Prime Minister Pham Minh Chinh has just signed Directive No. 05/CT-TTg dated March 1, 2025 on key tasks and solutions to promote economic growth and accelerate disbursement of public investment capital, ensuring the national growth target of 8% or more in 2025.
The Directive clearly states that the growth target of 8% or more in 2025 is a difficult and challenging task, but we must be determined to complete it to create momentum, create strength, and create a position for double-digit growth in the following years, with the spirit: "The Party has directed, the Government has agreed, the National Assembly has agreed, the People have supported, the Fatherland has expected, then we only discuss doing, not retreating.
The Government's guiding and operating viewpoint is to achieve rapid but sustainable economic growth, ensure macroeconomic stability, major economic balances, control inflation; improve people's material and spiritual lives, ensure social security, social progress and equity, and protect the environment; balance and harmonize short-term growth targets with medium- and long-term development; not sacrifice progress, social equity and the environment in exchange for pure economic growth. Economic growth must be based on science and technology, innovation and digital transformation, high-quality human resources, and increased labor productivity. The goal is to aim for sustainable, inclusive, and comprehensive growth, bringing benefits to all people.
Maximize resources, proactiveness, creativity, flexibility, innovation, breakthrough spirit, responsibility of ministries, branches and localities; take people and businesses as the center, consider the difficulties of people and businesses as our own difficulties to proactively support and accompany to remove difficulties and obstacles in the spirit of "not saying no, not saying difficult, not saying yes but not doing". Mobilize all economic sectors, all businesses and people to participate in socio-economic development.
Closely monitor and grasp the situation, do a good job of analysis and forecasting, proactively develop synchronous, comprehensive, and focused solutions to have timely, flexible, and effective policy responses, especially for newly arising, difficult, and sensitive issues.
In directing and operating, it is necessary to promote the highest spirit of self-control, self-confidence, self-reliance, self-strengthening, and national pride; make the most of all opportunities, motivations, and internal and external resources for development; be flexible, creative, dare to think, dare to do, dare to take responsibility for the common good; have high determination, great effort, and decisive action with focus and key points; clearly assign people, tasks, time, responsibilities, and results.
The Directive sets out key tasks and solutions to promote economic growth and accelerate disbursement of public investment capital:
Focus on resolutely, synchronously and effectively implementing the Resolutions and Conclusions of the Central Committee, Politburo, National Assembly and Government, effectively promoting new and breakthrough mechanisms, policies and regulations that have been issued, removing obstacles and immediately liberating the resources of the economy.
The Ministry of Finance continues to research and propose policies on tax, fee, charge and land rent exemption, reduction and extension to support people and businesses; urgently research, develop and submit to competent authorities for promulgation of Resolutions on mechanisms and policies for breakthrough development of the private economic sector...
The State Bank of Vietnam shall conduct monetary policy proactively, flexibly, promptly, effectively, closely and harmoniously in coordination with a reasonable, focused expansionary fiscal policy and other macroeconomic policies; focus on more effectively implementing tasks and solutions on managing interest rates, exchange rates, credit growth, operating the open market, interbank market, refinancing, money supply, and issuing credit notes, etc.
Ministries, agencies and localities continue to support enterprises in implementing pilot and specific mechanisms and policies, new and breakthrough regulations, and "green channel" mechanisms for investment projects in industrial parks and economic zones in the high-tech sector. The Ministry of Agriculture and Environment is assigned to immediately develop a classification of green projects and green criteria to serve as a basis for mobilizing capital for green development.
Urgently research and develop mechanisms and policies to encourage investment, expand raw material production capacity and participate in North-South high-speed railway projects, urban railways, international railways, renewable energy projects, offshore wind power, etc. and guide, support and create maximum convenience for people and businesses in implementation.
Continue to prioritize time and resources to focus on perfecting institutions, mechanisms, policies and legal regulations.
