maintain high, sustainable, continuous growth in the next two decades

Báo Đô thịBáo Đô thị21/02/2025

Prime Minister Pham Minh Chinh pointed out that to successfully achieve strategic goals, there is no other way but for our country to maintain high, sustainable, and continuous growth in the next two decades.


On the morning of February 21, Prime Minister Pham Minh Chinh chaired a Government Conference with localities to implement the Central Committee's Conclusion, the National Assembly's Resolution, and the Government's Resolution on economic growth and promoting disbursement of public investment capital.

The conference took place directly at the Government Headquarters, online with 63 provinces and centrally-run cities.

Attending the conference were: Permanent Deputy Prime Minister Nguyen Hoa Binh; Deputy Prime Ministers; Ministers, Heads of ministerial-level agencies, Government agencies; leaders of ministries, branches, Government agencies; leaders of a number of economic groups; Secretaries, Chairmen of People's Committees, leaders of provinces and centrally-run cities.

Speaking at the opening of the conference, the Prime Minister stated that 2025 is of great significance, a year with many important anniversaries of the country; continuing to perfect the organization and apparatus of the political system; a year to accelerate and reach the target of implementing the 5-year Plan 2021-2025.

At the same time, it is the year to organize party congresses at all levels, towards the 14th National Party Congress; creating momentum, strength, and position towards achieving two 100-year strategic goals, striving to become a developing country with modern industry and high average income by 2030; and becoming a developed country with high income by 2045.

The growth target is of great significance, determining the size of the economy, GDP per capita and other targets. Therefore, it is necessary to promote high and sustainable growth continuously to realize the aspiration of building a country in a new era of wealth, civilization, prosperity, and people's increasing well-being and happiness.

Government conference with localities on economic growth. (Photo: Duong Giang/VNA)
Government conference with localities on economic growth. (Photo: Duong Giang/VNA)
Sharing international experience, the Prime Minister said that since 1990, only 34 economies have escaped the middle-income trap to become high-income countries, while 108 countries have not yet overcome it.

In general, economies that become high-income countries maintain high growth rates of around 10% per year for about 30 years.

Meanwhile, from 1986 to present, Vietnam has achieved an average growth rate of 6.4%/year, so the next two decades need to accelerate and make a stronger breakthrough to achieve the strategic goal set by 2045.

The government has proposed a growth target of at least 8% for 2025, preparing for double-digit growth in the coming years.

On that basis, the Central Committee has concluded that the Government has issued Resolutions on growth targets and assigned targets to ministries, branches and localities; the Government has submitted and had the National Assembly approve the socio-economic development program, with a growth target of at least 8% in 2025.

“The Party has directed, the Government has agreed, the National Assembly has supported, the people have agreed, the Fatherland has expected, only discuss and act, not retreat,” the Prime Minister emphasized.

The Prime Minister pointed out that in order to successfully achieve strategic goals, there is no other way but for our country to maintain high, sustainable and continuous growth in the next two decades. Only then can our country overcome the middle-income trap, become a developed, high-income country, and realize the aspiration of building a prosperous and prosperous country, where the people have a prosperous and happy life.

The Prime Minister noted that this is an especially important task for the entire political system, all levels, sectors, localities, units, business communities and people nationwide. At the same time, he pointed out that the whole country must carry out the task of rapid but sustainable development.

Besides maintaining high and continuous growth, it is still necessary to maintain macroeconomic stability, control inflation, ensure major balances, ensure social security, and ensure a sustainable, green, clean, and beautiful environment.

Considering that the tasks in the coming time are very heavy, we must have "high determination, great efforts, drastic actions, focus, key points, do each task properly, do each task thoroughly" to take advantage of opportunities, turn difficulties and challenges into motivation to achieve goals, bring the country to progress quickly, strongly, fly far, and reach high, Prime Minister Pham Minh Chinh requested the delegates attending the conference to focus on discussing key solutions, levers, and fulcrums to achieve the above goals and requirements.

Delegates attend the Government Conference with localities on economic growth. (Photo: Duong Giang/VNA)
Delegates attend the Government Conference with localities on economic growth. (Photo: Duong Giang/VNA)
The Prime Minister proposed solutions to renew traditional growth drivers of investment, export, and consumption; promote new growth drivers such as green economy, digital economy, circular economy, sharing economy, creative economy, knowledge economy, artificial intelligence, semiconductor industry; exploit marine space, outer space, underground space, etc.

Among them, public investment continues to be a very important driving force for growth, a "seed capital" to attract private investment, lead social investment capital, and promote growth.

The Prime Minister requested to thoroughly grasp, unify awareness and action, and promote the responsibility of leaders at all levels, sectors, and localities in implementing Conclusion No. 123 of the Central Committee, Resolution of the National Assembly, and Resolution No. 25/NQ-CP of the Government, ensuring that the country's growth in 2025 reaches 8% or more, creating a solid foundation for double-digit growth in the 2026-2030 period.

Along with that, delegates focused on analyzing and evaluating the context of the situation in the coming time, clearly identifying difficulties, challenges, obstacles, bottlenecks, and bottlenecks in promoting growth and disbursing public investment capital; key tasks, breakthroughs, strong and effective impacts in the short, medium and long term; recommending support mechanisms and policies, removing difficulties to promote disbursement of public investment capital and growth in sectors, fields, and localities.



Source: https://kinhtedothi.vn/thu-tuong-duy-tri-tang-truong-cao-ben-vung-lien-tuc-trong-2-thap-ky-toi.html

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