To achieve the GDP growth target of 8% or more in 2025, the processing and manufacturing industry needs to achieve a growth rate of 9.7% or more.
What is the scenario for GDP growth of 8% or more?
In the Supplementary Project on Socio-Economic Development in 2025 with a growth target of 8% or more submitted by the Government to the National Assembly, it is stated that the country's GDP growth in 2025 needs to reach 8% or more, contributing to creating a solid foundation to achieve a double-digit growth rate starting from 2026. Growth must be fast but sustainable, maintaining macroeconomic stability, controlling inflation, ensuring major balances; harmonious development between the economy and society and environmental protection, ensuring national defense and security.
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| In the scenario of GDP growth of 8% or more, growth in the industrial and construction sector is about 9.5% or more. Illustrative photo |
In the scenario of GDP growth of 8% or more, the growth of the industrial and construction sector is about 9.5% or more (of which the processing and manufacturing industry increases by 9.7% or more; services increase by 8.1% or more; agriculture, forestry and fishery increase by 3.9% or more). Economic sectors grow about 0.7-1.3% higher than in 2024; industry and construction, especially the processing and manufacturing industry, continues to be the driving force for growth.
The project also proposes six solutions to achieve the growth target in 2025, including: Perfecting institutions and laws; unblocking and effectively using public investment resources; promoting private investment and processing and manufacturing industries; promoting consumption, attracting tourists; export solutions; strongly promoting new growth drivers, developing new and advanced production forces.
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| Processing and manufacturing industry supports growth target in 2025. Illustration photo |
Facilitating the private sector and manufacturing industry
To achieve the growth target of 8% or more in 2025, the Government also proposed solutions to promote private investment and processing and manufacturing industry. The Government requested to 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, encouraging investment from all economic sectors, especially large corporations, state-owned corporations, the private sector, and large enterprises that have great impacts and contributions to the economy.
Along with that, amend the Investment Law according to the public-private partnership model. Build a mechanism to prioritize the formation and development of new productive forces, build mechanisms and policies to strongly develop large-scale, ethnic enterprises.
Further enhance the role of state-owned enterprises to focus on investing in large, focused, key projects that have spillover effects, create momentum, and promote socio-economic development. Strengthen close connections between state-owned enterprises, private enterprises, and FDI enterprises. Resolutely cut off the “ask-give” mechanism, and spread out public investment.
Along with that, continue to perfect the synchronous and consistent legal system, have breakthrough mechanisms and policies to unblock, mobilize and effectively use all resources, especially resources from the people and resources from outside. Immediately remove bottlenecks in the real estate market, capital market, corporate bond market; soon ensure criteria and conditions to upgrade the stock market in 2025; have mechanisms to effectively exploit indirect investment capital flows and international investment funds.
Manage credit growth appropriately, promptly, and effectively, meeting the capital needs of the economy, ensuring that it is on target, focusing on production and business sectors, priority sectors, and traditional growth drivers such as consumption, investment, and export.
Promote the effectiveness of the Working Group mechanism to proactively work with each strategic investor to attract large, high-tech FDI projects; effectively implement the "green channel" mechanism for investment projects in industrial parks and economic zones in the high-tech sector to promptly deploy and put the projects into operation. Effectively implement regulations on decentralization and delegation of authority to localities in approving infrastructure investment in new industrial parks.
Promote the effectiveness of steering committees and working groups to review and find solutions to handle stuck projects, especially renewable energy projects, transportation projects, real estate projects and other fields...; in the immediate future, build a specific mechanism focusing on removing obstacles for projects in Ho Chi Minh City, Hanoi, Da Nang and a number of large provinces and cities to free up resources in 2025. Effectively implement approved plans; ensure synchronization and close connection between strategic infrastructure investment and exploitation of new development corridors. Strongly promote nuclear power and offshore wind power projects. Speed up the progress of amending and effectively implementing the Power Plan VIII in the new context, to be completed in February 2025.
| To achieve the growth target in 2025, the Government requires promoting the effectiveness of the Investment Support Fund; urgently building and effectively implementing the Project on mechanisms and policies for the formation and development of ethnic enterprises, playing a pioneering and leading role. Supporting enterprises in applying artificial intelligence, digital transformation, green transformation, circulation, resource saving, sustainable development, etc. |
Source: https://congthuong.vn/cong-nghiep-che-bien-che-tao-can-tang-97-trong-nam-2025-373402.html
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