Economic development 2025 and the problem of solving the situation of excess money in the State Treasury

The Vietnam Investment Forum 2025 has just taken place, many contents related to the macroeconomic context and capital flow trends were analyzed and dissected.

The Government and the National Assembly are making efforts to promote the rapid and stable growth of Vietnam's economy - Photo: BONG MAI

Many experts and investors attended the 2025 Investment Forum, with the theme "Unlocking and Breaking Through", taking place today, November 8, organized by VietnamBiz and Viet Nam Moi.

Flexibly handle urgent problems

Through the forum, Mr. Phan Duc Hieu - standing member of the Economic Committee of the 15th National Assembly - said that the National Assembly is meeting and discussing the socio-economic situation in 2024, along with the direction and tasks for 2025, considering many important contents.

Regarding the socio-economic development situation, as of the last quarter, 14/15 targets have been achieved, and the remaining targets are expected to be completed this year. This is a positive thing as last year only 10/15 targets were completed. At the same time, the Government is very eager to exceed the GDP growth target set by the National Assembly.

In terms of institutions, during this session the National Assembly is expected to pass 19 laws and resolutions regulating socio-economic development, as well as discuss and give opinions on 12 other draft laws and resolutions.

Mr. Hieu commented that the current institutional reform work is more flexible, drastic and ensures more harmony than the previous stage. Efforts are being made to immediately deal with urgent problems.

For urgent issues that do not have sufficient basis to become law, the National Assembly applies the concept: pilot resolution. For example, it is considering a pilot resolution to implement commercial housing projects, in cases where the investor receives land use rights from another party or is currently holding land use rights. Pilot on handling assets in civil and criminal cases.

Regarding the high-speed railway project, from now until the end of the year, the National Assembly will approve whether to implement it or not. This line is 1,541km long, with a speed of 350km/h. Starting from Ngoc Hoi station (Hanoi) to Thu Thiem station (HCMC), passing through 20 localities, 23 passenger stations, 5 cargo stations. Expected to promote socio-economic development.

Must solve the problem of excess money in the treasury, promote Vietnam's economy

Forecasting the economic situation in 2025, Mr. Nguyen Tu Anh - Director of the Center for Economic Information, Analysis and Forecast, Central Economic Committee, assessed Vietnam's monetary policy, saying there are many motivations to stick to.

First, next year is the last year of the 2021 - 2025 term, with high determination in management and implementation. Note that while Vietnam previously had a goal of stable and then fast growth, the new viewpoint now is: fast to stabilize. This means accepting higher risks, adjusting the inflation rate to 4.5%, instead of 4%.

Next, Mr. Tu Anh presented the reality: " The economy is lacking capital, we have money but cannot get it out". There is 1 million billion VND in the State Treasury .

Therefore, the Central Steering Committee on anti-corruption and negativity also emphasizes the fight against waste. That is, the case where leaders are afraid to do anything and do not disburse public investment. " Pointing out projects that have not been completed for decades is even bigger than corruption," the expert said.

With the above decision, it is expected that public investment money will be released quickly, reducing money in the State Treasury, thereby creating motivation to promote private investment.

Regarding the Vietnamese stock market, since the beginning of the year, foreign investors have withdrawn a net of approximately 3 billion USD. Mr. Le Anh Tuan - director of Dragon Capital investment - said that it is a fact that many parties label Vietnam as similar to China. However, "in the coming time, international investors will realize that we are not like China".

Therefore, it is likely that our country's stock market will be upgraded from frontier to emerging in March 2025, earlier than September 2025. However, the development of foreign capital flows into the Vietnamese stock market still depends on the decisions of President Donald Trump, which are expected to become clear in the middle of next year.

Mr. Nguyen Ba Hung - Chief Economist, Asian Development Bank (ADB) in Vietnam - said that Vietnam's economy is open, with exports accounting for a large proportion of GDP structure, so when there are difficulties in global trade policies, especially the US, the Vietnamese market will face challenges.

Therefore, in addition to promoting foreign economic advantages, it is necessary to focus on stimulating domestic demand to create a more stable position.

Source: https://tuoitre.vn/phat-trien-kinh-te-2025-va-bai-toan-giai-quyet-tinh-trang-kho-bac-nha-nuoc-thua-tien-20241108135806489.htm