Reduce regular expenditure to below 60% of total budget expenditure

Báo Tài nguyên Môi trườngBáo Tài nguyên Môi trường05/02/2025

Concluding the first regular Government meeting in 2025, Prime Minister Pham Minh Chinh directed agencies to urgently prepare for the Government to report and propose to the National Assembly to adjust a number of indicators related to budget deficit, public debt, etc.; at the same time, he emphasized the requirement to strive for GDP growth in 2025 to reach 8% or more, reduce the proportion of regular expenditure to below 60% of total budget expenditure, and save about 10% more regular expenditure in 2025 to supplement investment for the Lao Cai - Hanoi - Hai Phong railway line.


Thủ tướng: Đưa chi thường xuyên xuống dưới 60% tổng chi ngân sách- Ảnh 1.
Prime Minister Pham Minh Chinh: Reduce regular expenditure to below 60% of total budget expenditure - Photo: VGP/Nhat Bac

On the morning of February 5, Prime Minister Pham Minh Chinh chaired the regular Government meeting for January 2025, discussing many important issues. Attending the meeting were Deputy Prime Ministers, members of the Government, leaders of ministries, branches, and agencies under the Government; representatives of the agencies: Central Policy and Strategy Committee, Economic Committee, Finance and Budget Committee of the National Assembly, and the Office of the National Assembly.

The meeting focused on discussing and giving opinions on the socio-economic situation in January and the implementation of Resolution 01 of the Government, building growth scenarios for localities; the situation of allocating public investment capital and implementing 3 national target programs; the direction and administration of the Government and the Prime Minister and key tasks in the coming time.

Delegates also assessed and commented on the unpredictable developments in the world and the region, directly affecting our country, especially the possibility of a global trade war, proposing solutions to respond quickly and promptly, not to be passive or surprised, not to miss opportunities and to maintain momentum, keep the rhythm, and maintain the existing spirit to continue developing.

Thủ tướng: Đưa chi thường xuyên xuống dưới 60% tổng chi ngân sách- Ảnh 2.
Prime Minister Pham Minh Chinh directed that, with the target of GDP growth of at least 8% in 2025, ministries, branches and localities must have new growth targets and submit them to competent authorities for approval for implementation - Photo: VGP/Nhat Bac

Government leaders closely monitor and urge daily work

Reports and opinions at the meeting unanimously assessed that, from the first days of 2025, the Government has led and directed ministries, branches and localities to resolutely implement resolutions, conclusions and directions of the Central Committee, Politburo, Secretariat and National Assembly.

In January, the direction and management were drastic, comprehensive, comprehensive, but focused and key; continuing to promote the experience of the past years and closely following reality, respecting reality, starting from reality, taking reality as a measure. Ministries, branches, localities and especially the Government leaders monitored and urged daily work, strengthened inspection and supervision in accordance with the direction of the Central Government.

Immediately after the online conference to summarize the work in 2024 and deploy the tasks in 2025 to localities, the Government issued Resolutions No. 01 and 02; the Prime Minister issued the 2025 Work Program with 468 specific projects; focusing on directing implementation with the motto: "Discipline, responsibility; proactive and timely; streamlined and effective; accelerating breakthroughs".

All levels, sectors and localities strictly implement the directives of the Secretariat and the directives and telegrams of the Prime Minister on organizing Tet celebrations.

Thủ tướng: Đưa chi thường xuyên xuống dưới 60% tổng chi ngân sách- Ảnh 3.
Prime Minister Pham Minh Chinh chairs the regular Government meeting in January 2025, discussing many important contents - Photo: VGP/Nhat Bac

In January, the Government issued 14 decrees and 34 resolutions; the Prime Minister issued 240 decisions and 3 directives. In particular, the Government issued an Action Program to implement Resolution No. 57-NQ/TW of the Politburo on breakthroughs in science and technology development, innovation and national digital transformation (with 7 groups of tasks, main solutions, 41 groups of targets, 140 specific tasks).

Along with that, focusing on directing the reorganization of the apparatus in the spirit of Resolution 18 and preparing to serve the 9th Extraordinary Session of the National Assembly. The Prime Minister inspected and urged the progress of many key projects, started the construction of the Ho Chi Minh City - Thu Dau Mot - Chon Thanh expressway through Binh Duong province; visited, encouraged and wished a Happy New Year to workers at construction sites in localities...

Import-export turnover reached about 63 billion USD in January

Reports and opinions at the meeting also unanimously assessed that in January, in general, although the number of working days was less than the same period last year, the socio-economic situation continued to recover positively with many important and noteworthy results in all fields.

