The National Assembly of Vietnam on Wednesday approved to increase the economic development target for this year and hence voted in favor of major infrastructure projects including the country’s first nuclear power plants and a rail link for China.
MPs approve a new development target for 2025 At least 8% Proposed by the government, growth from the previous target of 6.5% to 7.0%.
The government said in a report to Parliament, “With rapid economic growth, macro stability should still be ensured, while inflation should be kept under control.” The report states that inflation will be kept between 4.5% and 5.0% this year.
Parliament passed a resolution supporting construction A new railway, Connecting a major port with China in northern Vietnam. The cost of this project is expected to be $ 8.3 billion, the share of which is to be found by loan from the Chinese government.
Vietnam, a regional manufacturing center depends a lot on exports to run its economy, demanding to increase infrastructure investment to promote growth.
MPs approve policies to develop nuclear power plantsThe first of which is to be built by the end of 2031.
Under policies, the government may appoint contractors to manufacture plants without a tender process.
Sanctioned parliament Rules that will allow Elon Musk’s Starlink to provide satellite internet services In the country keeping the complete ownership of any local assistant. And the plan to provide financial assistance to local firms supported the semiconductor industry.
On Tuesday, the assembly approves a bold Bureaucracy reform The plan that will reach fifth place of government bodies, as it tries to cut cost and improve administrative efficiency.
