According to the Directive, the 2025 Socio-Economic Development Plan is being developed in the context of the world situation forecast to continue to change rapidly and unpredictably. Cooperation and development are still the major trends, but strategic competition, protectionism, new global integration trends, trade wars, supply chain separation, economic sanctions, and the race in science and technology are increasing. The global economy is growing slowly and facing many risks and challenges.
In the country, 2025 is a year of special importance, the final year of implementing the 5-year Socio-Economic Development Plan 2021-2025, and at the same time the year focusing on organizing Party Congresses at all levels, towards the 14th National Party Congress. The country's position and strength after nearly 40 years of renovation have grown stronger in both scale and competitiveness; the socio-political and macroeconomic situation continues to be stable, major balances are ensured; many key and important national projects are put into operation; the investment and business environment is improved; the position and prestige of our country continue to be enhanced. However, difficulties and challenges remain enormous, especially in completing the goals of the 5-year Socio-Economic Development Plan 2021-2025.
In the context of many difficulties and challenges in the international and domestic situation, ministries, central and local agencies research and identify the basic issues of the 2025 Socio-Economic Development Plan, focusing on the following main contents:
a) The context of developing the 2025 socio-economic development plan, including assessment and analysis of opportunities, advantages, challenges and risks of the domestic, regional and international contexts affecting the development and implementation of socio-economic development goals; paying special attention to issues such as the impact of the Russia-Ukraine military conflict, the Gaza Strip, the Red Sea, protectionism, new integration trends in the world, inflation, policy adjustments of major economies, fluctuations in commodity prices, raw materials, capital flow trends, global supply chains, digital transformation trends, green transformation, non-traditional security issues such as epidemics, natural disasters, climate change, water security, cyber security, etc. that directly and multi-facetedly impact Vietnam, etc.
b) General objectives of the Socio-Economic Development Plan for 2025.
c) Main targets and some major balances. In particular, focus on balancing the main targets in accordance with the practical situation, in order to forecast the possibility of successful implementation of the 5-year Socio-Economic Development Plan 2021-2025 and the 10-year Socio-Economic Development Strategy 2021-2030.
d) Main directions and tasks.
Ministries, central and local agencies study and propose key orientations and tasks for 2025 to ensure consistency with the common goal, while being consistent with the practical conditions and development level of each sector, each locality and major orientations, including:
- Continue to grasp the situation, proactively respond to policies promptly and effectively; synchronously and consistently operate macroeconomic policies, closely coordinate and harmoniously combine monetary, fiscal, investment, trade and other policies to consistently implement the overarching goal of maintaining macroeconomic stability, controlling inflation, promoting growth, ensuring major balances of the economy, and promoting production and business.
- Focus on perfecting the socialist-oriented market economy institutions; synchronously developing all types of markets; promoting the building, completion and review of legal policies to promptly remove obstacles, mobilize and effectively use all resources for development, and improve the investment and business environment. Speed up the progress of building synchronous strategic infrastructure, especially key and important national transport infrastructure projects, inter-regional projects, large urban infrastructure, seaports and airports.
- Promote economic restructuring associated with growth model innovation, improve productivity, quality, efficiency and competitiveness, and strengthen economic resilience. Promote human resource development, especially high-quality human resources to meet the requirements of the Fourth Industrial Revolution and international integration. Continue restructuring 3 key areas of public investment, state-owned enterprises and credit institutions. Restructure manufacturing and service sectors towards modernization, improve productivity, quality and efficiency. Promote the development of digital economy, green economy, circular economy, e-commerce, new and effective business models.
- Continue to develop energy infrastructure, digital infrastructure, e-commerce infrastructure, agricultural and rural infrastructure, respond to climate change... Form a number of tourism service centers with high-quality, branded tourism products, with regional competitiveness. Develop marine economy, gradually form economic zones, industrial parks, coastal ecological urban areas...