Thủ tướng: Đưa chi thường xuyên xuống dưới 60% tổng chi ngân sách- Ảnh 4.
Minister and Head of the Government Office Tran Van Son speaks at the meeting - Photo: VGP/Nhat Bac

Notably, the Lunar New Year 2025 took place in a joyful, warm, family-friendly, healthy, safe, and economical atmosphere; everyone and every family had a Tet. Support and gifts were given to over 13.5 million beneficiaries with a total budget of nearly 8 trillion VND. There were 3.8 million social protection beneficiaries, the elderly, poor children, those in especially difficult circumstances, and people from poor and near-poor households who received support and gifts. The Government supported people with over 6.6 thousand tons of rice. Many localities actively implemented the elimination of temporary and dilapidated houses.

The macro economy remained stable, inflation was controlled, and major balances were secured. The consumer price index (CPI) increased by 3.63% over the same period. The monetary market and exchange rate were basically stable; lending interest rates maintained a downward trend. State budget revenue reached nearly 276 trillion VND, equal to 14% of the estimate, up 3.5% over the same period. Import-export turnover reached about 63 billion USD, with a trade surplus of about 3 billion USD. Energy and food security were secured; labor supply basically met demand.

Major industries and sectors have many positive signals. The industrial production index (IIP) increased by 0.6% over the same period; of which the processing and manufacturing industry increased by 1.6%. Agricultural, forestry and fishery production developed steadily despite heavy damage in Typhoon Yagi at the end of 2024; ensuring increased demand during Tet. Trade and services were quite vibrant; total retail sales of goods and consumer service revenue in January increased by 9.5%. Foreign tourists reached 2 million, many localities achieved tourism revenue of thousands of billions of VND during the 9-day Tet holiday.

Thủ tướng: Đưa chi thường xuyên xuống dưới 60% tổng chi ngân sách- Ảnh 5.
Governor of the State Bank of Vietnam Nguyen Thi Hong speaks at the meeting - Photo: VGP/Nhat Bac

Development investment continued to achieve positive results. Registered FDI capital reached 3.55 billion USD, up 21.8%. Realized FDI capital reached 1.51 billion USD, up 2% over the same period.

Cultural and social fields are focused on. Cultural and sports activities to celebrate the Party and celebrate Spring are carefully prepared, ensuring the right customs, traditions and beauty. People's lives continue to improve. The rate of households assessed to have income in January 2025 remained unchanged and increased compared to the same period last year to 96%.

Political and social stability; national defense and security are maintained; social order and safety are ensured; anti-corruption and negativity are promoted. Traffic accidents are reduced in all three criteria.

Foreign affairs and international integration were promoted, achieving many important milestones; negotiating and signing international treaties and agreements.

International organizations continue to positively assess Vietnam's economic growth prospects. UOB, Standard Chartered, and the Asian Development Bank (ADB) forecast Vietnam's GDP growth in 2025 at 7.0%, 6.7%, and 6.6%, respectively, all very high compared to the world average (about 3.3%).

Thủ tướng: Đưa chi thường xuyên xuống dưới 60% tổng chi ngân sách- Ảnh 6.
Minister of Finance Nguyen Van Thang speaks at the meeting - Photo: VGP/Nhat Bac

The Government will issue a Resolution on growth plans and targets.

In his concluding remarks, Prime Minister Pham Minh Chinh basically agreed with the reports and opinions at the meeting, assigned the Ministry of Planning and Investment and the Government Office to synthesize, absorb opinions, promptly complete and submit for promulgation the Resolution of the meeting and the Resolution of the Government on plans and growth targets for ministries, branches and localities. During the process, continue to report to competent authorities for appropriate adjustments if necessary.

The Prime Minister stated that the results achieved were due to the close leadership and direction of the Central Executive Committee, directly and regularly by the Politburo, the Secretariat, key leaders, Party and State leaders, headed by the General Secretary; the close and active coordination and support of the National Assembly and agencies in the political system; the participation and support of the people and businesses; the cooperation and assistance of international friends; the drastic, close, flexible, creative, focused and key direction of the Government, the Prime Minister and of all levels, sectors and localities.

Thủ tướng: Đưa chi thường xuyên xuống dưới 60% tổng chi ngân sách- Ảnh 7.
Minister of Industry and Trade Nguyen Hong Dien speaks at the meeting - Photo: VGP/Nhat Bac

In addition, the Prime Minister pointed out a number of shortcomings, limitations, difficulties and challenges . Pressure on macroeconomic management, inflation, exchange rates and interest rates is high. Fierce strategic competition; impacts and influences of policies of major economies. Disbursement of public investment is still slow, without clear changes. Growth in some areas is sometimes and in some places not sustainable. Production and business activities in some areas still face many difficulties. The lives of a part of the population are still facing difficulties...

