Economic growth recovers positively
Presenting the Report on the verification of the results of the implementation of the socio-economic development plan for 2024; the projected socio-economic development plan for 2025, Chairman of the National Assembly's Economic Committee Vu Hong Thanh emphasized that in 2024, the world and regional situation continued to develop rapidly, strongly, complicatedly, and unfavorably. Overcoming difficulties and challenges, our country's socio-economy continued its recovery and development trend, achieving many important and comprehensive results in all fields; expected to achieve and exceed 14/15 main targets set out in Resolution No. 103/2023/QH15 (in 2023, 10/15 targets were achieved and exceeded).
Economic growth recovered positively, the whole year is estimated at about 6.8-7%, exceeding the target set by the National Assembly (6-6.5%), and is positively assessed by international organizations in terms of growth prospects. The macro economy is basically stable, inflation is controlled under the condition of high minimum wage increase; major balances of the economy are ensured; public debt, government debt, and budget deficit are controlled, much lower than the targets approved by the Central Government and the National Assembly. The financial and monetary markets are basically stable; average lending interest rates for new transactions of commercial banks continue to decrease.
High growth in import-export and foreign direct investment is a bright spot of Vietnam's economy in 2024. In the first 9 months of 2024, export turnover increased by 15.4% and import turnover increased by 17.3% over the same period, with a trade surplus of nearly 20.79 billion USD. Total registered foreign direct investment (FDI) capital was more than 24.8 billion USD, up 11.6% over the same period. Realized FDI capital is estimated at 17.34 billion USD, up 8.9%, the highest since 2021, reflecting the continued improvement of the investment environment, foreign investors continue to be interested in and trust in Vietnam's investment environment. In addition, international visitors to Vietnam in the first 9 months reached 12.7 million, up 43% over the same period last year; It is expected that there will be more than 18 million international visitors this year, equivalent to before the Covid-19 pandemic...
Control inflation and exchange rates
Regarding the proposed Socio-Economic Development Plan for 2025, Chairman of the Economic Committee Vu Hong Thanh said that 2025 is the final year of implementing the 5-year Socio-Economic Development Plan 2021-2025, which is of great significance in realizing the socio-economic development goals of the entire term.
The Economic Committee basically agrees with the major orientations, general goals, targets and 12 main groups of tasks and solutions according to the Government's Report. To focus on some key, core issues to be implemented in 2025, the Economic Committee adds and emphasizes some main tasks and solutions such as: Promoting rapid and sustainable economic growth on the basis of enhancing endogenous capacity, stabilizing the macro economy, ensuring major balances of the economy; controlling inflation and exchange rates.
At the same time, continue to restructure the economy, innovate the growth model; consolidate, maintain the role and renew the main growth drivers, traditional growth drivers, promote new growth drivers. Strengthen the adjustment of fiscal policies more appropriately and effectively in 2025 to adapt to global challenges.
In addition, focus on removing difficulties, reviving the capital market, creating favorable conditions for people and businesses to borrow capital to restore and develop production and business. Implement proactive, flexible, timely and effective monetary policies...
Source: https://kinhtedothi.vn/tao-dieu-kien-thuan-loi-cho-nguoi-dan-va-doanh-nghiep-vay-von-de-phuc-hoi.html
![[Photo] Prime Minister Pham Minh Chinh chairs Government Conference with localities on economic growth](https://vstatic.vietnam.vn/vietnam/resource/IMAGE/2025/2/21/f34583484f2643a2a2b72168a0d64baa)
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