The proposed goals, orientations and solutions must closely follow and concretize the viewpoints, goals, 03 strategic breakthroughs, 06 key tasks, 12 groups of tasks, and main solutions according to the Resolution of the 13th National Congress of the Party, in accordance with the implementation capacity; mobilize and effectively use resources, promote investment in the form of public-private partnership, promote the self-reliance of agencies and units, closely link the socio-economic development plan and the public investment plan; be determined to successfully implement the goals of the 5-year Plan 2021-2025.
Tasks and solutions must be specific in content, time, implementation progress, and clearly quantified.
The Prime Minister requested: The proposed goals, orientations and solutions must closely follow and concretize the viewpoints, goals, 03 strategic breakthroughs, 06 key tasks, 12 groups of tasks, and main solutions according to the Resolution of the 13th National Congress of the Party, in accordance with the implementation capacity; mobilize and effectively use resources, promote investment in the form of public-private partnership, promote the self-reliance of agencies and units, closely link the socio-economic development plan and the public investment plan; be determined to successfully implement the goals of the 5-year Plan 2021-2025.
Tasks and solutions must be specific in terms of content, time, progress of implementation, completion, leading unit, coordinating unit, and must be clearly quantified such as: number of kilometers of highway; number of legal documents reviewed, developed, and completed; administrative procedures shortened; staffing streamlined, etc.
Strive for domestic revenue estimate in 2025 to increase by at least 5-7%
Regarding the task of building the State budget estimate for 2025, the Directive clearly states that the domestic revenue estimate for 2025, excluding land use fees, lottery revenue, proceeds from the sale of state capital at enterprises, dividends, after-tax profits and the difference between revenue and expenditure of the State Bank, will increase by at least 5-7% nationwide compared to the estimated implementation in 2024 (excluding factors of increased or decreased revenue due to policy changes), the growth rate in each locality is consistent with economic growth and revenue sources arising in each locality on the basis of taking into account factors of strengthening revenue management, preventing revenue loss and recovering tax debts. The estimated revenue from import-export activities in 2025 will increase by an average of about 4-6% compared to the estimated implementation in 2024.
All revenues from rearranging and handling public assets (including houses and land), revenues from leasing exploitation rights, limited-term transfers of exploitation rights of infrastructure assets, and revenues from exploiting land and water surfaces (after deducting related expenses) must be fully budgeted and paid to the State budget in accordance with the provisions of law.
State budget expenditure estimates are close to implementation capacity, minimizing the cancellation of estimates and transferring resources to the following year.
Develop the 2025 State budget expenditure estimate to ensure compliance with legal provisions; principles, criteria, and norms for allocating development investment capital and regular state budget expenditures approved by competent authorities; meet the requirements of budget restructuring according to Resolution No. 07-NQ/TW dated November 18, 2016 of the Politburo, in conjunction with promoting the rearrangement of the apparatus, streamlining the payroll, and focal points of the public service sector; Funding for the new salary regime, pension adjustments, social insurance benefits, preferential benefits for people with meritorious services, and social benefits from July 1, 2024.
Ensure resources to continue implementing wage and social insurance policies according to Resolutions No. 27-NQ/TW, Resolution No. 28-NQ/TW of the 7th Central Conference (Term XII) and Resolution No. 104/2023/QH15 of the 15th National Assembly.
Thoroughly grasp the principles of publicity, transparency and the requirement to practice thrift and combat waste according to Resolution No. 74/2022/QH15 dated November 15, 2022 of the National Assembly right from the stage of determining tasks, ensuring the implementation of unified tasks from the stage of budget preparation to the implementation of allocation, management and use of the State budget; develop a budget close to the ability to implement the allocation before December 31, minimizing the cancellation of the budget and transferring resources to the following year. Proactively review overlapping policies and tasks, prioritize expenditures according to the level of urgency, importance and ability to implement in 2025. Only submit to competent authorities to issue new policies, projects and tasks when really necessary and with guaranteed sources; fully estimate the funding needs to implement new policies, regimes and tasks that have been decided by competent authorities; do not arrange expenditure estimates for policies that have not been issued. Effectively use revenue from equitization and divestment of state capital in enterprises according to the provisions of law.
