Hanoi (VNA) – Lawmakers suggested the governmentrenew management methods to ensure State budget collection and socio-economicdevelopment on the sidelines of the fifth session of the 14th National Assemblyin Hanoi on May 25.

Deputy Bui Thanh Tung from Hai Phong city lauded economic growthin 2017 with 12 out of 13 targets being met and surpassed, especially inmanufacturing and processing.

Hailing economic growth of 7.38 percent in the four monthsthis year, a record in a decade, lawmaker Le Kim Toan from Binh Dinh province saidmany international financial organisations forecast that Vietnam would postgrowth of at least 6.5 percent this year, opening up prospects to achieve growthtarget as assigned by the legislature.

Lawmakers attributed the growth to contributions of the businesscommunity and urged the government to direct ministries, agencies, localitiesto offer optimal support to them to launch projects, especially small andmedium-sized enterprises (SMEs).

Lawmaker Hoang Van Cuong from Hanoi said the governmentshould tap opportunities arising from the fourth industrial revolution toreform taxation management.

According to him, State budget collection relies most on majorState-owned enterprises which are restructuring themselves so that their contributionsto the State budget will be changed.

He underscored the importance of creating fairness tobusinesspeople and the redistribution of sources of revenue to create publicconsensus when it comes to renovating taxation system.

Deputies raised concern that those with business licensesregularly pay taxes on time while those doing business on the Internet are notsubject to taxes, which he said, will create a transparent and healthycompetition.

Cuong said the government must limit home ownership among richpeople, making it easier for the vulnerable better access land, thereby gainingpublic trust and ensuring State budget collection.-VNA