Many localities determined to achieve higher growth than the target assigned by the Government.

Many localities said they will strive for higher growth than the target assigned by the Government, with the key solution being: resolutely disbursing public investment and promoting new growth drivers.

On February 21, Prime Minister Pham Minh Chinh chaired a Government Conference with localities to implement the Central Committee's conclusions and the National Assembly and Government's resolutions on economic growth.

Co-chairing and attending the conference at the bridge locations were Deputy Prime Ministers, leaders of ministries, branches, central and local agencies.

Speaking at the opening of the conference, Prime Minister Pham Minh Chinh emphasized that 2025 is a very important year, a year with many important anniversaries (135th birthday of President Ho Chi Minh, 95th anniversary of the founding of the Party, 80th anniversary of the founding of the country, 50th anniversary of the liberation of the South, national reunification, 80th anniversary of the tradition of the People's Public Security); at the same time, continue to streamline the apparatus according to Resolution 18 of the Central Committee; successfully organize Party congresses at all levels towards the 14th National Party Congress; complete the goals set by the 13th National Party Congress, continue to strive to achieve the two 100-year goals (by 2030, Vietnam will be a developing country, modern industry, with high average income; by 2045, Vietnam will be a developed country, with high income).

According to the Prime Minister, GDP growth is the most important factor in achieving the above two goals. GDP growth will impact the size of the economy, per capita income, and the ranking of Vietnam's economy in the world.

"There is no other way, we must maintain high and sustainable growth continuously from now until 2045, only then can we overcome the middle-income trap and rise up, achieve strategic goals, realize aspirations in the new era, develop richly, civilized, prosperous, people are increasingly prosperous and happy", the Prime Minister emphasized.

"The Party has directed, the Government is unified, the National Assembly agrees, the people support, the Fatherland expects, so there is only discussion, not retreat. The problem is how to do it?", the Prime Minister raised the issue and said that international experience and the latest announcement from the World Bank (WB) show that over the past 30 years, only 34 economies have succeeded in escaping the middle-income trap to become high-income countries, while 108 countries have not overcome it. In general, economies that have become high-income countries have maintained high growth for about 30 years.

According to the announcement of the Ministry of Planning and Investment, Vietnam has grown by about 6.4% in nearly 40 years of innovation since 1986. In 2024, Vietnam's GDP will reach over 470 billion USD, with per capita income of about 4,700 USD. If GDP growth is at about 7% per year, it will be very difficult to achieve the two 100-year goals. Thus, in the next 2 decades, we need to accelerate to achieve the set strategic goals. The road ahead is still very difficult, the Prime Minister stated.

In 2025, we have to do a lot of things, including increasing GDP growth by at least 8% to create momentum, position, and strength for double-digit growth in the coming years. This is an especially important but also very difficult task, requiring the drastic, synchronous, joint efforts and consensus of the entire political system, business community, and people of the whole country.

The Prime Minister stated that if the whole country wants to grow at over 8%, all ministries, branches, localities, and sectors must grow at over 8%, domestic and foreign enterprises, collective economy, private economy, etc. must all grow at over 8%.

“This is the time for us to accelerate, break through, reach the finish line, and take advantage of every opportunity for the country to move forward quickly, move forward strongly, and fly high and far. The world situation is changing very quickly, we must seize opportunities, turn difficulties and challenges into motivation, the more difficulties and challenges, the more efforts we must make,” said the Prime Minister.

Prime Minister Pham Minh Chinh chaired the Government Conference with localities.

Many "locomotives" aim for double-digit growth

At the conference, leaders of many localities said they would strive for growth higher than the target assigned by the Government.

Ho Chi Minh City was assigned a growth target of 8% this year, but "for the whole country and the people of the city, the city strives for at least 10% growth," said Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc. Accordingly, in the immediate future, the city will put the reorganization apparatus into operation quickly and promptly, without interruption in state management. At the same time, it will focus on administrative reform, removing bottlenecks to put backlogged projects and projects with problems into operation, creating development resources in the coming time. Along with that, the city will mobilize all resources and social capital for development investment, using public investment to lead private investment and mainly invest in transport infrastructure...

Chairman of Hai Phong People's Committee Nguyen Van Tung also pledged to "achieve the growth target of 12.5% ​​assigned by the Government, and possibly even grow at a higher rate". In the first quarter, Hai Phong's GRDP reached about 12%, higher than the average of the first quarter of previous years, usually 10%. The city is building a development plan with an average GRDP growth target of 15.6% in the period 2026 - 2030.

