to ensuring people-centered policy, further upholding achievements in judicial reform and persistently implementing advanced regulations in the 2013 Constitution.

Regarding defence and security, Nghia said it is necessary to promote the application of advanced technologies to gradually build an elite and modern armed force.