National Assembly Chairman Tran Thanh Man has just signed Resolution No. 192/2025/QH15 on supplementing the Socio-Economic Development Plan for 2025 with a growth target of 8% or more.
This Resolution adjusts a number of key indicators, including the growth rate of gross domestic product (GDP) of 8% or more, GDP in 2025 of about over 500 billion USD; GDP per capita of about over 5,000 USD, average CPI growth rate of about 4.5 - 5%.
All of these targets are higher than the level decided by the National Assembly at the end of 2024.
Stating the main tasks and solutions that the Government and relevant agencies need to focus on implementing, the National Assembly requested to innovate the thinking of law-making towards "both strict management and development creation", abandoning the thinking of "if you can't manage, then ban"; promoting the method of "management according to results", strongly shifting from "pre-inspection" to "post-inspection" associated with strengthening inspection and supervision.
Continue to improve the legal framework to promote the rapid, healthy and effective development of markets (finance, securities, science, technology, labor, real estate, etc.).
Develop specific policies for the development of potential economic zones such as Van Don, Van Phong, border economic zones and regions according to the Resolutions of the Politburo.
The National Assembly agreed to add about VND84,300 billion in public investment capital from increased revenue and state budget expenditure savings in 2024 to speed up the implementation of a number of projects with the ability to absorb capital (highways, coastal roads, etc.) in 2025.
The National Assembly also requested to speed up the disbursement of public investment capital, striving for the disbursement rate of the whole country to reach 95% of the plan in 2025; supplementing and applying specific mechanisms and policies, especially for large-scale, key projects.
If necessary, adjust the state budget deficit to about 4 - 4.5% of GDP to mobilize resources for development investment; public debt, government debt, and national foreign debt can reach or exceed the warning threshold of about 5% of GDP - the Resolution has just been issued clearly.
The task of the enforcement agency is also to promote the development of the private economy and the collective economy, especially small and medium-sized enterprises, to participate more deeply in the global value chain. Build a mechanism to prioritize the formation and development of new productive forces, build mechanisms and policies to strongly develop ethnic enterprises on a large scale.
Along with that, the National Assembly requires proactive work with each strategic investor to attract large FDI projects, high technology; effectively implement the "green channel" mechanism for investment projects in industrial parks and economic zones in the high-tech sector to soon deploy and put projects into operation.
Review and immediately have solutions to handle projects that are stuck, especially renewable energy projects, BOT, BT, transportation, real estate and other fields; in the immediate future, build a specific mechanism to focus on resolving them for projects in Ho Chi Minh City, Hanoi, Da Nang and some major provinces and cities to free up resources in 2025.
Early completion of investment procedures for Can Gio international seaport. Strongly promote nuclear power and offshore wind power projects; speed up the progress of amending and effectively implementing the VIII Power Plan in the new context - the Resolution clearly states.
