Attending the online bridge of Long An province were Standing Deputy Secretary of the Provincial Party Committee, Head of the Provincial National Assembly Delegation - Nguyen Thanh Hai; Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee - Nguyen Van Ut; Member of the Standing Committee of the Provincial Party Committee, Vice Chairman in charge of the Provincial People's Council - Mai Van Nhieu and Vice Chairmen of the Provincial People's Committee, representatives of departments and branches.
This is the first conference between the Government and localities after the Government was reorganized following the 9th Extraordinary Session of the 15th National Assembly. At the session, the National Assembly voted to pass a resolution supplementing the 2025 socio-economic development plan with a growth target of 8% or more. The GDP scale in 2025 will reach approximately more than 500 billion USD.
Speaking at the conference, Prime Minister Pham Minh Chinh emphasized that the implementation of the growth target is an important factor in determining the scale of the economy, per capita income, and the ranking of the Vietnamese economy in the world. There is no other way but to maintain high and sustainable growth continuously from now until 2045. This will help our country overcome the middle-income trap and achieve strategic goals in the new era.
"The Party has directed, the Government is unified, the National Assembly agrees, the People support, the Fatherland expects, so we only discuss action, not retreat" - the Prime Minister especially emphasized.
The middle-income trap is a situation in which the average income per capita of an economy, after increasing to a certain level, cannot catch up for a long time to reach the income level of a developed country. International experience and the latest statistics of the World Bank (WB) show that 34 economies have escaped the middle-income trap to become high-income countries since 1990, while 108 countries have not yet overcome it.
The Prime Minister also said that for Vietnam, by the end of 2024, the size of the Vietnamese economy will only reach more than 470 billion USD; per capita income will only reach more than 4,700 USD; if the average growth rate is only 7%/year, it will be difficult for Vietnam to achieve the above target. At the same time, he cited evidence that some economies that have become high-income countries have maintained a growth rate of around 10% for about 30 years. These are Japan, China,...
Meanwhile, Vietnam has achieved an average growth rate of 6.4% in nearly 40 years of renovation (from 1986 to present). Therefore, the next period must accelerate further to achieve the strategic goal set for 2045. This is an important task, requiring drastic and synchronous participation. All ministries, sectors, localities, domestic and foreign enterprises, collective economy, and private economy must achieve growth of more than 8%.
The Prime Minister noted that growth must be high but sustainable, and that it is necessary to maintain macroeconomic stability, control inflation, ensure progress, fairness, social security, and protect a bright, green, clean, and beautiful environment, without sacrificing progress, fairness, social security , and the environment to pursue mere economic growth.
Delegates attending the conference at the online bridge point of Long An province
"With such a goal, it is impossible not to do it. Therefore, there is a lot of work to do; we must be highly determined, make great efforts, work with focus, especially public investment, do each task to the end, do each task to the end. This is the time for us to accelerate, break through, reach the finish line, take advantage of every opportunity for the country to progress quickly, strongly, fly high and far. The world situation is changing very quickly, we must seize the opportunity, turn difficulties and challenges into motivation, the more difficulties and challenges, the more efforts we must make" - the Prime Minister suggested.
According to the Prime Minister, to achieve growth, we must renew traditional driving forces (investment, export and consumption, diversifying markets, products and supply chains), promote new growth drivers such as digital economy, green economy, sharing economy, circular economy, knowledge economy, etc., and exploit new development spaces such as marine space, underground space, and outer space. To do so, we must have resources in terms of human resources, capital, technology, institutions, etc./.
Le Duc
Source: https://baolongan.vn/thu-tuong-chinh-phu-chu-tri-hoi-nghi-voi-cac-dia-phuong-yeu-cau-phai-duy-tri-tang-truong-cao-a190757.html
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