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Two-number growth framework proposed to drive growth Progress continues in the ongoing session; today (April 21), the National Assembly will devote time in the chamber to discuss the state of economic and social development, prudent spending, preventing waste, and many other important issues. In the discussion on the afternoon of April 20, delegates analyzed the 'driving axis' of new momentum linked to science and technology, innovation, and digital transformation. This is seen as the key to Vietnam's breakthrough, not only achieving growth targets but also enhancing self-reliance and resilience in the face of global fluctuations. Mr. Tran Van Khai, Deputy Head of the National Assembly's Committee for Science, Technology and Environment, said that in the context of unpredictable trade and geopolitical risks, the core problem is: public investment must be faster, but more importantly, 'smarter', prioritizing digital infrastructure, energy infrastructure, and infrastructure for innovation, creating a foundation for sustainable growth and improving people's living standards. Mr. Tran Van Khai recommended renewing the way to implement digital projects by building a list of key projects under Resolution 57 according to a national architecture; implementing modularly, with open standards, and acceptance measured by output indicators. At the same time apply procurement based on results to shorten the design-bid cycle and reduce obsolescence risks. Meanwhile, the National Defense, Security and External Affairs Committee led by Trinh Xuan An noted that the institutional environment is not yet truly conducive for small and medium enterprises to develop and grow. Enterprises can bear market risk, but it is very hard to feel secure when the legal environment contains uncertain elements. From there, he proposed moving strongly from a mindset of 'managing enterprises' to 'accompanying enterprises', focusing on reducing compliance costs, reducing legal risk, and designing substantive support mechanisms so that small and medium enterprises can access capital, land, and participate more deeply in the value chain... Emphasizing the importance of the private sector, delegate Pham Trong Nhan (Ho Chi Minh City) also argued that we need to ensure legal frameworks so the sector identified as the main driver has real capacity for development. Delegate Hoang Minh Hieu (Nghe An) also urged the Government to continue to push reforms in administrative procedures. They should move from simplification to substantive reductions. 'First, there is a need to focus on reviewing procedures that directly affect businesses and people, with broad spillover effects on the entire economy, such as land, investment, construction, environment…', he said. According to Luân Dũng. Source: Tiền Phong
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