In particular, many economic "locomotives" such as: Hanoi, Ho Chi Minh City, Hai Phong, Quang Ninh, Da Nang, Can Tho... simultaneously set a target of far exceeding this target, setting an ambition of 10%, 12.5% or even 14%.
These strong moves are creating an optimistic atmosphere, creating momentum to promote economic development, but also putting a lot of pressure on localities. The fact that localities are not satisfied with the target of 8% but are aiming for higher numbers shows a proactive and confident spirit.
It can be seen that after a long time of being affected by the COVID-19 epidemic and many other objective factors, the economy is gradually regaining growth momentum, the supply chain recovers, and businesses are encouraged to boost production.
Domestic and export demand has begun to improve, especially in areas with strong potential for infrastructure, human resources, technology, etc.
However, to realize the goal of exceeding 8%, localities must clearly identify the main motives as well as activate resources, especially public investment.
The disbursement of public investment capital needs to be accelerated, avoiding spreading or delaying. Because key transport projects, seaport systems, airports, bridges and roads... are the decisive pillars in reducing logistics costs, increasing regional connectivity and attracting private investment.
It is necessary to more strongly attract FDI capital flows and socialize by promoting business environment reform, streamlining procedures, and reducing unofficial costs to encourage investors, especially in the fields of technology, supporting industries, and smart agriculture.
The demand for domestic and international tourism is recovering. Localities such as Quang Ninh, Da Nang, Kien Giang... need new, breakthrough tourism products of quality to retain customers and increase revenue.
In particular, it is impossible to demand double-digit growth without a team of skilled workers and modern managers. Strengthening training, university - business linkages and policies to support workers are important keys.
Finally, the goal of exceeding 8% by economic locomotives and localities must also be parallel to the solution of "running by achievements", focusing on short-term numbers rather than sustainable development.
Many years of experience show that if we only focus on "pumping" investment to increase GDP in the short term, it will easily lead to high public debt, waste of resources, and difficulty maintaining growth in the long term.
The annual growth target of 8% is a big challenge, but strong commitments from leading localities - even exceeding the target to 10%, 12.5% or 14% - are creating an exciting atmosphere, boosting market confidence, creating strong momentum to truly make a breakthrough in the Vietnamese economy to new heights.