Regarding the causes of existence and limitations, in addition to objective causes, the Prime Minister pointed out a number of subjective causes such as some institutional difficulties and problems that have not been resolved promptly; the spirit of self-reliance and self-improvement of all levels, sectors and localities has not been clearly demonstrated in some places and at some times; a number of cadres still have the mentality of avoiding, shirking responsibility, fearing mistakes, etc.

Regarding lessons learned, basically agreeing with the lessons learned in the report and opinions, the Prime Minister emphasized that the most important thing is to closely follow the Party's policies and guidelines, the conclusions and resolutions of the Central Committee, the National Assembly and the Government, grasp the practical situation, apply and respond to policies proactively, promptly, flexibly and effectively; look far and wide, think deeply and do big things, value time, intelligence and decisiveness at the right time.

The ideology must be clear, the determination must be high, the effort must be great, the action must be drastic and effective, what is said must be done, each task must be done properly, each task must be completed; clearly assign people, tasks, time, responsibilities, and products. It is necessary to strengthen solidarity and unanimity within each agency and unit, solidarity within the entire political system, and solidarity among the entire people.

Thủ tướng: Đưa chi thường xuyên xuống dưới 60% tổng chi ngân sách- Ảnh 8.
Minister of Transport Tran Hong Minh speaks at the meeting - Photo: VGP/Nhat Bac

Promote the spirit of self-reliance, self-improvement, and strive to surpass oneself, "talk, do, act, and propagate". "Only when each agency and unit completes its tasks will the whole country complete its tasks. Only when each month and each quarter achieves its goals will the whole year achieve its set goals", the Prime Minister emphasized.

In the coming time, regarding the viewpoint of direction and administration , the Prime Minister requested to closely follow the resolutions of the Party, the National Assembly, the leadership and direction of the Central Committee, the Politburo, key leaders, the Socio-Economic Development Strategy 2021 - 2030, the 5-year Plan for the period 2021 - 2025, the resolutions and directions of the Government and the Prime Minister, based on the functions, tasks and powers to implement, concretize into plans and implementation roadmaps of each level, each sector, each locality and improve forecasting capacity, grasp the situation, promote courage, proactiveness, flexibility, positivity, creativity, dare to think, dare to do, dare to take responsibility, and propose breakthrough solutions.

Credit growth is about 16%

Specify the main tasks and solutions, The Prime Minister first requested the synchronous, drastic and effective implementation of the conclusions and resolutions of the Central Committee, the Politburo, the National Assembly and the Government, especially Conclusion No. 123 of the Central Committee on the Supplementary Project on socio-economic development in 2025 with the growth target of 8% or more ; Resolutions No. 01 and 02 of the Government; promptly promulgate and deploy programs and action plans according to assigned tasks under the management theme of 2025, which is "Discipline, responsibility; proactive and timely; streamlined and effective; accelerated breakthrough".

Thủ tướng: Đưa chi thường xuyên xuống dưới 60% tổng chi ngân sách- Ảnh 9.
Prime Minister Pham Minh Chinh emphasized: "Only when each agency and unit completes its tasks can the whole country complete its tasks. Only when each month and each quarter achieves its goals can the whole year achieve its set goals." - Photo: VGP/Nhat Bac

Carefully prepare the contents for the 9th Extraordinary Session of the 15th National Assembly. In which, the Ministry of Planning and Investment chaired the report on adjusting growth targets, adjusting budget deficit targets, public debt... The Prime Minister also emphasized the need to reduce the proportion of regular expenditure to below 60% of total budget expenditure.

The Ministry of Industry and Trade prepares a report on mechanisms and policies for nuclear power plants. The Ministry of Transport urgently completes documents on the policy of building railways connecting with China and the necessary mechanisms and policies for implementation; and resolves obstacles with a number of BOT road projects.

Second, continue to perfect institutions with the spirit of "breakthrough of breakthroughs"; streamline the apparatus, improve effectiveness and efficiency of operations; promote administrative reform and digital transformation.

The Ministry of Justice shall preside over and the ministers must report to the Prime Minister before the 30th of each month on the results of removing institutional obstacles and obstacles that need to be further removed in the management field.

Seriously and effectively implement the arrangement and streamlining of the organizational apparatus according to Resolution No. 18-NQ/TW; before February 15, issue a plan to implement the Government's Action Program to implement Resolution No. 57 of the Politburo on breakthroughs in science and technology development, innovation and national digital transformation.