Mr. Tung said that recently, the Prime Minister approved the Southern Coastal Economic Zone of the city with a scale of 13,000 hectares. This is a key project, the basis for achieving the growth target. The city is focusing on accelerating site clearance to ensure project progress; many large corporations and investors in the world are also interested and looking for investment opportunities. For the Lao Cai - Hai Phong railway project, the city committed to contributing 11,000 billion VND for implementation and proposed that the Ministry of Transport consider the construction plan at the same time from both ends of the route to shorten the construction time and put the project into operation soon. Regarding the Tan Vu - Lach Huyen international seaport system, the city proposed that the Prime Minister soon consider and approve the development of wharfs 9 to wharf 12 to ensure synchronous connection of transport infrastructure.

With a sense of responsibility and considering its potential and advantages, Quang Ninh is also determined to strive for a growth rate exceeding 14%, 2 percentage points higher than the target assigned by the Government, said Chairman of the Quang Ninh Provincial People's Committee Pham Duc An. The province takes public investment and non-budgetary investment as the main growth driver; ensures that traditional industries such as coal and electricity must meet the set targets; tourism attraction revenue must reach more than 55,000 billion VND... The province also hopes that the Prime Minister will consider approving the policy of implementing a high-end complex tourism area of ​​Van Don Economic Zone. The project has a total investment of about 1 billion USD, if resolved as soon as possible, it will contribute to growth for 2025 and the following years...

In addition, many localities have determined to focus on developing new, comprehensive growth drivers. Hanoi has established a Steering Committee to implement Resolution 57 of the Politburo, striving for the rate of innovative enterprises to be over 50% (about 150,000/210,000 operating enterprises); developing more than 200 units certified as science and technology enterprises; focusing on developing digital economy, creative economy, striving for the proportion of Hanoi's digital economy to reach over 20 billion USD by 2025; establishing more industrial parks, high-tech agriculture... Da Nang focuses on effectively operating Software Park No. 2; focusing resources on completing infrastructure, developing human resources and appropriate incentive policies to attract strategic, leading investors in the international microchip field; striving for information and communication revenue to increase by 10 - 10.5%; Software export turnover reached 180 - 200 million USD, up 12 - 13%...

Support businesses in implementing breakthrough mechanisms and policies

On a general level, Deputy Minister of Planning and Investment Tran Quoc Phuong said that in the coming time, it is necessary to focus on administrative reform, quickly resolve investment procedures, and remove difficulties and obstacles for businesses and projects. Along with that, it is necessary to eliminate prejudices about businesses and private enterprises; always accompany businesses to remove difficulties and obstacles, support businesses in implementing pilot and specific mechanisms and policies, new and breakthrough regulations, and "green channel" regulations for projects in the high-tech sector.

Deputy Minister Tran Quoc Phuong emphasized the need to continue to effectively implement and put Resolution No. 57-NQ/TW into practice; promptly issue documents guiding new, breakthrough policies that have been approved by the National Assembly for piloting on investment, finance, bidding, controlled testing, fund mechanisms, venture capital, science and technology funds, and commercialization of business research results... to remove bottlenecks, difficulties, and obstacles in science, technology, and innovation activities.

Along with that, focus on reviewing, amending and perfecting regulations that are no longer suitable, overlapping or incomplete in the direction of resolving problems wherever they are, and at which level, that level proactively implements according to its authority or proposes amendments and completions. Continue to identify public investment disbursement as the top political task. Develop tax and credit mechanisms and policies to support increased purchasing power, stimulate domestic consumption and tourism. Effectively exploit opportunities from 17 signed FTAs; expand and diversify export markets...

On the part of the State Bank, Governor Nguyen Thi Hong said that she will closely monitor the developments of the world and domestic economic situation, proactively propose solutions and tools at the right time and in the right amount to help control inflation, stabilize the macro economy, stabilize the money market and banking activities, and ensure the safety of the banking system. Based on the inflation target of about 4.5 - 5%, the State Bank will monitor actual developments to adjust credit growth. Along with that, she will continue to direct credit institutions to reduce costs to continue reducing interest rates, supporting businesses and people; implementing a 100 trillion VND aquatic credit package, a 120 trillion VND housing support package, etc.

Appreciating the reports and opinions with a spirit of unity, high fighting spirit, and specific solutions with high feasibility, Prime Minister Pham Minh Chinh assigned the Government Office, the Ministry of Planning and Investment, and the Ministry of Finance to synthesize, absorb opinions, promptly complete, and submit for promulgation the Prime Minister's directive for implementation.

Source: https://baodaknong.vn/nhieu-dia-phuong-quyet-tang-truong-cao-hon-chi-tieu-chinh-phu-giao-243551.html