On the afternoon of February 10, the National Assembly Standing Committee commented on the proposal of additional projects on socio -economic development in 2025 with the goal of growth of 8% or more.
Minister of Planning and Investment Nguyen Chi Dung said, with a particularly important meaning of 2025, GDP growth of the whole country needs to reach 8% or more (higher than the central target, the previous National Assembly's decision. is 6.5 - 7%, striving 7 - 7.5%).
"The growth is fast but must be sustainable, maintaining macroeconomic stability, controlling inflation, ensuring major balances; developing harmoniously between the economy and society and protecting the environment, ensuring national defense and security" - Minister Nguyen Chi Dung said.
According to the report, the Government submits to the National Assembly for consideration and comments on the adjustment of the growth rate of the gross domestic product (GDP) reaches 8% or more, the average increase in consumer price index (CPI) about 4.5-5%.
If necessary, it is possible to adjust the state budget deficit to about 4.5% of GDP to mobilize resources for development investment, public debt, government debt, and foreign debt may reach the threshold or exceed the warning threshold (about 5% of GDP).
Regarding the growth scenario of 8% or more in 2025, Minister Nguyen Chi Dung mentioned some notable information such as economic sectors growing higher than 0.7-1.3% compared to 2024. ; With industry - construction, especially processing and manufacturing industry continues to be the driving force for growth.
Reviewing this content, the National Assembly's Economic Committee basically agreed with the goals, requirements, and scenarios of economic growth in 2025 in the Government's submission and report.
According to the Chairman of the Economic Committee Vu Hong Thanh, the National Assembly adjusted to increase the goal of economic growth in 2025 showing the determination and efforts of the Government, creating a solid foundation to achieve growth of 2 numbers, Bringing our country into the era of prosperity.
However, the verification agency proposed the Government to focus on analyzing and evaluating the implementation conditions to ensure the feasibility of the project.
Particular attention should be paid to solutions to ensure national financial security and public debt safety.
In addition, there is a proposal to consider the adjustment of the criteria of labor productivity growth rate because this target has a close relationship with the GDP growth target.
Regarding the average increase in the consumer price index (CPI) index (CPI) of about 4.5 - 5%, the Economic Committee believes that adjusting the consumer price index quota is necessary to create space in operating fiscal and monetary policies, supporting economic growth.
However, inflation is an important indicator, directly affecting macro stability as well as people's lives and business expenses.
Therefore, the Government is requested to have solutions to control inflation in accordance with the goals of growth and stability of macroeconomic.
The review agency also emphasized a number of solutions to successfully implement the GDP growth target in 2025 achieved from 8% or more.
Continue to enhance reproductive capacity, promote rapid and sustainable economic growth; maintain macroeconomic stability; operate monetary policy proactively, flexibly, promptly and effectively.
Managing appropriate fiscal policies; managing expenditures closely following estimates, saving and effectively, devoting resources to key national projects, social security; proactively controlling and responding to risks.
Promoting numbers in a stronger, substantive, widespread way. Focus on cutting and simplifying administrative procedures.
Do not let the streamlining and arrangement of organizations and apparatus affect people and the production and business activities of enterprises.