Third, continue to prioritize promoting growth, focus on renewing traditional driving forces, and promoting new driving forces.

Regarding investment, promote disbursement of public investment capital and national target programs from the beginning of the year, especially strategic transport projects, airports, seaports, highways, inter-regional and inter-provincial projects. Complete key national projects according to the Central's Conclusion, reaching at least 3,000 km of highways and over 1,000 km of coastal roads by the end of 2025. Strengthen promotion and attraction of large-scale, high-tech FDI projects, especially in the processing, manufacturing, electronics, semiconductors, hydrogen industries, etc.

Regarding exports, promote harmonious and sustainable trade with major partner countries. Effectively exploit 17 signed FTAs, new and potential markets such as the Middle East, Halal, Latin America, Africa; promote negotiations and sign new cooperation frameworks.

Regarding consumption, stimulate consumption, promote e-commerce, and cashless payments. Promote the campaign "Vietnamese people prioritize using Vietnamese products". Synchronously deploy solutions to promote attracting domestic and international tourists.

Strongly, effectively and substantially promote new growth drivers; focus on effectively and substantially restructuring the economy in conjunction with innovating the growth model towards digital economy, green economy, circular economy, sharing economy; promote emerging industries and fields such as: Big data, cloud computing, optoelectronics, internet industry, internet of things, biomedical industry, cultural industry, entertainment industry...

Fourth, maintain macroeconomic stability, control inflation, ensure major balances of the economy , in which the electricity growth rate is about 12.5% ​​- 13%. Closely monitor the world situation, especially newly arising issues, policy adjustments of countries, major economies, and important partners.

Actively, flexibly, promptly and effectively operate monetary policy; coordinate synchronously and harmoniously with a reasonable, focused, and key expansionary fiscal policy and other policies to achieve the set goals. Pay attention to taking advantage of public debt space to propose solutions to mobilize resources for development investment.

Effectively implement credit growth measures (striving for over 16%) to direct credit to production and business sectors, priority sectors, and growth drivers; strictly control credit in high-risk sectors; strive to reduce lending interest rates.

Save about 10% more in regular expenditure in 2025 compared to the 2024 estimate to supplement investment in the Lao Cai - Hanoi - Hai Phong railway line. Effectively implement state budget collection, ensure correct, sufficient and timely collection, especially from e-commerce, food services, etc.

Continue to research and propose policies to reduce taxes, fees, and charges for people and businesses. Complete the dossier to build the National Assembly's Resolution project on exemption of agricultural land use tax (submit to the Government in the first quarter of 2025).

Fifth, continue to effectively handle outstanding and long-standing issues; ministers strengthen inspection and supervision, and visit the grassroots level. The Ministry of Health urgently receives opinions from Government members, promptly completes and submits for promulgation the Government's Resolution on removing difficulties for Viet Duc and Bach Mai hospitals, branch 2.

Sixth, focus on the fields of culture, society, environmental protection, natural disaster prevention and control, and climate change response. Proactively and thoroughly prepare for the organization of major holidays in 2025. Strengthen inspection, supervision, and management of festival activities, promptly detect, prevent, and strictly handle the exploitation of relics, festivals, and beliefs for profit, superstitious activities, and gambling. Create conditions and space for artists to be creative, operate in accordance with the law, and promote the development of the cultural industry and entertainment industry.

Seventh, consolidate and strengthen national defense and security; maintain social order and safety , including strictly implementing Decree 168 on administrative sanctions for violations of traffic order and safety in the transport sector; step up prevention and combat of corruption, negativity and waste.

Improve the effectiveness of foreign affairs and international integration; carefully, practically and effectively implement foreign affairs activities of senior leaders; promote economic diplomacy; promptly develop specific programs and plans and focus on implementing tasks and solutions to realize agreements and commitments with international partners based on the results of visits and working sessions of Party and State leaders.

Eighth, focus on ensuring social security, not letting any people go hungry, cold, lack food, lack clothing, lack medical treatment, lack schools . Research and deploy credit packages for social housing. Resolutely deploy the emulation movement, complete "Join hands to eliminate temporary and dilapidated houses nationwide by 2025".

The Prime Minister also requested to do a good job of emulation and rewards, clearly pointing out places where people do well and places where they do not. Strengthening information and communication work, creating social consensus, especially policy communication; objective and honest information, using positive to push back negative, using beauty to eliminate ugliness, multiplying examples of good people and good deeds, promoting good values ​​of the nation.



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