Prime Minister: Prepare well the documents to submit the investment policy for the North-South high-speed railway project.

The Prime Minister also requested a review of the work serving the 8th Session of the 15th National Assembly, including the preparation of documents to submit the investment policy for the high-speed railway project on the North-South axis.

Having just returned from a business trip to China late on the night of November 8, on the morning of November 9, Prime Minister Pham Minh Chinh chaired the regular Government meeting for October 2024, discussing many important issues.

Attending the meeting were members of the Politburo, members of the Party Central Committee, Deputy Prime Ministers, members of the Government, leaders of ministries, branches and central agencies.

The Prime Minister chairs a regular Government meeting (Photo: VGP).

According to the program, the meeting focused on discussing and evaluating the socio-economic situation in October and the first 10 months of the year, orientations, tasks and solutions in November and from now until the end of the year.

In his opening speech, Prime Minister Pham Minh Chinh assessed that the socio-economic situation continues to trend that next month is better than the previous month, next quarter is better than the previous quarter, and this year is better than last year.

The Prime Minister asked delegates to focus on discussing and clarifying the achievements, limitations, difficulties, challenges, analyzing the causes and lessons learned in direction and management.

Proposing forecasts and assessments of the situation in the coming time, including forecasting the impact of the election results in the United States, thereby proposing mechanisms, policies and solutions in the coming time, the Prime Minister requested to always be proactive, positive, respond to policies promptly, and have operational scenarios for all situations.

The Prime Minister emphasized the tasks and solutions to complete all the goals of 2024, especially the GDP growth target. If the fourth quarter reaches about 7.5%, the whole year will reach more than 7%, nearly double the average of ASEAN and the world.

The Prime Minister stated that GDP growth is a very important indicator, helping to increase labor productivity.

The Prime Minister also requested a review of the work serving the 8th Session of the 15th National Assembly, including the preparation of documents to submit the investment policy for the North-South high-speed railway project; the organization of upcoming major national holidays, especially the 80th anniversary of the founding of the heroic Vietnam People's Army at the end of 2024 and major holidays in 2025.

Resolute to start the Lao Cai – Hanoi – Hai Phong railway project

In his concluding remarks, Prime Minister Pham Minh Chinh expressed his excitement that 40 new houses in Lang Nu have been built, and praised the State Bank for quickly providing capital to farmers and businesses affected by the storm. The Ministry of Agriculture and Rural Development and the Ministry of Finance also promptly handled issues related to seeds for the people.

In addition to the basic achievements, in terms of shortcomings, limitations, difficulties and challenges, the Prime Minister noted that the regional and international situation still has many uncertainties and risks; the pressure on macroeconomic management is still great, especially in terms of managing exchange rates, interest rates, supply and prices of domestic goods and services.

Assessing that the situation in the coming time will continue to have more difficulties and challenges than opportunities and advantages due to the trend of separation and fragmentation in the world, strategic competition, changes in policies of countries, disruptions in supply chains, production, markets, etc., the Prime Minister requested all levels, sectors and localities to resolutely implement the tasks and solutions set out, striving to achieve and exceed all 15/15 main targets of 2024, creating momentum for 2025.

Overview of the meeting.

Specifying 10 key groups of tasks and solutions, the Prime Minister requested to continue prioritizing promoting growth associated with maintaining macroeconomic stability, controlling inflation, and ensuring major balances of the economy with the target.

GDP growth rate in the fourth quarter is about 7.4-7.6%, the whole year will reach over 7%, inflation will be controlled below 4.5%; credit growth will be about 15%; state budget revenue will increase by at least 15%.

Resolutely ensure adequate supply of electricity and gasoline to meet production and consumption requirements; at the same time, develop and implement a plan to ensure long-term electricity supply.

Emphasizing the focus on renewing traditional growth drivers and strongly promoting new growth drivers, especially national digital transformation, the Prime Minister requested to accelerate the implementation of public investment projects and three national target programs; promote private investment; strengthen public-private partnership, selectively attract FDI...

Regarding promoting the disbursement of public investment capital, the Prime Minister assigned the Ministry of Transport, the State Capital Management Committee at Enterprises, and enterprises to quickly and drastically implement tasks to start the Lao Cai - Hanoi - Hai Phong railway project in 2025 and then continue to start the Lang Son - Hanoi route.

With the view that institutions are the "breakthrough of breakthroughs", the Prime Minister requested to accelerate the improvement of institutions, laws, and administrative procedure reform. Continue to resolutely remove legal obstacles, promote decentralization, and resolutely eliminate the mechanism of asking and giving, in the spirit of local decision, local action, and local responsibility.

Thoroughly overcome the situation of arrears and slow issuance of detailed regulations and guidance on law implementation. Promptly issue a Decree on the establishment, management and use of the Investment Support Fund and a project on developing high-quality human resources to serve high-tech development.

The Prime Minister requested the establishment of a Steering Committee and a Working Group to assist in streamlining the Government apparatus in accordance with Resolution No. 18 of the Central Committee on continuing to innovate and reorganize the apparatus of the political system to be streamlined, operate effectively and efficiently, and under the direction of the Politburo.

"We cannot achieve the development goals by 2030 and 2045 without achieving double-digit growth each year in the coming decades. And we can achieve double-digit growth if we remove institutional barriers and bottlenecks and unleash the resources of the whole society. Ministers, Deputy Prime Ministers, and the Prime Minister must focus on directing this work," the Prime Minister emphasized.

Source: https://www.baogiaothong.vn/thu-tuong-chuan-bi-tot-ho-so-trinh-chu-truong-dau-tu-du-an-duong-sat-toc-do-cao-bac-nam-192241109101827697.htm