In particular, the Prime Minister noted on development investment expenditure: The 2025 State budget public investment plan allocated to tasks and projects must be consistent with the implementation and disbursement capacity of each task and project, ensuring detailed allocation and assignment to tasks and projects before December 31, 2024; overcoming the situation of fragmented, spread out, ineffective capital allocation, capital allocation but not allocating all assigned capital sources, ensuring the progress of allocation and assignment of detailed plans to tasks and projects in accordance with regulations.
In addition, innovate the management mechanism, financial mechanism, reorganize the system of public service units, develop expenditure estimates for public service units based on the orientation in Resolution No. 19-NQ/TW dated October 25, 2017 of the 6th Central Conference, Session XII and legal documents, guiding documents on the financial autonomy mechanism of public service units. Public service units that are self-sufficient in part in regular expenditures under ministries and central agencies continue to develop the 2025 State budget expenditure estimates to reduce at least 3% of direct support expenditures from the State budget compared to the 2024 estimate, reduce the number of public service employees receiving salaries from the State budget in accordance with Resolution No. 19-NQ/TW; Public service units whose regular expenditures are guaranteed by the State budget under ministries and central agencies shall reduce at least 2% of direct expenditures from the State budget compared to the 2024 estimate, except for basic and essential public services guaranteed by the State budget.
For agencies and units applying special financial mechanisms: From the 2025 budget year, state administrative agencies and units will no longer be allowed to apply special financial mechanisms on salaries, allowances, income and regular expenses. Units will prepare revenue and expenditure estimates for 2025 based on decisions by competent authorities on financial mechanisms applicable from July 1, 2024 and for 2025, in accordance with Resolution No. 104/2023/QH15 of the National Assembly on the 2024 state budget estimate.
The Directive also clearly states that ministries and central agencies shall base on the salary, pension, and allowance regimes for meritorious people, and social security policies decided to be implemented by competent authorities in 2024 to review and make estimates for 2025, detailing salary funds, contributions, policies, and spending regimes for people, along with specific increases and decreases; achievements, shortcomings, and limitations (if any).
The construction of local budget revenue and expenditure estimates must closely follow the socio-economic development goals and tasks of the country and localities in 2025.
The development of local budget revenue and expenditure estimates for 2025 must closely follow the national and local socio-economic development goals and tasks for 2025, the 2023-2025 period; the national and local 5-year financial plans, the medium-term public investment plan for the 2021-2025 period; decentralization of revenue sources and expenditure tasks in accordance with the provisions of the State Budget Law and implementing guidelines; State budget expenditure policies and regimes, ensuring sufficient resources to implement the policies and regimes issued by the Central Government.
In addition to the general guidelines on the work of preparing state budget estimates, the preparation and construction of local budget estimates should pay attention to the following main contents:
Localities shall develop local budget revenue estimates based on the synthesis of all revenues from taxes, fees, charges and other revenues in the locality in accordance with Article 7 of the State Budget Law and relevant legal provisions.
Requires active and realistic state budget revenue estimates, fully synthesizing new revenue items arising in the area to correctly and fully calculate revenue sources, not leaving room for localities to assign revenue targets; specifically analyze and evaluate impacts affecting the 2025 state budget revenue estimates by each locality, revenue sector, revenue item, and tax.
At the same time, build the local budget expenditure estimate based on the local budget revenue enjoyed according to decentralization, the additional balance from the central budget to the local budget determined by the assigned budget in 2024 (if any), the additional amount from the central budget to the local budget to implement salary reform in 2025 after using the salary reform source according to local regulations (if any). Based on the objectives of the socio-economic development plan for the entire period of 2021-2025, closely following the local socio-economic development objectives and tasks in 2025; estimating the implementation of local budget revenue and expenditure tasks in 2024 to build a detailed local budget expenditure estimate for each expenditure area according to the provisions of the State Budget Law, ensuring priority is given to allocating sufficient estimates of funding needs to implement committed projects and tasks, and issued policies and regimes.
According to Government Electronic Newspaper
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