Chairman of the National Assembly Vuong Dinh Hue delivers the closing speech at the forum on December 5 (Photo: VNA)
Vietnam Economic Forum 2021 on December 5, which spent much time on discussing fiscal
and monetary policies, social welfare policies, and labour issues during economic
recovery and development, was a success, Chairman of the National Assembly Vuong Dinh Hue said in his closing remarks at the event.
The forum, comprising a plenary session, a high-level roundtable talk, and two panel
discussions, attracted great attention from society, domestic and foreign businesses, as well as the media.
The NA Chairman said participants in the
event, held both in person and via videoconference, scrutinised measures for
economic recovery in the new normal, when Vietnam is moving to safely and
flexibly adapt to and effectively control the COVD-19 pandemic.
The pandemic has taken a
heavy toll on countries around the world, and Vietnam is not an exception. The country’s
GDP has suffered from an estimated loss of 847 trillion VND (nearly 37 billion
USD), not to mention other damage, over the last two years.
In such a special context, it
is necessary to have breakthrough solutions and mechanisms different from those
in normal conditions, Hue noted, underlining the need to support both aggregate
supply and aggregate demand, with more priority given to aggregate supply, and
to harmoniously combine fiscal, monetary, and other macro-policies.
Delegates also shared the
view on the necessity to issue support policies and carry out the socio-economic
recovery and development programme early, which will illustrate Vietnam’s
strong commitment to boosting reforms, people and businesses’ trust, and the
country’s prestige in the eyes of the international community.
They held that policies should
focus on assisting important sectors and pandemic-hit businesses to revive,
dealing with social welfare issues, improving the investment capacity, and
launching bigger economic stimulus packages that target fast-growing