Ministries, agencies and localities should focus on reviewing, amending and perfecting regulations that are no longer suitable, overlapping or incomplete, in the direction of resolving any problems, and at whichever level, that level should proactively handle and implement them immediately according to its authority or propose to the competent authority to amend and perfect them; promote decentralization and delegation of authority, combined with strengthening inspection, supervision and improving the implementation capacity of cadres, civil servants and public employees; institutions, mechanisms and policies must aim to mobilize all economic sectors, businesses and people to participate in socio-economic development, contributing to the growth and development of the country. Monthly report to the Prime Minister on bottlenecks, difficulties, obstacles and barriers for people and businesses, including foreign investors.
Focus on reviewing and cutting down administrative procedures to reduce hassles and save costs for people and businesses; improve the investment and business environment, create all conditions for quick settlement of investment procedures, and encourage investment from all economic sectors. Strive to reduce at least 30% of administrative procedure processing time by 2025; reduce at least 30% of business costs; abolish at least 30% of unnecessary business conditions; all procedures related to businesses must be carried out online, smoothly, seamlessly and effectively, ensuring transparency, minimizing paperwork; 100% of administrative procedures are carried out regardless of administrative boundaries within the province level...
Promote disbursement of public investment capital, take public investment as the lead, activate and attract all social resources.
Ministries, agencies and localities promote the disbursement of public investment capital, striving for the disbursement rate of public investment capital in 2025 to reach at least 95% of the plan assigned by the Prime Minister, in the spirit of taking public investment as the leader, activating and attracting all social resources; determined to complete the goal of having at least 3,000 km of expressways and over 1,000 km of coastal roads by the end of 2025, basically completing Long Thanh International Airport, ports in Lach Huyen area, putting into operation Tan Son Nhat T3 and Noi Bai T2 terminals, starting construction of Lien Chieu port, completing investment procedures for Can Gio international seaport, Ho Chi Minh City.
Direct, inspect, urge the construction, and accelerate the progress of the North-South Expressway component projects in the East phase 2021-2025; important and dynamic projects such as Hanoi Ring Road 4, Ho Chi Minh City Ring Road 3, My Thuan - Can Tho, Bien Hoa - Vung Tau, Ben Luc - Long Thanh expressways, regional ports... Research and immediately build a metro or railway line from Long Thanh airport to Tan Son Nhat, an elevated railway line from Van Cao to Lang Hoa Lac.
Promoting sustainable exports
The Ministry of Industry and Trade presides over and coordinates with the Ministry of Foreign Affairs, relevant ministries and agencies to support businesses in effectively utilizing commitments in 17 signed Free Trade Agreements (FTAs); promote negotiations and advise on signing FTAs with Middle Eastern countries, Switzerland, Norway, Finland, India, Brazil, etc.; enhance exploitation of new and potential markets, including the Middle Eastern, Halal, Latin American and African markets.
Ministries, agencies and localities strengthen the management of cross-border e-commerce activities; promote the export of services, especially finance and banking, develop logistics, expand air and sea transport; enhance international integration in services and sign digital economic agreements...
Strongly promote new growth drivers, breakthroughs in science and technology development, innovation, digital transformation, and high-quality human resources
Ministries, agencies and localities promote national digital transformation in a deep and comprehensive manner in all sectors and fields, creating new momentum for economic growth based on science, technology, data, digital technology and innovation; widespread digital economy, ensuring network security and safety. Continue to effectively implement Project 06; accelerate data sharing, especially data on population, justice, education, banking, tax, insurance, enterprises, land, vehicles, etc.
The Directive requires ministries, agencies and localities, according to their assigned functions, tasks and authorities, to proactively and flexibly implement synchronous solutions for cultural development, effectively implement social security policies, and sustainably reduce poverty; protect the environment, proactively prevent and combat natural disasters, respond to climate change, resolutely implement commitments at COP26, stabilize politics, consolidate and strengthen national defense and security; do a good job of policy communication, continue to promote foreign affairs activities, and effectively and substantially integrate into the international community.
PV
Source: https://baohanam.com.vn/chinh-tri/thuc-day-tang-truong-kinh-te-bao-dam-muc-tieu-tang-truong-nam-2025-dat-8-tro-len-149208.html
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