On July 16, Politburo member and Prime Minister Pham Minh Chinh chaired an online conference with the Government and localities on economic growth scenarios for 2025.
In his concluding remarks, the Prime Minister clearly stated the main goals including: "Stable macro economy, control inflation of about 4.5%, GDP growth of the whole country in 2025 will reach 8.3-8.5% and in 2026 will reach 10% or more; total social investment in 2025 will be about 2.8 million billion VND...
The Prime Minister emphasized that this is a very difficult goal and has many great challenges, but we cannot help but do it and this goal is not an impossible goal.
If we cannot achieve this goal this year, it will affect the growth target for the coming years and the two 100-year goals set.
The Prime Minister requested to continue implementing proactive, flexible, timely and effective monetary policy.
The State Bank directs exchange rate stability, strives to continue reducing interest rates, supporting production, business and livelihoods for people, controlling credit flows entering growth drivers of the economy, digital economy, green economy, circular economy and social housing.
Continue to implement a reasonable and effective expansionary fiscal policy, promote 100% public investment disbursement (about 1 million billion VND); ensure that total social investment increases by about 11-12% compared to 2024.
Expand revenue sources, promote spending savings, issue long-term government bonds to serve growth drivers, key national projects, digital economy, green economy, circular economy.
The Prime Minister noted that monetary policy and fiscal policy must coordinate harmoniously, reasonably, effectively, support, promote, and rely on each other to promote economic growth.
Regarding culture - tourism, the Prime Minister requested to promote the development of the cultural industry, entertainment industry; have appropriate visa policies along with promoting tourism promotion and advertising to achieve the target of 25 million tourists in 2025.
The head of the Government requested to promote decentralization and delegation of authority along with resource allocation, improve implementation capacity and strengthen inspection and supervision; cut down on administrative procedures, reduce inconvenience, costs, and compliance time for people and businesses.
State-owned corporations and groups must strive for high growth, higher than the national average, reaching above and below 10% this year, on the basis of effective use of resources.
Localities further promote the spirit of proactiveness, creativity, not waiting, relying on the spirit of promoting decentralization, delegation of power and according to assigned functions, tasks and powers.
The Prime Minister assigned ministries and branches to submit Government resolutions to resolve problems related to planning, ODA capital, and hand over common construction material mines, to be completed in July.
The Prime Minister noted that ministries, branches, agencies and localities should focus on successfully organizing Party Congresses at all levels, but not affecting growth targets.
The Prime Minister requested the development and promulgation of a Government Resolution on growth targets to ensure closeness to the situation, specificity, feasibility, high fighting spirit, systematicity and synchronization, and efficiency to ensure the set goals.
