The Ministry of Planning and Investment and localities continue to discuss and find solutions to bring the economy to a growth rate of 6.5 - 7% in 2024.
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| Growth pressure in both 2024 and 2025 is very high, and we must strive to achieve higher results than the previous year to achieve the highest results of the 2021-2025 Five-Year Plan. (Source: VNA) |
Don't be complacent or satisfied with the results achieved.
Once again, positive assessments of the socio-economic situation in the first 6 months of 2024 were made. Even when speaking at the Conference to review the work in the first 6 months of the year and deploy tasks for the last 6 months of 2024 of the Ministry of Planning and Investment - the agency that plays the role of "chief of the general staff of the economy", Minister Nguyen Chi Dung said that these were "important, quite comprehensive and very encouraging results".
"We have completed and exceeded expectations for many targets and tasks," said Minister Nguyen Chi Dung, affirming that in that overall success, especially the growth rate of 6.93% in the second quarter and 6.42% in the first 6 months of 2024, there were positive contributions from the entire planning and investment and statistics sector in general, and the Ministry of Planning and Investment in particular.
But frankly, Minister Nguyen Chi Dung also said that we cannot be subjective and satisfied with the results achieved. "If we have done well, we need to do better, if we have been effective, we need to be more effective, we need to be more creative in our advisory work, we need to keep abreast of the situation, proactively create and exploit new opportunities for national development," Minister Nguyen Chi Dung told the cadres of the entire industry.
It is easy to understand why Minister Nguyen Chi Dung said so. Because, although the growth figure for the first 6 months is positive, the challenges and difficulties ahead are still great, especially when the global economy still has many uncertain factors, while the domestic economy is not necessarily "smooth sailing".
Some industries and sectors still face many difficulties and obstacles, typically the retail sector of goods and services, where demand and purchasing power have not recovered strongly, input costs remain high, and there are still unsolved bottlenecks in the housing and real estate sectors...
In that context, pressure was placed when at the recent Government Online Conference with localities, the Government decided on the 2024 growth scenario to strive for the upper limit of 6.5-7%, higher than the target of 6-6.5% in the National Assembly Resolution. This target is also much higher than the forecasts of international organizations, such as the International Monetary Fund (IMF) forecasting Vietnam's economy to grow by 5.8%, the World Bank (WB) giving the figure of 5.5%, the Asian Development Bank (ADB) is 6%...
“The growth pressure for both 2024 and 2025 is very high. Next year we must strive to be higher than the previous year to achieve the highest results of the 2021-2025 Five-Year Plan,” said Minister Nguyen Chi Dung.
So, the story is not just about how much growth will be achieved in the last 6 months of the year, but also how to achieve the highest growth rate, create a foundation for the economy in 2025, as well as prepare for the next stage of development. That is a heavy task.
Discussing this task, senior expert Cao Viet Sinh, former Permanent Deputy Minister of the Ministry of Planning and Investment, said that if we want growth in 2024 to reach 6.5-7%, then the last 6 months of the year must achieve a growth rate of over 7%. "There must be a clear, specific plan and solutions for implementation," said Mr. Cao Viet Sinh, adding that a recent survey of the provinces of the Red River Delta and the northern mountainous provinces showed that the situation still has many difficulties, especially regarding environmental procedures, construction, investment, etc.
"To grow, we must promptly remove obstacles," said expert Cao Viet Sinh.
Meanwhile, expert Nguyen Dinh Cung is concerned about the incentives related to investment, especially state investment and private investment. “Investment spirit is declining. If this continues, growth potential will decrease,” Mr. Nguyen Dinh Cung emphasized.
Solutions for high growth targets
6.5%, even striving to reach 7% or higher, is the target that the Government has set for 2024. But how to achieve this target?
Removing difficulties for investment, production and business, and unlocking investment resources, as recommended by two experts Cao Viet Sinh and Nguyen Dinh Cung, is one of the important solutions. Equally important, according to Minister Nguyen Chi Dung, in the last 6 months of the year - which is of special significance for the implementation of the 2024 goals and tasks, as well as preparing for the next development stage, industries, fields and localities must recover faster, achieve higher and more sustainable growth rates, better exploit resources, growth drivers, opportunities and advantages...
“Based on the results of the first 6 months of the year, we have forecasted GRDP growth scenarios for the last 6 months of the year and the whole year of 2024, and at the same time recommended that the City choose a growth scenario of 7-7.5% for the whole year, striving to reach 8% this year,” said Mr. Le Thanh Tung, Deputy Director of the Department of Planning and Investment of Da Nang City.
8% is the growth rate below the target set by Da Nang for 2024 (8-8.5%). To achieve this figure, Da Nang - one of the economic locomotives of the country - is determined to remove difficulties for production and business, open up investment resources... and especially effectively implement the special policies that the National Assembly has given to the City.
“We hope to soon have guiding documents to implement the National Assembly's Resolution on urban government organization and pilot some specific mechanisms and policies for the development of Da Nang City,” said Mr. Le Thanh Tung.
Meanwhile, Mr. Le Anh Quan, Director of the Hanoi Department of Planning and Investment, said that Hanoi is determined to accelerate public investment disbursement, especially the implementation of the Ring Road 4 - Capital Region Project, as well as focus on implementing strategic breakthroughs, such as institutions, policies, planning, etc. to promote GRDP growth in 2024.
As localities recover faster, the national economy will also achieve a more positive growth rate. In that common effort, Minister Nguyen Chi Dung continued to emphasize the policy advisory role of the Ministry of Planning and Investment.
The Minister pointed out 10 important tasks that the entire industry must carry out in the second half of the year, as well as the following years, including determination to reform and innovate development thinking; focusing on removing difficulties for production and business; promoting public investment, especially key projects; attracting investment in new fields, such as semiconductors, artificial intelligence (AI) ...
"We must invest to develop and develop to stabilize," said Minister Nguyen Chi Dung.
That is the new development mindset, creating the foundation for the economy to accelerate development not only for 2024, but also in the following years.
Source: https://baoquocte.vn/huong-toi-muc-tieu-tang-truong-65-7-trong-nam-2024-279164.html
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