After today's National Assembly session, the Police are joyfully celebrating! Double-digit GDP growth!
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Hello viewers of Nhan Viet TV. So, Vietnam's very high GDP growth target is a common ambition for the entire government, the entire party, and the National Assembly, not just for Mr. To Lam and Mr. Trinh. This morning, the Vietnamese National Assembly voted to set a very high GDP growth target. Two digits, amidst the very unstable situation of Vietnam-US trade. The National Assembly seems to be relying on a series of infrastructure projects, a series of public investment projects with enormous capital of tens of thousands and hundreds of thousands of billions of dong. These are super huge projects. Public investment is the fastest way to increase GDP growth. But what about the effectiveness? We are very doubtful. Because infrastructure investment takes a very long time to break even. And rushing into mega-projects inevitably leads to low efficiency and high costs. Notably among these is the Gia Binh International Airport by the Ministry of Public Security. It's incomprehensible why a ministry, a sector in Vietnam, has its own airport. These things are very absurd and unreasonable. There's a super huge project: the Vinh-Thanh Thuy expressway. The Gia Binh Airport by the police sector, built in Bac Ninh with a massive investment capital of 196,000 billion dong. This is the first airport to serve the training and combat readiness flights of the air force, of the police sector. We are very concerned that the Vietnamese government's view on GDP economic growth now carries high risk, increasing inflation, meaning the economy is developing, but most of the benefits and profits belong to the largest enterprises and the country's leading export companies. Meanwhile, small and medium-sized enterprises benefit very little, and the income of laborers has hardly increased, in many cases showing signs of decrease. That is a very unequal type of GDP growth. Developed Asian countries have much lower GDP growth rates than Vietnam. The leaders in these countries are technocratic leaders with long-term vision.