National Assembly sets GDP growth target of over 7.0% in 2025

PHẠM ĐÔNG |

The National Assembly resolved to increase the gross domestic product (GDP) by about 6.5-7.0% and strive for about 7.0-7.5%; GDP per capita reaches about 4,900 USD.

On the afternoon of November 12, with 424/426 delegates participating in the vote, the National Assembly voted to pass the Resolution on the Socio-Economic Development Plan for 2025.

The Resolution clearly states that 2025 is the year of acceleration, breakthrough, and reaching the finish line; striving to achieve the highest results in the goals and targets of the 5-year Socio-Economic Development Plan 2021-2025. Continuing to prioritize promoting growth on the basis of maintaining macroeconomic stability, controlling inflation, and ensuring major balances of the economy.

The resolution sets out 15 key targets.

1. Gross domestic product (GDP) growth rate is about 6.5-7.0% and strives for about 7.0-7.5%.

2. GDP per capita is about 4,900 US dollars (USD).

3. The proportion of processing and manufacturing industry in GDP is about 24.1%.

4. The average consumer price index (CPI) growth rate is about 4.5%.

5. The average social labor productivity growth rate is about 5.3-5.4%.

6. The proportion of agricultural labor in the total social labor force reaches 25-26%.

7. The rate of trained workers is about 70%, of which those with degrees and certificates is about 29-29.5%.

8. Unemployment rate in urban areas below 4%.

9. The poverty rate (according to multidimensional poverty standards) decreased by about 0.8-1%.

10. The number of doctors per 10,000 people is about 15 doctors.

11. Number of hospital beds per 10,000 people reached 34.5 hospital beds.

12. Health insurance participation rate reached 95.15%.

13. The rate of communes meeting new rural standards is about 80.5-81.5%.

14. The rate of collection and treatment of urban solid waste meeting standards and regulations reaches 95%.

15. The rate of industrial parks and export processing zones in operation with centralized wastewater treatment systems that meet environmental standards is 92%.

The National Assembly requested the Government and relevant agencies to have strong and drastic solutions to remove institutions, overcome bottlenecks; focus on cutting and simplifying administrative procedures and business regulations, creating convenience and reducing costs for people and businesses.

Innovate thinking in law-making in the direction of both ensuring state management requirements and encouraging creativity, liberating all productive forces, and unlocking all resources; abandon the mindset of "if you can't manage, then ban".

Focus on cutting and simplifying administrative procedures and business regulations, preventing the emergence of new inappropriate and unfeasible procedures, business regulations, standards, and techniques to facilitate and reduce costs for people and businesses.

Focus on removing difficulties and obstacles to restore and develop stably, healthily and sustainably all types of markets, especially the financial market, gold market, corporate bond market and real estate market.

Prioritize promoting economic growth, supporting production and business while maintaining macroeconomic stability, controlling inflation, and ensuring major economic balances.

Concentrate resources and strive to complete the goal of having 3,000 km of expressway nationwide by 2025. Strive to complete procedures and start investment in 2025 for the Lao Cai - Hanoi - Hai Phong railway line.

Preparing to invest in the Lang Son - Hanoi and Mong Cai - Ha Long - Hai Phong railway lines and speeding up the preparation and completion of investment procedures for the entire high-speed railway project on the North - South axis...

PHẠM ĐÔNG
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