On the morning of February 19, with a majority of votes in favor, the National Assembly passed a resolution on supplementing socio-economic development in 2025, with a growth target of 8% or more.
Delegates press the button to pass the resolution - Photo: NK
With 462/463 delegates in favor (accounting for 96.86%) and 1 delegate abstaining, the National Assembly resolved to adjust the targets, including: Gross domestic product (GDP) growth rate reaching 8% or more; GDP scale in 2025 reaching over 500 billion USD. GDP per capita over 5,000 USD; Average consumer price index (CPI) growth rate of 4.5 - 5%.
Removing institutions to promote growth
The solutions to achieve 8% growth are to promote the improvement of institutions and laws and improve the effectiveness of law enforcement. Innovate the thinking of law making in the direction of "both strict management and development creation", abandoning the thinking of "if you can't manage, then ban".
It is necessary to soon develop a legal framework project on developing smart production, smart factory models, and smart governance models. Develop specific policies to develop economic zones with great potential such as Van Don, Van Phong, border economic zones and regions...
Overcoming and handling the situation of shirking, avoiding, and lacking responsibility in performing public duties, creating a creative space, encouraging and protecting cadres who dare to innovate, dare to think, dare to do, and dare to take responsibility for the common good.
Concentrate resources on completing synchronous and modern strategic infrastructure; unblock and effectively use public investment resources. Speed up the disbursement of public investment capital, striving for the disbursement rate nationwide to reach 95% of the plan by 2025.
In case it is necessary to adjust the state budget deficit to about 4 - 4.5% of GDP to mobilize resources for investment; public debt, government debt, and foreign debt of the country may reach or exceed the warning threshold of about 5% of GDP.
Focus on reforming administrative procedures, improving the investment and business environment, creating all conditions to quickly resolve investment procedures, difficulties and obstacles in investment and business activities, and encouraging investment from all economic sectors.
Promote and renew traditional growth drivers, strongly promote new growth drivers, develop new and advanced production forces. Including creating breakthroughs in science and technology, innovation and national digital transformation, training high-quality human resources, and effectively implementing an international financial center.
There needs to be a solution to mobilize resources from the people.
In the report on explanation and acceptance previously released by the National Assembly Standing Committee, the majority of opinions agreed with the goals and requirements of economic growth, but also recommended that the National Assembly and the Government should also consider the difficulties and challenges of the economy.
From there, it is necessary to add some comprehensive solutions, directions in the work of law making to remove bottlenecks, and have regulations on shortened procedures to build specific policies.
Notably, there are opinions suggesting that there should be solutions to mobilize resources from the people, and that the country's resources, especially land, agricultural land, and forestry land, should be put into use to avoid waste.
The Standing Committee of the National Assembly said that Resolution No. 158 of the National Assembly has many contents on resource mobilization for development. Therefore, it is recommended that the Government carry out tasks and solutions to mobilize resources from the people such as gold and use resources economically and effectively, including water and land resources.
There are suggestions to use public investment as a driving force to spread and lead private investment, encourage private enterprises to participate in public investment, increase FDI attraction, and promote the participation of domestic enterprises in the value chain of FDI enterprises.
According to the National Assembly's standing body, Resolution No. 158 also assigns the task of restructuring public investment towards focusing capital on key industries and fields with spillover effects, creating momentum for socio-economic development, and creating a breakthrough in attracting capital from the domestic and foreign private sector under the public-private partnership model.
Therefore, it is recommended that the Government have specific solutions in management so that foreign-invested enterprises can transfer technology and use more products, components and services from Vietnamese suppliers, helping Vietnamese enterprises participate in higher value-added levels in the global value chain.
Source: https://tuoitre.vn/chinh-thuc-thong-qua-muc-tang-truong-8-20250219103954625.htm
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