The Government proposed adjusting the growth rate (GDP) in 2025 to 8% or more instead of 6.5-7% as approved by the National Assembly at the end of 2024.
On the afternoon of February 10, the National Assembly Standing Committee discussed a supplementary project on socio-economic development in 2025.
Presenting the report, Minister of Planning and Investment Nguyen Chi Dung said that the Government proposed adjusting the growth rate (GDP) in 2025 to reach 8% or more instead of 6.5 - 7% as approved by the National Assembly at the end of 2024.
The average consumer price index (CPI) is about 4.5-5%. Thus, the GDP scale in 2025 will be about 500 billion USD, GDP per capita will be about 5,000 USD instead of about 4,900 USD as before.
According to the Government's calculations, to achieve this target, the GRDP growth of localities this year must be at least 8-10%, especially Hanoi, Ho Chi Minh City and other potential and growth-promoting localities nationwide.
The solutions proposed by the Government to achieve the growth target of over 8% include perfecting institutions, accelerating public investment disbursement, promoting private investment and processing and manufacturing industries...
There needs to be appropriate solutions to control inflation.
Examining this content, Chairman of the Economic Committee Vu Hong Thanh said that adjusting the GDP target this year will contribute to creating a foundation for double-digit growth from 2026, bringing the country into an era of prosperous development.
However, according to the audit agency, the Government needs to assess the conditions to ensure the feasibility of setting an economic growth target of over 8% this year, especially solutions to ensure financial security and public debt safety.
Regarding the average CPI target of 4.5-5%, the Economic Committee believes that adjusting this target is necessary to create space to operate fiscal and monetary policies, supporting economic growth.
Noting that inflation is an important indicator that directly affects business costs, Mr. Thanh suggested that the Government needs to have solutions to control inflation in line with growth and macroeconomic stability goals.
Especially in the context of streamlining the apparatus, the Government needs to pay attention not to let the streamlining and rearrangement of the organization and apparatus affect the people and the production and business activities of enterprises.
Secretary General of the National Assembly Le Quang Tung said that the Government assigns growth targets to localities, so it needs to remove difficulties for localities, including solutions for businesses.
Expressing his approval of the selection of sectors to promote growth, Mr. Tung suggested that preferential policies for priority sectors should be implemented immediately. In addition to high GDP growth, it is necessary to implement synchronous solutions to stimulate consumption, tourism, and trade.
In particular, the Government needs to immediately issue mechanisms such as visa exemption policies, aviation... to bring immediate impact to the economy.
Explaining later, the Minister of Planning and Investment said that the Government identified two groups of short-term and long-term solutions to achieve the target of high economic growth.
The Minister accepted the opinions so that the Government's proposed solutions are feasible, ensuring the set goals, with the aim of being proactive in management, increasing capital for development investment to achieve double-digit GDP.
As planned, at the 9th extraordinary session (opening on February 12), the National Assembly will decide on a supplementary plan on socio-economic development in 2025, with a growth target of 8% or more.
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Source: https://vietnamnet.vn/trinh-quoc-hoi-dieu-chinh-muc-tieu-tang-truong-gdp-dat-8-tro-len-2370150.html
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