(MPI) – At the opening session of the 9th extraordinary session of the 15th National Assembly on the morning of February 12, 2025, immediately after hearing the Government's report proposing to adjust this year's GDP target from 8% or more, the GDP scale in 2025 reaching about over 500 billion USD, Chairman of the National Assembly's Economic Committee Vu Hong Thanh said that the Economic Committee basically agreed with the targets, requirements, and economic growth scenarios for 2025 in the Government's Submission and Report.
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| Chairman of the Economic Committee Vu Hong Thanh speaks. Photo: Quochoi.vn |
Presenting the Report on the review of the Supplementary Project on socio-economic development in 2025 with a growth target of 8% or more, Chairman of the Economic Committee Vu Hong Thanh said that in 2024, our country's socio-economic situation will continue to recover and develop positively, achieving many important and comprehensive results in all areas, achieving and exceeding all 15/15 main targets. In particular, GDP in 2024 is estimated to increase by 7.09%, among the leading groups in the world and the region.
In addition to the achievements, the socio-economic situation of our country still faces a number of difficulties and challenges. Natural disasters, storms and floods have seriously affected people's lives and production and business activities of enterprises. The scale and resilience of the economy are still modest, competitiveness is limited, and it still depends heavily on exports and the FDI sector. Traditional economic growth drivers have not been strongly improved, disbursement of public investment capital is still slow, the business sector still faces many difficulties, while new growth drivers are unclear.
The Economic Committee basically agrees with the targets, requirements, and economic growth scenarios for 2025 in the Government's Submission and Report. Submitting to the National Assembly the adjustment to increase the economic growth target for 2025 demonstrates the Government's determination and efforts in successfully implementing the socio-economic development goals for the 2021-2025 period, contributing to consolidating and creating a solid foundation to achieve double-digit growth for a long enough period, bringing our country into an era of prosperous development.
Regarding the target of an average consumer price index (CPI) growth rate of about 4.5 - 5%, the Economic Committee believes that adjusting the CPI target is necessary to create space in operating fiscal and monetary policies, supporting economic growth. However, inflation is an important indicator, directly affecting macroeconomic stability as well as people's lives and business costs. Therefore, it is recommended that the Government have solutions to control inflation in line with the growth and macroeconomic stability goals.
Regarding the proposal to adjust the targets on deficit spending and public debt, the Economic Committee recommends that the Government use resources effectively, strictly implement the provisions of the law on state budget and the law on public debt management; resolutely manage to ensure deficit spending and public debt within the scope decided by the National Assembly in Resolution No. 23/2021/QH15 and Resolution No. 159/2024/QH15, and only adjust when all solutions have been implemented and public debt safety and debt repayment capacity are ensured, especially the target of the Government's debt repayment obligations compared to total budget revenue.
Chairman of the Economic Committee Vu Hong Thanh emphasized that in order to successfully achieve the GDP growth target of 8% or more in 2025, it is necessary to continue to focus on implementing Conclusion No. 97-KL/TW dated October 5, 2024 of the Party Central Committee on socio-economic development in 2024 - 2025, which has been specifically institutionalized in Resolution No. 158/2024/QH15 of the National Assembly. In particular, it is necessary to resolutely and effectively implement Conclusion No. 123-KL/TW of the Central Committee and, depending on the actual situation, have appropriate management solutions to promote economic growth and stabilize the macroeconomy.
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| Overview of the Session. Photo: Quochoi.vn |
Specifically, continue to strengthen endogenous capacity, promote rapid and sustainable economic growth; maintain macroeconomic stability, considering this a fundamental goal in the context of many fluctuations in the world situation, to create a solid foundation for growth and sustainable development in the coming period. Focus on strengthening international trade relations, pay attention to exploiting trade and technology shifts in the context of trade wars between major economies.
In addition, it is necessary to proactively, flexibly, promptly and effectively manage monetary policy. It is necessary to appropriately manage fiscal policy; to closely follow the budget, economically and effectively, and to allocate resources to key national projects and social security; to proactively control and respond to risks, and to ensure the balance of the state budget, deficit and public debt in the short and long term.
Create a favorable environment for investment, production and business, especially in terms of investment processes and procedures, planning and land access. Promote digital transformation in a strong, substantial and more widespread manner. Focus on cutting and simplifying administrative procedures; substantially cutting down the time for carrying out administrative procedures, investment and business procedures to support businesses. Do not let streamlining and rearranging the organization and apparatus affect the people and production and business activities of businesses.
At the same time, issue mechanisms and policies to protect, encourage and reward cadres who dare to innovate, dare to think, dare to do, dare to take responsibility for the common good, not for personal gain./.
Source: https://www.mpi.gov.vn/portal/Pages/2025-2-12/Can-co-cac-giai-phap-dieu-hanh-phu-hop-de-thuc-daymcjti6.aspx
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