Effective policies, quality human resources and healthy administrative system

Lê Thanh Phong |

In 2025, strive to achieve a growth rate of at least 8% or higher under favorable conditions, that is the direction of Politburo member and Prime Minister Pham Minh Chinh.

The economic achievements in 2024 have created momentum to achieve the 8% growth target. Based on those achievements, continuing to focus on implementing the proposed solutions well will certainly be completed.

One of the tasks that has been urged in recent years is to remove difficulties and obstacles to implement public investment projects, especially important national projects and works. Last year, many transportation projects, including bridges, roads, and highways, were put into operation. In particular, the 500kV line 3 project has strategic significance in contributing to ensuring national energy security.

This year, many infrastructure projects will be completed, contributing to promoting economic development in localities and regions. With the current spirit of "working without looking back", completing 3,000km of expressway by the end of 2025 is within reach.

Attracting FDI projects is also selective, prioritizing high-tech projects, semiconductor industry, artificial intelligence, and industries with high added value. The appearance and cooperation of large technology corporations in Vietnam last year showed the success in attracting investment in this field. The more high-tech projects are implemented, the more the quality of human resources will be improved, and that will be the basic condition for rapid and sustainable development. To have high-quality human resources, in addition to training, there must be a working environment that attracts domestic and foreign intellectual resources.

Setting high growth targets must go hand in hand with appropriate policies that effectively support people and businesses. In particular, special attention must be paid to policies that support businesses investing in green projects, high-tech agriculture, and renewable energy. Eliminate all unreasonable business conditions, roll out the red carpet to welcome smart investors with smart policies.

Domestic enterprises and foreign investors coming to Vietnam must enjoy an open investment and business environment created by a healthy administrative system. Hopefully, after streamlining the apparatus, previous negative issues will be eliminated, administrative procedures will be simple and open with a team of civil servants working with a spirit of service.

If we can do that, the growth target of 8% in 2025 and double digits in the following years is completely achievable.

Lê Thanh Phong
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