The Ministry of Planning and Investment has prepared the necessary contents and documents for the Government to submit to the National Assembly for consideration and approval at the Extraordinary Session, including adjusting a number of socio-economic growth targets for 2025.
On the afternoon of February 5, at the regular Government press conference for January 2025, the press asked the leaders of the Ministry of Planning and Investment about breakthrough solutions to achieve the GDP growth target of 8% or more in 2025.
Mr. Tran Quoc Phuong - Deputy Minister of Planning and Investment (Photo: VGP).
Mr. Tran Quoc Phuong - Deputy Minister of Planning and Investment said that at the 8th Session, the National Assembly passed the Resolution on the Socio-Economic Development Plan for 2025 with a gross domestic product (GDP) growth rate of about 6.5-7% and a target of about 7-7.5%. The average consumer price index (CPI) growth rate is about 4.5%.
However, the Central Committee recently passed a resolution directing the adjustment of the 2025 growth target to 8% or more.
Mr. Phuong said: "This is a very important goal, which will contribute to creating a solid foundation to achieve double-digit growth rate (over 10%) continuously for many years to come, especially in the context of many important events in the country."
In response to that request, the Ministry of Planning and Investment has prepared the necessary contents and documents for the Government to submit to the National Assembly for consideration and approval at the upcoming extraordinary session, which will adjust a number of socio-economic growth targets for 2025, especially a number of balances related to investment, budget, inflation, etc.
At the same time, the Ministry of Planning and Investment has prepared a separate resolution to submit to the Government to implement the concretization of the 8% growth task, in which the average growth target for localities is assigned from 8% or more in 2025.
Talking about solutions to realize the set goals, Mr. Phuong said that "very high determination and great efforts" are needed, which has been shown in Resolution 01.
"For the 8% growth target, the dosage of solutions in Resolution 01 of ministries, branches and localities with the determination to implement is set at a higher level," said Mr. Phuong.
According to Deputy Minister Tran Quoc Phuong, the Ministry of Planning and Investment has advised the Government on a number of key tasks and solutions. In particular, it focuses on prioritizing resources for the work of perfecting institutions and laws, identifying institutions as the "breakthrough of breakthroughs" for development.
"Removing institutional bottlenecks for investment projects is really necessary to quickly unblock resources that have been blocked for a long time. This is a very large and important task," said Mr. Phuong.
In addition, Mr. Phuong said that it is necessary to increase public investment. He also reiterated that at the meeting this morning (February 5), the Prime Minister requested to reduce the proportion of regular expenditure to below 60% of total budget expenditure, saving about 10% more regular expenditure in 2025 to supplement investment for the Lao Cai - Hanoi - Hai Phong railway line.
For the state-owned enterprise sector, after being streamlined according to Resolution 18, it will create space and opportunities for enterprises to develop, especially leading enterprises with large projects that have spillover and leadership effects, thereby promoting economic development.
Regarding attracting investment from domestic private enterprises, in addition to improving the business investment environment, it will promote the increase of newly established enterprises in 2025, while removing obstacles to unclog the bond, real estate, and stock markets, etc.
Regarding exports, 2025 will face many major challenges related to US protectionist and tax policies. Therefore, it is necessary to carefully analyze the situation, make the most of signed free trade agreements (FTAs), and open up new markets. At the same time, ensure the structure between input and output.
For consumption, it is necessary to promote the purchasing power of the domestic market. In January 2025, the consumer price index (CPI) in January increased by 3.63% over the same period; supply and demand, prices of goods are stable, there is no phenomenon of sudden price increases, taking advantage of artificial scarcity of goods to make illegal profits.
The Deputy Minister of Planning and Investment also emphasized the need to promote new growth drivers. According to him, Vietnam currently has a very good position on the world technology map. "This is an advantage, a boost, a long-term driving force and an opportunity for us to make a breakthrough," Mr. Phuong added.
Source: https://www.baogiaothong.vn/se-trinh-quoc-hoi-dieu-chinh-chi-tieu-gdp-nam-2025-tai-ky-hop-bat-thuong-192250205182929658.htm
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